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Latest UpdatesJapan-U.S.-Europe Business Seminar held in Tokyo Emphasizing importance of building win-win relationship for direct investment

May 30, 2017

On March 27, the Ministry of Foreign Affairs (MOFA) of Japan held the “Japan-U.S.-Europe Business Seminar: Ringing in a Renewed Economic Relationship between Japan, the U.S. and Europe Pioneered by Mutual Investment" together with the Cabinet Office (CAO), Ministry of Economy, Trade and Industry (METI), Japan Institute of International Affairs (JIIA) and Japan External Trade Organization (JETRO) as co-organizers. The event was joined by 160 people, including from European and American companies operating in Japan, embassies in Tokyo, foreign government agencies, foreign chambers of commerce in Japan and local governments.

Economic trends and the prospects for expanding investment in Japan, the U.S. and Europe, as well as efforts for and challenges to improving the business environment in Japan and the advantages of investment in local regions of Japan were discussed intensively in the seminar.

Yasushi Akahoshi, President of JETRO, took the stage as a panelist at the panel discussion entitled “Recent Economic Trends in Japan, the U.S. and Europe and Prospect of the Further Expansion of Mutual Investment.” Mr. Akahoshi not only explained that Japan’s foreign direct investment has reached a balance with North America, Europe and Asia, but also mentioned that Japan’s inward direct investment from all three regions is expected to grow from here on out, in particular from Asian countries.
Mr. Akahoshi pointed out the importance of building win-win relationships in direct investment by bringing up examples of contributions made by Japanese companies operating abroad to employment and exports of those local economies.
Furthermore, he emphasized that governments have a role to play in developing fair and competitive environments where companies can invest based on economic rationales.

Please refer to the following website of MOFA外部サイトへ、新しいウィンドウで開きます (Japanense only) for the overview of this seminar and the details of the discussion.

Panel discussion

Panel discussion

Overview of “Japan-US-Europe Business Seminar”
Ringing in a Renewed Economic Relationship between Japan, the US and Europe Pioneered by Mutual Investment
Date March 27, 2017 (Monday) 14 : 30 - 20 : 00
Venue

Tokai University Club

Organizer Ministry of Foreign Affairs (MOFA)
Co-organizer Cabinet Office (CAO), Ministry of Economy, Trade and Industry (METI),
Japan Institute of International Affairs (JIIA), Japan External Trade Organization (JETRO) 
Attendants Approximately 160 people
Program
Opening remarks Mr. Kentaro Sonoura, State Minister for Foreign Affairs
Keynote speech 1

Mr. Lewis Libby, Senior Vice President of Hudson Institute

Keynote speech 2

Mr. Markus J. Beyrer, CEO of BusinessEurope

Panel discussion 1

“Recent Economic Trends in Japan, the U.S. and Europe and Prospect of the Further Expansion of Mutual Investments”

Moderator:
Yoshiji Nogami, President of JIIA
Panelists:
Shujiro Urata, Professor at Waseda University
Yasushi Akahoshi, President, JETRO
Nicholas Hill, Economic Minister-Counselor, US Embassy Tokyo
Markus J. Beyrer, CEO of BusinessEurope
Panel discussion 2

“Toward Improvement of the Business Environment: Progress and the Next Steps”

Moderator:
Mr. Kanji Yamanouchi, Director-General, Economic Affairs Bureau, MOFA
Panelists:
Mr. Nobuo Kagomiya, Deputy Director-General for Economic and Fiscal management, CAO
Mr.Katsunori Nemoto, Managing Director, Keidanren (Japan Business Federation)
Mr. Christopher LaFleur, President of American Chamber of Commerce in Japan (ACCJ)
Mr. Danny Risberg, Chairman of European Business Council in Japan (EBC)
Panel discussion 3

“Foreign Direct Investment in Local Regions of Japan – Mutually Beneficial Relationship: Benefits for Investors and Revitalization of Local Communities”

Moderator:
Ms. Reiko Akiike, Senior Partner & Managing Director, Boston Consulting Group
Panelists:
Mr. Kyoichi Suzuki, Director for Investment Facilitation, Trade and Investment Facilitation Division, Trade and Economic Cooperation Bureau, METI
Mr. Yoshitaka Kinoshita, President, Micron Memory Japan, Inc.
Mr. Isao Nishiguchi, Director for Industrial Investment Promotion Division, Department of Employment and Economic affairs, Mie Prefectural Government
Mr. Koichi Yamagishi, Director of International Affairs Division, Ibaraki Prefectural Governmen
Closing remarks Mr. Toshinao Nakagawa, Parliamentary Vice-Minister of Economy, Trade and Industry (METI)
Networking reception

Opening remarks by Mr. Shunsuke Takei, Parliamentary Vice-Minister for Foreign Affairs

Remarks by Mr. Francesco Fini, Minister and Deputy Head of Delegation, Delegation of European Union to Japan