Following an invitation from the Van Riemsdijk Chair in Entrepreneurship in cooperation with the Minister for Social Affairs of the Principality of Liechtenstein, Kiyohiko G. Nishimura, a professor at the University of Tokyo and former deputy governor of the Japanese Central Bank, will visit the University of Liechtenstein on 6 May 2013.
Following an invitation from the Van Riemsdijk Chair in Entrepreneurship in cooperation with the Minister for Social Affairs of the Principality of Liechtenstein, Kiyohiko G. Nishimura, a professor at the University of Tokyo and former deputy governor of the Japanese Central Bank, will visit the University of Liechtenstein on 6 May 2013.
In his public lecture, to be held in English, visiting speaker Professor Nishimura will talk about financial policy and demographic structural change. The Minister for Social Affairs of the Principality of Liechtenstein, government councillor Dr. Mauro Pedrazzini, will open the event with information on his new ministry, and introduce the internationally sought-after speaker.
Subsequent to Professor Nishimura’s lecture, there will be a drinks reception, which will provide participants with an opportunity to speak in person with Professor Nishimura and government councillor Dr. Mauro Pedrazzini. The lecture will be held in the University of Liechtenstein’s auditorium, on Monday, 6 May 2013, from 4.30 p.m. to 6.00 p.m. No registration is required for the event.
The Minister for Social Affairs of the Principality of Liechtenstein, government councillor Dr. Mauro Pedrazzini, will open the event.
Crisis and demographic change
In his lecture, Professor Nishimura will initially address fundamental trends in the global economy. Drawing on the experiences of Japan since the housing bubble burst at the end of the 1990s, he will go on to focus on the challenges faced by a nation’s financial policy as a result of demographic changes. Here, he will specifically present the fund-provisioning measure as an innovative control approach used by the Japanese Central Bank to enable private initiatives financing of socially orientated projects, thereby providing long-term impetus for growth in the public sphere.
The introduction by the Bank of England of the Funding for Lending scheme is an indication that such innovative approaches within financial policy have the potential to overcome the well-documented “care crisis”.
A scientist with global influence
Professor Nishimura is a professor of Economics at the University of Tokyo, where he completed his degree in Economics in 1977. He obtained his PhD in Economics at Yale University. From 2005 to 2008, he was a member of the policy board at the Japanese Central Bank, acting as its economic advisor; from 2008 to March 2013, he served as the bank’s deputy governor.
Professor Nishimura is especially influential in the debates regarding macroeconomic monitoring and controlling, especially with regard to the significance of demographic factors for housing bubbles, financial crises and the shaping of financial policy. His works and lectures on demographics and economic policy have been frequently referenced in scientific research, and have met with broad recognition among political decision-makers in the United States, Europe and Asia.
Care-market research project
The visiting speaker’s lecture is being held as part of an ongoing research project at the University of Liechtenstein into the prospects for growth within the care market. The research project focuses on developing strategies for the market positioning of care services, procedure models for the positioning of care provision companies, as well as recommendations for politicians concerning the structuring and regulation of the care market.
The research project is being carried out in collaboration with the Institute for Institutional and Heterodox Economics at the Vienna University of Economics and Business as well as with the Ministry for Social Affairs of the Principality of Liechtenstein. Additional information can be found at http://bit.ly/1879Gwx.
Lecture by Professor Kiyohiko G. Nishimura
Followed by a drinks reception
Monday, 6 May 2013, 4.30 p.m. to 6.00 p.m.
Auditorium of the University of Liechtenstein
Additional information at www.uni.li