ベラジョンカジノcm

This page uses Javascript. Please enable Javascript in your browser. Skip to Content Japanese English Chinese About RIETI Site Map Help Contact Discussion Papers Search Site Search Menu Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows According to Title Alphabetical order RIETI Alumni Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) Research Areas Fellows Research/Policy Papers Publications Events Data Articles Site Map Technical Issues Coontact Discussion Papers Search Close HomeEventsSymposiums RIETI Policy Symposium Japan's Financial System: Revisiting the Relationship between Corporations and Financial Institutions Print Program Handouts Summary Announcement There has been much discussion on the pros and cons of the role of financial institutions in corporate performance. On the one hand, there are those of the view that main banks have supported long-term strategy-based corporate management. On the other hand, financial institutions have been criticized for negatively impacting corporate management as they lost their risk-evaluation capabilities during the bubble era, and subsequently became reluctant to lend or continued zombie-lending. Meanwhile, interest is increasing in the concept of relationship banking, which is said to create value-added through a tight relationship between corporations and financial institutions. This is the result of realization that this relationship should be reconstructed to overcome non-performing loan (NPL) problems and put the Japanese financial system back on the right track. Currently, there are still numerous unanswered questions on how the firm-bank relationship affects corporate activities and the economy as a whole, and whether increasing competition among financial institutions and restructuring of the financial service sector benefit the borrowers. In particular, there is only limited analysis based on empirical evidence on SMEs which are still affected a great deal by their relationship with financial institutions, although there is conjecture based on individual case studies. During the first part of the symposium (afternoon of February 16 and morning of February 17), consisting of four sessions, participants will discuss, based on RIETI's recent research results, the role of financial institutions during the life of a corporation from birth to exit/revitalization, and the structure of the indirect financing market. Discussion will be based on results of empirical analysis which made use of the recently developed database on SMEs. To this end, leading overseas researchers on banking will also join the discussion. During the second part (afternoon of February 17), Mr. Kazumasa IWATA, Vice-President of the Bank of Japan, will lecture on the financial system at large followed by a panel discussion to deepen the debate. Through wide-ranging participation from practitioners to researchers, this symposium will seek to provide many insights into the future of Japan's financial system Information Time and Date: Thursday, February 16, 2006, 13:30-17:10 Friday, February 17, 2006, 9:00-17:00 Venue: Hall, Shinsei Bank (1st Floor, Head Office, 2-1-8 Uchisaiwaicho, Chiyoda-ku, Tokyo) Language: Japanese / English (with simultaneous interpretation) Charge: ¥2,000 (an official receipt will be issued) (Student discount ¥1,000. Please present your student ID at the reception desk.) Hosts: Research Institute of Economy, Trade and Industry (RIETI) Contact: RIETI KASAHARA Tomoko (Ms.) / KASE Tomoko (Ms.), (Tel: 03-3501-8398) * Streaming video footage of and handouts pertaining to the symposium will be available for downloading from the RIETI website after the event.* Purpose of Use of Images Agenda [Thursday, February 16, 2006] 13:30-17:10 Conference Chair: KIMURA Takako (RIETI) 13:30-13:40 Opening Remarks: YOSHITOMI Masaru (President and CRO, RIETI) 13:40-15:20 Session 1: "The Workings of Relationship Banking - impact on capital procurement and corporate activity" Session Chair: UESUGI Iichiro (Fellow, RIETI) 13:40-14:00 Presentation: "Relationship between interest rate and firm age" - WATANABE Tsutomu (Faculty Fellow, RIETI / Professor, Institute of Economic Research, Hitotsubashi University) 14:00-14:20 Presentation: "Factors that influence the relationship between banks and SMEs" - UCHIDA Hirofumi (Associate Professor of Banking and Finance, Faculty of Economics, Wakayama University) - Gregory F. UDELL (Bank One Chair of Banking and Finance, Kelley School of Business, Indiana University) 14:20-14:40 Presentation: "Does main bank's health matter in firm customers' behavior?" - OGAWA Kazuo (Professor, Institute of Social and Economic Research, Osaka University) 14:40-15:00 Comments - HORIUCHI Akiyoshi (Professor, Faculty of Policy Studies, Chuo University) 15:00-15:20 Discussion 15:20-15:30 Coffee Break 15:30-17:10 Session 2: "What to look for in credit complementarity of SMEs: the role of mortgage, guarantee and public lending facilities" Session Chair: WATANABE Tsutomu (Faculty Fellow, RIETI / Professor, Institute of Economic Research, Hitotsubashi University) 15:30-15:50 Presentation: "The role of collateral and personal guarantees in relationship lending: Evidence from Japan’s small business loan market" - ONO Arito (Senior Economist, Mizuho Research Institute Ltd.) 15:50-16:10 Presentation: "Effectiveness of credit guarantees in the Japanese loan market" - UESUGI Iichiro (Fellow, RIETI) 16:10-16:30 Presentation: "How are loans by their main bank priced? Bank effects, information and non-price terms of contract" - WATANABE Wako (Associate Professor, Graduate School of Economics and Management, Tohoku University) 16:30-16:50 Comments - HIRAI Hirohide (Director, Corporate Finance and Tax Affairs Division, Business Environment Department, Small and Medium Enterprise Agency, METI) 16:50-17:10 Discussion 17:10-19:00 Reception Agenda [Friday, February 17, 2006] 9:00-17:00 9:00-10:40 Session 3: "Is relational banking relevant for corporate revitalization? Cooperation among and respective roles of financial institutions, revitalization funds and public institutions" Session Chair: HIROSE Sumio (Assistant Professor, Faculty of Economics, Shinshu University) 9:00-9:20 Presentation: "Bank-Firm relationship and choices in legal bankruptcy proceedings of SMEs" - XU Peng (Faculty Fellow, RIETI / Professor, Faculty of Economics, Hosei University) 9:20-9:40 Presentation: "Relationship between regional revitalization funds and regional financial institutions" - MATSUO Junsuke (Professor, Faculty of Business Administration, St. Andrew's University) 9:40-10:00 Presentation: "Policy deployment and the role of regional financial institution in SME revitalization" - TAGASHIRA Shoichi (Professor, Law School, Sophia University) 10:00-10:20 Comments - YASUDA Takehiko (Faculty Fellow, RIETI / Professor, Faculty of Economics, Toyo University) 10:20-10:40 Discussion 10:40-10:50 Coffee Break 10:50-12:30 Session 4: "Is the market for indirect financing competitive? Impact of the restructuring of financial institutions" Session Chair: UEMURA Shuichi (Senior Fellow, RIETI) 10:50-11:10 Presentation: "Financial institutions and contestability of the financial market" - TSUTSUI Yoshiro (Faculty Fellow, RIETI / Professor, Institute of Social and Economic Research, Osaka University) 11:10-11:30 Presentation: "Consolidation of cooperative (shinkin) banks in Japan: Causes and consequences" - TSURU Kotaro (Senior Fellow, RIETI) 11:30-11:50 Presentation: "Effects of bank mergers and acquisitions on small business lending" - Allen N. BERGER (Senior Economist, Financial Studies Section, Division of Research and Statistics, The Federal Reserve Board) 11:50-12:10 Comments - TAKATA Hajime (General Manager / Chief Strategist, Fixed Income Research Dept., Fixed Income Group, Mizuho Securities Co., Ltd.) 12:10-12:30 Discussion 12:30-13:30 Lunch 13:30-14:30 Presentation: "Future of the Japanese Financial System" - IWATA Kazumasa (Deputy Governor, Bank of Japan) 14:30-14:50 Coffee Break 14:50-16:50 Panel Discussion: "A Wish List for the Japanese Financial System - what is it lacking?" Coordinator: UEMURA Shuichi (Senior Fellow, RIETI)Discussants: - OKINA Yuri (Chief Senior Economist, Economics Department, The Japan Research Institute, Limited.) - KAWAKAMI Naotaka (Director for Banks Division II, Supervisory Bureau, Financial Services Agency) - Mark M. SPIEGEL (Vice President, International Research / Director, Center for Pacific Basin Studies, Federal Reserve Bank of San Francisco) - FUJII Yoshihiro (Senior Staff Writer, Economic News Department, Editorial Bureau, Nihon Keizai Shimbun, INC.) - YAMORI Nobuyoshi (Professor, Graduate School of Economics, Nagoya University) 16:50-17:00 Closing Remarks: OIKAWA Kozo (Chairman, RIETI) * The agenda is subject to change. Events Symposiums Workshops BBL Seminars Archived Seminar Series Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. In the case of reposting material from our website, contact us beforehand. Top