Launch of High-Level Working Group on Japan-U.S. Common Economic Challenges

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June 3, 2014
Launch of High-Level Working Group on
Japan-U.S. Common Economic Challenges
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Contact for more information:

Daniel Bob, SPFUSA

202-296-4176

Brian Reil, PIEE

202-454-1334

The High-Level Working Group on Japan-U.S. Common Economic Challengesdebuted on
June 2nd and 3rd in Washington, DC--a partnership of Sasakawa Peace Foundation USA,
Sasakawa Peace Foundation Japan and the Peterson Institute for International Economics.

"This was a particularly important set of discussions since it's the first high-level
economic dialogue between Japan and the United States in more than a decade," commentedSPFUSA
Chairman Admiral Dennis Blair, former Director of National Intelligence and former
Commander, U.S. Pacific Command.

"Our two countries share a wide array of common economic interests beginning with
the speedy completion of the Trans-Pacific Partnership, but extending to macro-
and micro-economic issues that will significantly affect the direction of the global
economy. It's a dynamic time in the economies of both countries and important that
we understand ways we can work together."

The group, comprised of distinguished economists and former government officials
from both countries, covered such issues affecting both countries as productivity
slowdowns, long-term fiscal sustainability, the effectiveness of fiscal policy and
public investment, TPP negotiations and prospects, and monetary policy in the face
of extended slowdowns. These closed-door discussions were followed by an on-the-record
panel discussion for press and public on current U.S.-Japan issues.

The group plans to meet twice yearly, with the next session planned for Tokyo at
the end of 2014. Frank and substantive exchange will continue on key issues with
the expectation of generating significant policy advice and new applied research
ideas, as well as an important channel for communication between the two countries.

Japanese members
Co-Chair: Motoshige Itoh, University of Tokyo
Jiro Hanyu, The Sasakawa Peace Foundation
Kiyoto Ido, Institute for International Economic Studies
Takatoshi Ito, National Graduate Institute for Policy Studies and Columbia
Motoshige Itoh, University of Tokyo (co-chair)
Masahiro Kawai, Graduate School of Public Policy, University of Tokyo
Hideichi Okada, NTT Data Institute of Management and Consulting
Unable to attend: Koji Tanami, Bank of Tokyo Mitsubishi, Hiroshi Yoshikawa, University
of Tokyo
US members
Co-Chair: Adam Posen, Peterson Institute for International Economics
Richard Clarida, Columbia
Peter Fisher, Dartmouth
Kristin Forbes, Massachusetts Institute of Technology
Robert Lawrence, Harvard
Marcus Noland, Peterson Institute for International Economics
Peter Orszag, Citibank
David Weinstein, Columbia
Unable to attend: Charles Collyns, Institute for International Finance; Glenn Hubbard,
Columbia; Anil Kashyap, Chicago
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Sasakawa Peace Foundation USA
1819 L Street, NW
Suite 300
Washington, DC 20036
202-296-6694
administration[at]spfusa.org
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