We would like to invite you to our international symposium on “CAPITAL MARKETS AND CORPORATE FINANCE IN JAPAN“ on December 11th, 2003, 09:30-17:00 organized by the Hamburg Institute of International Economics (HWWA) and the German Institute for Japanese Studies (DIJ).

Conference Venue and Time
Sankei Plaza Ohtemachi, Room No. 310

100-0004 Tokyo-to Chiyoda-ku Otemachi 1-7-2

Japanese-English simultaneous translation is provided.

Topic:
Japan’s financial system has been undergoing dramatic changes for several years. The so-called “Japanese Big Bang” can be seen as a milestone in this process which is not finished by far, and even the direction sometimes seems unclear. Questions as to whether and to what extend Japan is moving towards a market-based system, and how Japanese and foreign corporations in Japan should deal with these changes must be discussed.

The symposium is aimed to identify the current status of these changes regarding to the legal and institutional framework as well as to the implications on corporate finance. It will provide a place of exchange between international scholars and practitioners from the financial industry.

Program (09:30-17:00)
(for details, please see our website)

Greetings: Irmela Hijiya-Kirschnereit, DIJ

Session 1: Capital Markets - The Framework

OZAKI Sadakazu (Nomura Research Institute): Change of the Japanese Financial System towards a Market-based System

HORIUCHI Akiyoshi (Chuo University): Current Situation of Japan’s Banking Crisis

Andreas NABOR (HWWA): Asian Financial Markets in Competition

Session 2: The Enterprises

MIYAJIMA Hideaki (Waseda University): Corporate Finance in Big Stock Corporations

Ulrike SCHAEDE (University of California at San Diego): Corporate Finance in Small and Medium Enterprises

Andreas MOERKE (German Institute for Japanese Studies): Corporate Finance at Foreign Corporations in Japan

SAKAMOTO Tsuneo (Meiji University): Manager Remuneration – Linkage with Corporate Performance and Share Price

Registration
Participation is free of charge, but please register by Dec. 9th, 2003, with Ms. Asano (via email) or use the downloadable registration form on our website. As seating is limited to 50 participants, so: first come, first served.

We are looking forward to a stimulating symposium and hope to see you there!

Best regards,

Andreas Nabor (HWWA) and Andreas Moerke (DIJ)