Posted at May 8, 2015, by Raleigh Addington, Comments Off on Prominent economist Koichi Hamada advises Japan “not to join China’s new investment bank”
Writing in Project Syndicate, Koichi Hamada, Special Economic Adviser to Japanese Prime Minister Shinzo Abe, has advised Japan “not to join China’s new investment bank until its structure and rules are clearer.”
Professor Hamanda notes that economic integration is currently a hot topic in the region, as Asia becomes more interconnected than ever. He sees why some observers may find the notion of increased monetary integration – even the establishment of a fixed exchange-rate regime – highly appealing, but argues “that the flexible exchange rates that prevail today remain Asia’s best bet for boosting prosperity and protecting it from shocks.”
“Another strong reason why Japan should wait,” Professor Hamanda writes, “is for macroeconomic stability.” He demonstrates how misallocation of capital and poor investment decisions in China can raise serious risks, which may spread to China’s neighbours and raise the danger of another large-scale international crisis.
He warns that “beyond the fact that China will be in charge, almost nothing is known about the bank or its financing rules. Given this, it seems logical for countries like Japan to wait and see before deciding whether to join the AIIB.”
Posted at March 16, 2015, by Raleigh Addington, Comments Off on Chartwell in Japan
Alex Hickman (Chartwell’s CEO) and Raleigh Addington (Chartwell’s Asia Pacific MD) are back from a marketing trip to Tokyo (just missing the Cherry Blossom!). They met with a number of existing clients including UBS, JP Morgan and Schroders, and also the British Embassy who have linked Chartwell with some new, exciting opportunities in the Japanese market. Raleigh is already planning his next trip there.
Chartwell also met with many high profile speakers, who are frequently called upon to offer thought-provoking analyses of the world’s third largest economy, and where it is heading. Featured below are just a few of the great Japanese speakers now included on Chartwell’s ever-growing roster:
Clay Chandler – Asia Editor for Fortune (2001-08) and McKinsey & Company (2008-13), and a leading analyst of Asia’s key economies.
Ichiro Fujisaki – Japan’s Ambassador to the USA (2008-12), who provides fascinating insight into Japanese foreign policy.
Takuji Okubo – Chief Economist (Tokyo) for Société Générale (2010-12), and a leading Japanese economist who argues that Japan is heading towards a collapse in 2017.
Eisuke Sakakibara – Japan’s Vice Minister of Finance (1997-99), during which time he earned the nickname “Mr. Yen” for his influence over currency markets.
Heizo Takenaka – Minister for Financial Services, Economic and Fiscal Policy in Japan (2001-05), and a specialist on the Japanese economy and political landscape.
Raleigh is based in Hong Kong and will be in travelling Singapore, Seoul, Shanghai and Beijing in the coming weeks. He’d be delighted to tell you more about the thought leadership from the area, and help you plan for your next event: e-mail him at email@example.com or give him a call on +852 5512 9714.
Posted at June 12, 2013, by Raleigh Addington, Comments Off on Merryn Somerset Webb on the Tokyo tumble
‘The Tokyo tumble doesn’t bother me a bit’ is Merryn Somerset Webb, Editor-in-chief of MoneyWeek’s most recent article in the Financial Times. Discussing the sudden drop in Japan’s stock market, following its incredible rise only a few weeks ago, Merryn, an expert finance speaker, maintains that this is not something to be worried about and that these are natural highs and lows which will correct themselves.
Suggesting the fall “has been hugely exacerbated by the skittishness of all investors, domestic and foreign, and by their obsession with central banks”, Merryn advocates her long-standing belief that investment is better left to part-timers and in these situations long-term fundamental investors should “mostly be sitting this kind of thing out.”