G1 Global 2013: Monetary Policy of Abenomics: Overview and Impact

By Shawn D. Baldwin, Jesper Koll, Oki Matsumoto, Thierry Porté and Hiromichi Mizuno.

< Session Title >
G1 Global Conference 2013
Breakout Panel Session II <A >
Monetary Policy of "Abenomics": Overview and Impact

< Date > September 16, 2013
< Venue > GLOBIS University, Tokyo Campus
< Duration > 1:18:22

< Session description >
The central plank of Abenomics has so far been overwhelmingly focused on the "first arrow" -- the monetary policy to re-boost the Japanese economy. The Bank of Japan's bold easing strategies have successfully induced improvements in economic sentiment and bolstered consumer spending. But as the initial enthusiasm is beginning to wane, can these reflationary policies really drag Japan out of deflation? What are the repercussions for the global economy? Experts from the US, the UK and Japan will explore these questions.

Panelists
Shawn D. Baldwin
Chairman, Capital Management Group

Jesper Koll
Managing Director and Head of Japanese Equity Research,
JP Morgan Securities Japan

Oki Matsumoto
Chairman and CEO, Monex Group, Inc.

Thierry Porté
Managing Director, J.C. Flowers & Co. LLC

Moderator
Hiromichi Mizuno
Partner, Coller Capital

Panelist

Shawn D. Baldwin is Chairman of Capital Management Group (CMG), an investment management and research firm. CMG provides trading, advisory, and investment banking services to countries and institutions. Since 2002, CMG participated in 75 capital markets transactions with a valuation of over $68 billion for companies such as Google, General Electric and the New York Stock Exchange.

CMG built a global network via its economic conferences of academics and institutional investors gathered to discuss macroeconomic trends. Prior to CMG, Baldwin was C.O.O. of a publicly traded registered investment advisory, he also worked for American Express and US Bancorp (10th largest US bank). Baldwin has a Masters in Financial Strategy from the University of Oxford, and also completed the Oxford Global Investment Risk Management Programme. Baldwin graduated with honors from Antioch University with a BA in Management. Mr. Baldwin successfully completed Harvard Business School’s Private Equity and Venture Capital along with Harvard’s John F. Kennedy School program on Investment Decisions and Behavioral Finance. Baldwin was the 2nd African-American member of the Chicago Stock Exchange, has passed series 7, 63 and 24 license designations. Baldwin is a member of the CFA Institute and the Association for Investment Management Research.

Mr. Baldwin has been featured in The Economist, Business Week, Forbes, Fortune, & Money, Investment Dealer’s Digest (Top 40 Investment Bankers under 40), Black Enterprise’s Top 75 Blacks on Wall Street and America’s Most Powerful Players: The Hotlist of Top 40 under 40. Mr. Baldwin has been a participant and a speaker at the Money Summit, Milken Global Institute, Fortune’s Global Forum, and Forbes CEO Forum. Baldwin is a financial contributor to Forbes and Fast Company magazine for Finance, Trading and Capital Markets. Mr. Baldwin has been a television contributor to Bloomberg, CNBC, CNN, CBS and NBC.

Koll has been researching and investing in Japan since becoming a resident in 1986. Before joining JP Morgan in December 2009, he was the president and CEO of Tantallon Research Japan KK, a Tokyo-based investment advisory firm he set up in June 2007. Previously, he served as the chief economist of Merrill Lynch Japan for eight years. Before that, he was a Managing Director at the Tiger Fund and before that he was the Chief Economist for JP Morgan in Tokyo. For the first three years of his Japan experience, he worked as an aide to a Member of Parliament. Over the past two decades, Koll has been consistently ranked as one of the top Japan strategists/economists. His analysis and insights have earned him a spot on several Japanese government advisory committees. He has written two books in Japanese, Towards a New Japanese Golden Age and The End of Heisei Deflation. He is also one of the few non-Japanese members of the Keizai Doyukai, the Japan Association of Corporate Executives. Jesper has a Masters degree from the School of Advanced and International Studies at Johns Hopkins University and was a research fellow at both Tokyo University and Kyoto University. He is a graduate of the Lester B. Pearson College of the Pacific.

Born in 1963. BA in Law from the University of Tokyo (1987). Began his career at Salomon Brothers Asia and joined Goldman Sachs Japan in 1990. He was the head of their fixed income and currency business and became General Partner in 1994 at the age of 30, the youngest ever at that time. In 1999, he founded Monex which was jointly capitalized with Sony. Monex integrated its business with Nikko Beans and established Monex Beans Holdings, Inc. (now Monex Group, Inc.) in 2004 where he is presently Chairman & CEO. Monex Group, Inc. is a global online financial institution with operations in three major financial centers. Monex, Inc. in Japan, TradeStation Group, Inc. in the United States, and Monex Boom Securities Limited in Hong Kong. The group has over 900 employees worldwide with over half of its staffs located in the United States. He was an outside director of Tokyo Stock Exchange (2008-2013), and presently is an outside director of Kakaku.com (2010-), a councilor of International House of Japan (2012-).

Thierry Porté is an Operating Partner of J.C. Flowers & Co. LLC, a private equity firm focused exclusively on financial services. In this capacity, he currently serves as CEO of NPG Wealth Management, a Luxembourg-based insurance group, Chairman of Equita, a Milan-based investment bank, Director of Compagnie Européenne de Prévoyance (CEP), a Nantes-based insurance brokerage firm, and a Board observer of Sicom, a Mumbai-based non-bank financial services company. Mr. Porté worked previously at Shinsei Bank, Ltd.,Tokyo, where he served as Vice Chairman (2003-2005) and President and CEO (2005-2008). From 1982 to 2003, he served in various capacities at Morgan Stanley in New York, London and Tokyo, including as President and Branch Manager of Morgan Stanley Japan (1995-2003).
Mr. Porté holds an A.B., magna cum laude and Phi Beta Kappa, in Economics from Harvard College and an MBA with high honors from Harvard Business School. He has held leadership roles in a number of Harvard related activities, including serving as President of the Harvard Club of Japan (1995-2008) and currently as a member of the Board of Dean’ s Advisors of Harvard Business School. He is Chairman of the Japan-US Friendship Commission and the US-Japan Conference on Cultural and Educational Interchange, appointments designated by the President of the United States.

Moderator

Hiromichi Mizuno is a Partner and Head of Asia at Coller Capital. He is responsible for deal origination, execution and monitoring of investments. Prior to joining Coller Capital in 2003, Hiro held senior posts as Head of Sumitomo Trust's private equity investment and Japanese corporate finance divisions in New York. He was also Vice President of the International Credit Department at Sumitomo Trust, Tokyo. Hiro holds a Bachelors of Law degree from Osaka City University, Japan, and an MBA from J.L. Kellogg Graduate School of Management, Northwestern University. Hiro serves on the advisory committees of Advantage Partners, Globis Fund and JAFCO in Japan; First China Development Fund in Hong Kong; Silver Biotech Management in Taiwan; ICICI Venture Fund and Leverage India Fund in India; Vintage I in the UK; Dyna Fund in the US; and Terra Firma Deutsche Annington in Germany. He is also an advisor for Hiroshima Innovation Network Inc. and JustGiving Japan Foundation. He is a Guest Associate Professor at Osaka University Graduate School of Medicine.

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