Fiscal Crises in Advanced Economies 1/2

What is the implication of the mounting debt of Japan and Europe? What can Europe and the world do to rescue the Euro? What should Japan do to protect its own economy and manage its fiscal deficit?

G1 Global Conference 2011: Breakout Panel Session III-A – Fiscal Crises in Advanced Economies 1/2

< Panelists >
Keiichiro Asao
Member of the House of Representatives

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

Thierry Porté
Operating Partner, J.C. Flowers & Co. LLC

< Moderator >
Hiromichi Mizuno
Partner, Coller Capital

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Chair of the Policy Research Council, Your Party. Received a Bachelor of Law from the University of Tokyo and joined Industrial Bank of Japan (IBJ) in 1987. Acquired a Master of Business Administration from Stanford University in 1992. Nominated as one of the "Young Global Leaders" by the World Economic Forum. Elected to the House of Councilors (Kanagawa district) in 1998. Re-elected to the House of Councilors in 2004. Elected to the House of Representatives (proportionally represented constituency of South Kanto region block) in 2009.

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.

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.


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.