June 2nd, 2025
【2nd Event of IIMA's 30th Anniversary Program】
Changing Trends in the Global Economy and Growth Strategies for Japan and Asia
IIMA held the second of twelve events in its 30th Anniversary Program "The Turbulent Global Situation and the Future of the Japanese Economy and the Yen," a webinar titled "Changing Trends in the Global Economy and Growth Strategies for Japan and Asia."
In recent years, the global economic order has undergone major changes, including de-globalization, slow trade, the shift to a service economy, the prolonged U.S.-China confrontation, and the slowdown of China's economic growth. Trade policies such as mutual tariffs announced by the second Trump administration in the U.S. have further increased uncertainty in the global economy and financial markets, and this could be a turning point in the global economic order. While Asian countries other than China are seeking to mitigate the negative effects of bilateral negotiations with the U.S. and expect to benefit from a shift in exports and investment from China, they are also increasingly concerned about damage to their domestic industries from the influx of cheap Chinese goods.
This webinar provided an overview of the changing trends in the global economy and discussed the possible impact of the second Trump administration's trade policies on the global economy, growth strategies that Asian countries including Japan can adopt, and the responses required from companies.
| Date ＆ Time | Monday, June 2, 2025, 10:00-11:30 (JST)/9:00-10:30 (SGT) |
|---|---|
| Host | Institute for International Monetary Affairs (IIMA) |
| Progress | Panelist Presentations and Panel Discussion |
| Event Style | Virtual Event via Zoom |
Panelists (in speaking order)
Takatoshi Ito Presentation Slides
Professor, Columbia University
Takatoshi Ito, Professor at Columbia University, has taught extensively both in the US and Japan since finishing his Ph.D. in economics at Harvard University. He taught at the University of Minnesota, Hitotsubashi University, and the University of Tokyo, and he was President of the Japanese Economic Association in 2004. Ito served as Senior Advisor in the Research Department at the International Monetary Fund, Deputy Vice Minister at the Ministry of Finance of Japan, and a member of the Prime Minister's Council on Economic and Fiscal Policy.
Yasuyuki Todo Presentaion Slides
Professor, Waseda University
Yasuyuki Todo, a Ph.D. in economics from Stanford University, has been a Professor at the Graduate School of Economics, Waseda University since 2014, after serving as the Department Head at the Department of International Studies, the University of Tokyo. He is also a Program Director at Research Institute of Economy, Trade and Industry. His research fields are empirical international economics and development economics, currently. He has published nearly 70 academic papers in refereed journals including Nature Sustainability, Research Policy, and World Development. He is ranked top 0.5% in economics and 9th in economic impact analysis based on academic publications in the recent 5 years, according to ScholarGPS.
Moderator
Hiroshi Watanabe
President, Institute for International Monetary Affairs (IIMA)
Hiroshi Watanabe after graduating from the University of Tokyo joined the Ministry of Finance, Japan (MOF) in 1972. Before retiring as Vice Minister of Finance for International Affairs in 2007, he occupied various senior positions at the MOF. He later took high positions in Japan Finance Corporation before his appointment as the President of the Japan Bank of International Coopertion (JBIC) in 2013. Since October 2016 he has been the President of the IIMA.