March 3rd 2022

The 30th IIMA International Financial Symposium
"Global Economy in Uncharted Territory:
Challenges and Opportunities ahead"

On March 3, the 30th International Finance Symposium "Global Economy in Uncharted Territory: Challenges and Opportunities ahead" was held. Almost two years have passed since the outbreak of the COVID-19 crisis, but the path toward a post-COVID-19 world remains unclear, and the Russian-Ukrainian conflict erupted amid global supply chain disruptions, rising inflationary pressures, and uncertainty about the future of monetary and fiscal policy normalization. In addition to the long-term effects of the pandemic, the world economy is in uncharted territory with structural problems such as worsening climate change issues and intensifying global political and economic competition. With the awareness of these issues, we invited prominent experts from Japan and abroad to discuss various economic policy issues.

The panelists' presentations focused on the risks of accelerating inflation and economic slowdown associated with the Ukraine conflict, the outlook for monetary and fiscal policies that reflected the different degrees of recovery in each country and region, the still significant negative impact of the COVID-19 crisis in China and ASEAN, and the status of Japan's efforts to address structural issues to overcome low inflation and low growth. In the panel discussion, there was a lively debate on many issues, including how to view inflation risks in light of the situation in Ukraine, the evaluation of economic and financial sanctions against Russia, the role of finance in the climate change issue, the outlook of the Chinese real estate market, and the need to address the debt problems of developing countries.

For more details, please refer to each presentation slide or our Occasional Paper No.39.
 

Date and Time

March 3rd, 2022 (Thursday), 20:00 - 22:00 (JST), 19:00 - 21:00 (SGT) 

               12:00 - 14:00 (CET), 6:00 - 8:00 (US ET), 3:00 - 5:00 (US PT)

Progress Lecture and Panel Discussion
Event Style Virtual Event via Zoom
Language

English (Simultaneous translation to Japanese)

Video Click here (YouTube)

Panelists (in alphabetical order)

  Masato Kanda                                                                               Presentation slides
  Vice Minister of Finance for International Affairs, Ministry of Finance, Japan

  

Masato Kanda is Vice Minister of Finance for International Affairs, Japanese Ministry of Finance. Since he joined the ministry in 1987, he has held many senior positions, including Deputy Director General of the Budget Bureau (2017‐2018), Deputy Vice‐Minister for Policy Planning and Coordination (2019), and Director‐General of the International Bureau (2020). He has previously held senior roles at the World Bank and OECD. He serves as Chairman for the Corporate Governance Committee, OECD (2016‐ ). He obtained his M.Phil in Economics from Oxford University in 1991 after his B.A. in Law and Politics from the University of Tokyo in 1987.


John Lipsky
Senior Fellow, Foreign Policy Institute of Johns Hopkins University’s
Paul H. Nitze School of Advanced International Studies
Former First Deputy Managing Director of the International Monetary Fund

John Lipsky is a Senior Fellow of the Foreign Policy Institute of Johns Hopkins University’s Paul H. Nitze School of Advanced International Studies (SAIS) in Washington, DC. Prior to joining SAIS in 2012, he had served as the International Monetary Fund’s First Deputy Managing Director. He currently serves as the Chair of the National Bureau of Economic Research (NBER), the Co-Chair of the Aspen Institute’s Program on the World Economy, as Vice Chair of the Center for Global Development, and as Vice Chair of the Bretton Woods Committee. 


Lorenzo Bini Smaghi                                                                    Presentation slides
Chairman of the Board of Directors of Societe Generale
Former Member of the Executive Board of the European Central Bank

Lorenzo Bini Smaghi is currently Chairman of Societe Generale. He was previously member of the Executive Board of the ECB. He started his career at Banca d’Italia and moved thereafter to the European Monetary Institute and the Italian Treasury as Director General for International Affairs. He has an extended experience in several companies’ boards. He graduated in Economics at the Université Catholique de Louvain and obtained a PhD in Economics at the University of Chicago.


Chantavarn Sucharitakul                                                               Presentation slides
Assistant Governor of the Bank of Thailand

Chantavarn Sucharitakul is the Assistant Governor of the Communications and Corporate Relations Group at the Bank of Thailand. She is a career central banker who has assumed several key managerial roles with responsibilities ranging from monetary policy, banking supervision, financial sector development to international cooperation. She was also appointed Alternate Executive Director of the South East Asia Voting Group at the IMF in Washington D.C. between 2006-2008. She holds a Master Degree in Development Economics from Australian National University and attended the Advanced Management Program (AMP 179) at Harvard Business School in 2010.


Wu Qing                                                                                     Presentation slides
Member of Academic Committee of Macro Forum of China Development Research Foundation
Former Senior Research Fellow at Development Research Center (DRC) of the State Council

Wu Qing is a member of Academic Committee of Macro Forum of China Development Research Foundation (CDRF), former Senior Research Fellow at Development Research Center (DRC) of the State Council. Mr. Wu has 20 years’ experience on public policy research and decision-making consultant at DRC. He was the chief economist at one of the China’s big four AMCs, and served as independent non-executive directors at two banks. He was an adjunct professor at the Dalian University of Technology, and currently he begins his adjunct teaching career at the School of Business, China University of Political Science and Law.


Moderator

Hiroshi Watanabe
President, Institute for International Monetary Affairs

Hiroshi Watanabe after graduating from the University of Tokyo joined the Ministry of Finance of Japan (MOF) in 1972. Before retiring as Vice Minister of Finance for International Affairs in 2007, he occupied various senior positions in the Taxation Bureau and others at the MOF. He later took high positions in the Japan Policy Bank and the Japan Bank for International Cooperation (JBIC) before his appointment as the President of JBIC in 2013. Since October 2016 he has been the President of the IIMA.