2/21/13: NEC w/Jun Saito, Japan Center for Economic Research (JCER): “What Japan Found in the Two Lost Decades: An Appraisal of the Abe-nomics”

  • 21 Feb 2013
  • 12:00 PM - 1:30 PM
  • Chinatown Garden Restaurant 618 H St NW


  • Members of SGE, NABE and certain other groups
  • This category of registration is for our larger institutional members only for registration. Regular members of NEC please use the MEMBER category to register.
  • Current JHU/SAIS Students with ID at the door
  • Registrant is a current member of the NEC.

Registration is closed


Jun Saito

Senior Research Fellow

Japan Center for Economic Research (JCER)

Project Professor, Keio University

“What Japan Found in the Two Lost Decades:  An Appraisal of the Abe-nomics”

Between 2002 and 2008, the Japanese economy recorded the longest expansionary phase in the post-war period. Yet, Japan is considered to have wasted two decades since 1990s. I will discuss the structural weaknesses of the current Japanese economy, and outline the required set of economic policies. In doing so, I will also appraise the approach taken by the Abe-nomics. 

Jun Saito received Bachelor and Master of Economics degrees from the University of Tokyo before joining, in 1978, the Economic Planning Agency, which later became the Cabinet Office, of the Japanese Government. During his career in the Government, he gained wide range of experience in economic research, economic forecasting, economic planning, and macroeconomic policy coordination. The senior positions he held at the Cabinet Office include Director-General of the Economic Research Bureau (2007~2012), serving as the Government’s chief-economist; and Deputy Director-General for Economic and Fiscal Management (2005-2007), being in charge of monetary policy and the secretariat of the Council for Economic and Fiscal Policy. Over the period, he was also the Head of the Office for Econometric Analyses (2005~2009), providing simulations to facilitate discussions on fiscal consolidation, among others.

He also spent some time outside the Government which gave him wider perspective. He studied at the University of Oxford (M.Phil. in Economics) under the Government Scholarship Program (1982-1984); worked as a country-desk economist in the European and Asian Departments in the International Monetary Fund (IMF) (1987-1990); and was a senior economist responsible for short-term forecasting at the Japan Center for Economic Research (JCER) (1996-1998). He has also been an Adjunct Lecturer at the Graduate School of Aoyama Gakuin University (1993-present), teaching macroeconomics.

In April 2012, he became the Senior Research Fellow of the JCER. In May same year, he also became the Project Professor in charge of Leading Graduate School Program, a program devoted to equip graduate students to become future global leaders, at the Keio University. He teaches at the Faculty of Economics and the Graduate School of Public Policy of the University of Tokyo as well.

His publications include;

“European Monetary Integration and Macroeconomic Policies” (in Japanese), in Annals of the Japan Association of EC Studies, No.13, 1993, pp. 134-153.

“The Japanese Business Cycle After 1991: How is it Different, and Why?” Journal of Asian Economics, Vol.8, No.2, summer 1997, pp. 263-293.

“Declining Population and Sustained Growth: Can They Coexist?” with Yutaka Kosai and Naohiro Yashiro, American Economic Review, Papers and Proceedings, May 1998, pp. 412-416. 

“International Policy Coordination in an Era of Globalization” (in Japanese) in Takao Komine, Yutaka Harada, and Isamu Miyazaki (eds.), For the Revitalization of the Japanese Economy, Iwanami Shoten, 2000.

“Structural Reform to Transform the Japanese Economy” (in Japanese) in Ryuzo Miyao (ed.), Corporate Structural Transformation in Japan, Research Institute for Economics & Business Administration, Kobe University, 2004.

More recent papers include;

“Debt Sustainability in Japan,” paper presented at the Asia Europe Economic Forum (AEEF) Conference held in Seoul, Korea, December 9 -10, 2011.

“Social Security System and Public Finance in an Aging Economy: Japanese Experience and Its Implications for Korea,” paper presented at the Asian Development Bank Institute (ADBI) – North East Asia Research (NEAR) Joint Conference held in Seoul, Korea, March 12, 2012.

Reservations are open through Wednesday, 2-20-13

Press:  Please email :info@national-economists.org with your attendance status and the date of attendance. It will be assumed that lunch is NOT requested.   If lunch is requested, please contact me in advance, prior to the date of the event, for registration and payment instructions.

Credit Card payment is non refundable but you may substitute someone in your place for attendance.