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Future of Japan's Economy Subject of Toshiba Symposium November 16th

November 9, 2001

November 9, 2001, Greencastle, Ind. - What will it take for Japan's economy, once the envy of the world, to regain its momentum? That question will be discussed Friday, November 16, 2001 on the DePauw University campus at the third and final Toshiba Symposium of the semester, "Current Conditions and Future Challenges." The symposium will begin at 11:15 a.m. in Watson Forum, then move to the Union Building Ballroom for lunch and a second presentation, which will conclude by 1:30 p.m.

"Now that it has been confirmed that the U.S. economy is in recession, the focus has turned to the question of the recession's duration. Japan may be a worthwhile case to ponder in this regard," says Paul B. Watt, University Professor and Director and Professor of Asian Studies. "Having been a model of economic growth from the 70s through the early 90s, the Japanese economy has fallen on hard times over the last decade. Government and business leaders have struggled to restructure and stimulate the economy, but without results. And, as we noted in the last Toshiba symposium, Japan faces some major problems with clear economic consequences, among them a declining birthrate and a rapidly aging population."

Two guests will share their perspectives at the symposium. Bruce R. Dalgaard is the Husby-Johnson Professor of Business and Economics and Professor of Asian Studies at St. Olaf College. He has published in the areas of macroeconomics and monetary policy, among others. Dalgaard has been a Fulbright Scholar at Chiba University and a visiting professor in the International Division of Waseda University. At the Toshiba symposium, he provide an overview of what the Japanese have done to stimulate their economy and evaluate the results.

The second guest, John C. Campbell, is professor of political science and the co-director of the Japan East College 2005 1.jpgTechnology Management Program at the University of Michigan. He has a special interest in the relationship between politics and substantive public policy, with a recent focus on health care and Japan's new long-term-care insurance system. At the symposium, Campbell will detail the significant economic implications of the "graying" of Japanese society.

Everyone in the DePauw community is welcome to attend the sessions and enjoy a free lunch, courtesy of the symposium's sponsor, The Toshiba Foundation. If you wish to attend the luncheon, please RSVP to Dr. Watt by clicking here.

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