New Developments for Japanese and Chinese Firms
In recent years, the Chinese and Japanese economies have been going through profound changes. China has been shifting to a consumption-led, service oriented economy featuring massive amounts of outbound foreign direct investment (FDI). Moreover, its domestic non-market business environment has been shifting due to the Chinese government’s creation of Free Trade Zones and implementation of anti-monopoly and anti-terrorism rules, among other things. Pursuant to Abenomics, Japan has been undertaking numerous policies to end its persistent deflation and stimulate investment and consumption. These range from lowering interest rates to promulgating new rules relating to corporate governance to adopting special zones to test different kinds of regulations to supporting outward FDI by Japanese firms. The bilateral, regional and global political-economic landscapes that define these business activities also are evolving. All these changes may lead to qualitatively different economic activities in both China and Japan. As such, they may have significant implications for Chinese investment in Japan, Japanese investment in China, bilateral trade volumes and patterns, tourism, and other economic dynamics between these two economic giants. To bolster our knowledge about these developments, the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations (USA) and the College of Business, Rikkyo University (Tokyo, Japan) have organized an international confernece. The conference, co-sponsored and hosted by Rikkyo University, will be held on Friday, December 9 and Saturday, December 10 on the campus of Rikkyo University. The workshop will provide an opportunity for participants to examine the latest developments in the business environment within China and Japan, in the bilateral relationship, and the broader regional and global context. It also will offer an opportunity for them to contemplate how these developments are affecting the aforementioned economic areas and how changes in these areas may be influencing broader bilateral political-economic dynamics. Registration is required.