Abenomics and Japan’s Economy: Getting from Policy Enthusiasm to Sustainable Prosperity

By Brian Heywood, Florian Meyerhoefer, Ken Shibusawa and Jesper Koll.

< Session Title >
G1 Global Conference 2014
Breakout Session I <A >
Abenomics and Japan's Economy: Getting from Policy Enthusiasm to Sustainable Prosperity

< Date > September 15, 2013
< Venue > GLOBIS University, Tokyo Campus
< Duration > 1:16:15

< Session description >
Yes, 'Abenomics' has become a real game changer for Japan. For the first time in over a decade, policy makers are not just decisively pro-growth, but openly promoting deep-rooted reforms and deregulation. This panel will explore how Abenomics has impacted real-world decision making so far, and what needs to be done to create more lasting growth and investment opportunities. In addition to real-world examples and lessons from hands-on entrepreneurs, the panel will also offer an expert insight how Germany's Reform Agenda successfully turned Germany into a growth powerhouse.

Brian Heywood
Chief Executive Officer and Founding Partner
Taiyo Pacific Partners

Florian Meyerhoefer
Financial Counsellor
Embassy of the Federal Republic of Germany in Japan

Ken Shibusawa
Chairman, Commons Asset Management, Inc.

Jepser Koll
Managing Director, JP Morgan Securities Japan


Brian graduated from Harvard University in 1991 with an honors degree in East Asian Studies. Prior to graduation he spent 3 years living in Japan as a missionary and as a student. After graduation, he joined JD Power and Associates and aided in the establishment of the Japanese and Asian operations of JDPA and the development of the JDPA business model in Asia. Mr. Heywood served on the board of directors of JD Power Asia and JD Power Korea where he had the opportunity to interact with the board of directors and management of nearly every automotive company in the world as well as hundreds of Japanese chief executive officers and other senior management officials. His interaction was directed at supporting management in driving internal change. In 1997, he joined a British firm, Belron International, as Director of Business Development and Operations for nine Asian countries, including Japan. During his two years with Belron, he lived in Singapore before returning to Japan in 1999 to join Citibank as Vice President and Head of Sales for its 22 retail branches. Mr. Heywood speaks and reads Japanese fluently.

2008-2009 Executive Master of public Management, Scholarship of the German Federal Government, Hertie School of Governance, Germany / London School of Economics, UK
1997-2000 Doctorate in Economics, Scholarship of the Federation of German Industry, Freie Universität Berlin, Germany
1991-1997 Master in Economics, Freie Universität Berlin, Germany
1993-1994 Licence ès Sciences Economiques, Université Pierre Mendès-France, Grenoble, France
Professional Experience:
Sept. 2011- Financial Counsellor, German embassy in Tokyo
2010-2011 Senior Economist, Cabinet Office, Federal Ministry of Finance
2006-2010 Senior Economist, Department of European Politics, Federal Ministry of Finance
2003-2006 Advisor, Office of the German Executive Director, International Monetary Fund, Washington
2000-2003 Economist, International Department, Federal Ministry of Finance

After graduating from the University of Texas in 1983 with a degree in chemical engineering and obtaining an MBA from the University of California, Los Angeles in 1987, he worked in the Japanese financial markets with JP Morgan and Goldman Sachs, and then joined Moore Capital Management, a global macro hedge fund. In 2001, he established Shibusawa & Co., an investment advisory firm, and later co-founded Commons Asset Management in 2008. He is a also a director of Eiichi Shibusawa Memorial Foundation, director Keizai Doyukai (Japan Association of Corporate Executives), and is on the board of directors of several other non profit organizations.


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.