Burgess COMMENTARY

Peter Burgess

Gmail Peter Burgess EVENT: Prominent Economists discuss Negative Interest Rate Policy at Japan Society 1 message Japan Society Business & Policy Registration Wed, Aug 17, 2016 at 12:46 PM Dear Colleagues, Thank you for attending the Japan Society Business & Policy Program’s events last season. We would like to inform you about an upcoming program this September:

Negative Interest Rate Policy: The New Era of Below-Zero Rates cid:image001.png@01D1E35F.CDF46800 PANEL DISCUSSION Date: Monday, September 12 Time: 6:00 pm – 8:30 pm (Panel starts at 6:30 pm) Speakers: Bruce Kasman, Managing Director and Chief Economist, J.P. Morgan Sayuri Shirai, Professor, Keio University; Visiting Scholar, Asian Development Bank Institute; former Member of the Policy Board, Bank of Japan Torsten Slok, Chief International Economist and Managing Director, Deutsche Bank Securities, Inc. Moderator: Joseph E. Gagnon, Senior Fellow, Peterson Institute for International Economics On February 16, 2016, Japan followed the lead of several central banks in Europe, including the European Central Bank, into the negative interest rate territory. In an effort to stimulate the Japanese economy, the Bank of Japan applied a rate of negative 0.1 percent on current accounts that financial institutions hold at the bank. Currently, six central banks in Europe and Asia have pushed rates below zero, and other central banks are considering the feasibility of using negative rates to boost the economy. In this program, prominent economists from the United States, Japan, and Europe examine the central banks move to jump on the negative rate bandwagon, the effectiveness of negative interest rates, and the pros and cons of this policy. The panelists also discuss the possibility of the United States adopting the negative interest rate policy. Agenda 6:00-6:30 p.m. Registration 6:30-8:00 p.m. Panel Discussion and Q&A 8:00-8:30 p.m. Reception Venue: Japan Society (333 East 47th St, NY 10017) Admission: Non-members: $20 Japan Society Corporate Members: Free, up to designated number of tickets; additional tickets $15 Japan Society Individual Members at Patron Circle level and above: $15 Academic and government: $15 Register online through our website. Thank you for your time and consideration. Sincerely, Japan Society Business & Policy Program Email: register@japansociety.org Phone: (212) 715-1208 cid:image002.png@01D1A5EF.E6DA7BA0 Upcoming Business & Policy Events

Thursday, September 8, 2016 12:00 PM – 1:30 PM (discussion starts at 12:30) Next Steps in Korea-Japan Relations Speakers: Brad Glosserman, Executive Director, Pacific Forum Center for Strategic and International Studies Scott Snyder, Senior Fellow for Korea Studies and Director of the Program on U.S.-Korea Policy, Council on Foreign Relations Please note that this event will take place at The Korea Society, 950 Third Avenue, 8th Floor, New York, NY 10022.

Thursday, September 29, 2016 6:00 PM – 8:30 PM (panel discussion starts at 6:30) The Next Big Revolution: Internet of Things Panelists: Mark Patel, Partner, McKinsey & Company William Saito, Special Advisor, Cabinet Office, Government of Japan

Wednesday, October 5, 2016 6:00 PM – 8:00 PM (lecture starts at 6:30) Moving Beyond Money Capitalism: Japan’s Alternative Economic Model of Satoyama Capitalism cid:image003.png@01D1E35F.CDF46800 Speaker: Kosuke Motani, Chief Research Economist, Japan Research Institute Presider: Shawn Escoffery, Director of Strong Local Economies, Surdna Foundation

Thursday, October 7, 2016 9:00 AM – 12:30 PM (panel discussion starts at 9:30) US-Japan Relations: The 2016 Presidential Election & Beyond Panelists: Kent Calder, Director, Reischauer Center for East Asian Studies, SAIS/Johns Hopkins University Takashi Imamura, Senior Vice President & General Manager, Marubeni America Corporation, Washington Office Torkel Patterson, Member of the Board, Central Japan Railway Company; former Special Assistant to the President, former Senior Director Asia, Deputy Assistant Secretary for South Asia, U.S. Department of State Moderator: Barney Jopson, US Policy Correspondent, Financial Times, Washington DC

Tuesday, October 18, 2016 6:00 PM – 8:30 PM (lecture starts at 6:30) IBM Watson: The Power of Artificial Intelligence Speaker: Mike Rhodin, Senior Vice President, IBM Watson Group Presider: Steve Lohr, Technology Reporter, The New York Times