Bloomberg Japan Conference: Road to Recovery
Seven months after Japan's March 11 earthquake, reconstruction efforts continue. The government put the price tag for damages caused by the earthquake at $200 billion, and the cost of rebuilding is increasing, with the government proposing an additional $25 billion budget on top of the $50 billion initially set aside.
Among the many themes we will discuss is the state of reconstruction and the impact of additional spending on Japan's debt and tax policy. Should the central bank do more or are conditions in place for the economy to recover from the supply shock wrought by the earthquake? We'll explore whether it makes sense to put more assets in Osaka and the Kansai region, following the vulnerability exposed by power disruptions in Tokyo.
Since the earthquake, the Topix has roared back to life. Is it better to bet on Japanese equities or corporate bonds? What is the long-term outlook for Japanese government bonds?
The Bloomberg Japan Conference will bring together government officials, policymakers, finance executives, business leaders and Japan watchers to examine the full impact of Japan's triple disaster and the country's way forward.
Paul Hastings partner Toshi Arai is a featured speaker to discuss "ASIA'S SHIFTING BALANCE OF POWER" at 1:40 pm.
In 2010, China overtook Japan as the world's second-largest economy. As China's growth increases, so too is its willingness to use its economic might. In August, Moody's downgraded Japan's credit rating to Aa3. It's the first time Moody's downgraded Japan since 2002 and brings Japan to the same level as China.
Even before China overtook Japan to become the world's second-largest economy, the mainland has leapfrogged the U.S. to become Japan's top trading partner in 2005. Japan is number three in China's list. How should a weakened Japan deal with an increasingly powerful and aggressive neighbor? What is the best way for Japan to do business with China? Is China's antiquated political system ready to accommodate a bigger role in modern world affairs in Asia and beyond?
For additional information and to register, visit the Bloomberg site