The Nineteenth Edition of Roundtable Japan
Tokyo, 24 - 25, October 2023
Time for Japan to Ramp Up its Act?
- Assessing the impact of:
– The euro zone deteriorating growth outlook
– The Fed’s continuing monetary tightening and of political polarization in US paralyzing economic policy
– The uncertainties on China’s growth prospects.
- How will these external factors and domestic conditions – labor shortage, inflation prospects etc. – determine Japan’s economic outlook in 2024?
Compared to its partners from the G7 group, Japan has taken what is seen as a hybrid strategy to achieve its energy transition goals, considering that its specific conditions – the country geography, the 94% dependency on imports for its primary energy supply, the 80% share of mountains of the country’s landmass.
- Is the strategy too weak with respect to decarbonization goals?
- Is the target of renewables accounting for 36-38% of power supplies by 2030 not ambitious enough?
- Is the increase in LNG imports and investment in this domain running against the concerns of Japan’s G/ partners about the environmental effects of increased fossil fuel use?
- What kind of adjustments are needed for Japan in a context where all its major economic partners – the US, the EU, China, India – are either openly embracing officially industrial policy practices or expanding them?
- How could a revisited industrial policy crucially help GX and DX transitions?
- Is the model of supporting with public money the development of private businesses in sectors deemed “strategic” politically sustainable?
- What is required for an updated industrial strategy for Japan’s semiconductors sectors to work in view of the competition of the US, China, Taiwan, and Korea?
With a Keynote speaker