US-Japan Forum: Challenges for the Global Economy
and a Better Globalization
Friday, May 25, 9:00 am – 5:30 pm
Stein Room, The Brookings Institution, 1775 Massachusetts Ave, NW, Washington, DC

Biographies of speakers

Welcome and Opening Remarks
Homi Kharas
Interim Vice President & Director of Global Economy and Development
Brookings Institution
Homi Kharas is the Interim Vice President and Director of the Global
Economy and Development program. In that capacity, he studies policies andtrends influencing developing countries, including aid to poor countries, theemergence of the middle class, and global governance and the G-20. He has served as the leadauthor and executive secretary of the secretariat supporting the High Level Panel, co-chaired byPresident Sirleaf, President Yudhoyono and Prime Minister Cameron, advising the U.N. Secretary
General on the post-2015 development agenda (2012-2013). The report, “A New Global
Partnership: Eradicate Poverty and Transform Economies through Sustainable Development” waspresented on May 30, 2013. His most recent co-authored/edited books are The Imperative ofDevelopment (The Wolfensohn Center at Brookings, 2017), The Last Mile in Ending Extreme
Poverty (Brookings Press, 2015), Getting to Scale: How to Bring Development Solutions to Millions
of Poor People (Brookings Press, 2013); After the Spring: Economic Transitions in the Arab World(Oxford University Press, 2012); and Catalyzing Development: A New Vision for Aid (Brookings
Press, 2011). He has published articles, book chapters and opinion pieces on global development
policy, global trends, the global food crisis, international organizations, the G20, the DAC andprivate philanthropy.

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Kazumasa Kusaka
Chairman and CEO
Japan Economic Foundation
Kazumasa Kusaka has been Chairman and CEO of the Japan Economic
Foundation (JEF) since April 1, 2013, and is also a Professor at University ofTokyo Graduate School of Public Policy. He previously served for 36 years inJapan’s Ministry of International Trade and Industry (MITI), rising to become
vice-minister for international affairs in the reorganized Ministry of Economy, Trade and Industry(METI) in 2004. During his long career in public service, Kusaka was seconded to the International
Energy Agency (IEA)/OECD and was Japan’s senior official for Asia-Pacific Economic
Cooperation (APEC). He played a central role in Asia’s economic integration, promoting FTAs in
the region as well as serving as a senior official negotiating the Doha development agenda of theWTO. He was head of Japan’s Energy Agency and held director-general positions in technology andenvironmental policy in addition to trade and investment-related areas within METI. He was also
instrumental in finalizing the Kyoto Protocol, and developing Japan’s energy and environment
policies. Among many other posts Kusaka has held are Special Adviser to the Prime Minister on
Global Warming, senior vice president of Mitsubishi Electric, executive adviser to Dentsu Inc., andpresident of the Japan Cooperation Center for the Middle East.

Session 1. A Better Globalization
Moderator: Homi Kharas
Interim Vice President & Director of Global Economy and Development
Brookings Institution
See biography at page 1.

Yoichi Otabe
Advisor, NEC Corporation
Former G8, G20 Sherpa
Mr. Yoichi Otabe is currently an Advisor at NEC Corporation. Prior to hiscurrent position, he served as the Ambassador Extraordinary andPlenipotentiary, Permanent Mission of Japan to the International
Organizations in Geneva, during the period between 2011 and 2016. Mr. Yoichi Otabe entered
Ministry of Foreign Affairs of Japan in 1974. In his career he served as the Director-General of2Economic Affairs Bureau (G8 Foreign Affairs Sous-Sherpa, 2007-2008), and Deputy Minister for
Foreign Affairs (G8 ,G20 Sherpa, 2009-2010).

Jonathan Ostry
Deputy Director of Research Department
International Monetary Fund
Jonathan D. Ostry is Deputy Director of the Research Department at theInternational Monetary Fund. His recent responsibilities include leading staff
teams on: IMF-FSB Early Warning Exercises on global systemic
macrofinancial risks; vulnerabilities exercises for advanced and emerging
market countries; multilateral exchange rate surveillance, including the work of
CGER, the Fund’s Consultative Group of Exchange Rates, and EBA, the External Balance
Assessment; international financial architecture and reform of the IMF’s lending toolkit; capital
account management (capital controls and prudential tools to manage capital inflows) and financial
globalization issues; fiscal sustainability issues; and the nexus between income inequality andeconomic growth. Past positions include leading the division that produces the IMF’s flagshipmultilateral surveillance publication, the World Economic Outlook, and leading country teams on
Australia, Japan, New Zealand, and Singapore. Mr. Ostry is the author/editor of a number of books
on international macro policy issues, including, Taming the Tide of Capital Flows (MIT Press, 2017),
and numerous articles in scholarly journals. His work has been widely cited in print and electronic
media, including the BBC, the Economist, the Financial Times, the Wall Street Journal, the New
York Times, the Washington Post, Business Week, and National Public Radio. His work on
inequality and unsustainable growth has also been cited in remarks made by President Barack
Obama. He earned his B.A. (with distinction) from Queen's University (Canada) at age 18, and went
on to earn a B.A. and M.A. from Oxford University (Balliol College), and graduate degrees from theLondon School of Economics (M.Sc., 1984) and the University Chicago (Ph.D., 1988). He is listed
in Who's Who in Economics (2003).

Martin Baily
Bernard L. Schwartz Chair in Economic Policy Development, Senior Fellow
Brookings Institution
Baily re-joined Brookings in September 2007 to develop a program of researchon business and the economy. He is studying productivity growth, retirement,
and financial regulation. He is a Senior Advisor to the McKinsey Global
Institute and to the Albright Stonebridge Group. He is a member of theadvisory panels of the Committee on Economic Development, and Macroeconomic Advisers. In
August 1999 Dr. Baily was confirmed as Chairman of the Council of Economic Advisers. As
Chairman, Dr. Baily served as economic adviser to the President, was a member of the President’s
Cabinet and directed the staff of this White House agency. He completed his term as Chairman on
January 19, 2001. Dr. Baily previously served as one of the three Members of the President’s Council3

of Economic Advisers from October 1994 until August 1996. Baily was a member of the Squam
Lake Group of financial economists and a Director of The Phoenix Companies of Hartford CT
from 2005-16. He was the co-chair of the Financial Regulatory Reform Initiative of the Bipartisan
Policy Center, and an adviser to the Congressional Budget Office from 2006-09. Dr. Baily was a
Principal at McKinsey & Company from September 1996 to July 1999. From 2001 to 2007 he was a
Senior Fellow at the Peterson Institute where he published books on the European economy and on
pension reform. Baily was the co-chair of the Taskforce on Financial Reform convened by the Pew
Charitable Trusts. Dr. Baily earned his Ph.D. in economics in 1972 at the Massachusetts Institute ofTechnology. After teaching at MIT and Yale, he became a Senior Fellow at the Brookings
Institution in 1979 and a Professor of Economics at the University of Maryland in 1989. He is theauthor of many professional articles and books, testifies regularly to House and Senate committees
and is often quoted in the press.

Marilou Uy
Director
Intergovernmental Group of Twenty-Four on International Monetary Affairs
and Development
Marilou Uy is Director of the Intergovernmental Group of Twenty-Four on
International Monetary Affairs and Development (G-24). Prior to that, she was
the Senior Adviser to the Managing Director at the World Bank. While at the World Bank, she also
served as Sector Director for the Africa Financial and Private Sector Development Department
from 2007 to 2011 and Director of the Financial Sector Operations and Policy Department in the
Financial Sector Vice-Presidency as well as Chair of the Financial Sector Board from 2002 to 2007.
Since joining the World Bank in 1985 as part of the Young Professionals Program, she has worked
on financial sector and private sector development in Latin America, Middle East, South Asia, andAfrica, and globally. She was also part of the Development Economics Group’s research team that
prepared “The East Asian Miracle” in 1991, in which she focused on financial sector issues, together
with Joseph Stiglitz. Ms. Uy pursued her graduate studies in economics and finance at the Universityof California, Los Angeles.

LuncheonSpeaker: Kemal Derviş
Senior Fellow
Global Economy and Development, Brookings Institution
Kemal Derviş is a Senior Fellow and the Edward M. Bernstein Scholar with the
Global Economy and Development program at the Brookings Institution in
Washington, D.C. He was formally the Vice President of the Brookings Global
Economy and Development program, Executive Head of the UNDP, member4

of the Turkish Parliament, and Minister for Economic Affairs and the Treasury of the Republic of
Turkey, responsible for Turkey's recovery program after the devastating financial crisis of February
2001.Dr. Derviş earned his Bachelor’s (First Class Honours) and Master’s Degrees (with Distinction)from the London School of Economics, and his Ph.D. from Princeton University. He has publishedseveral books and articles in academic journals as well as current affairs publications in English,
Turkish, French, and German, on topics ranging from mathematical models of economic growth tomacroeconomic policy, social mobility, international trade, European affairs, global governance, andclimate change. Recent books include a collection entitled Reflections on Progress, Essays on the
Global Economy published by the Brookings Press in July 2016; Inequality in America: Facts,
Trends, and International Perspectives (2012) co-authored with Uri Dadush and others; Europe’s
Crisis, Europe’s Future (2014) co-edited with Jacques Mistral; and G20 at Five: Time for Strategic
Leadership (2014) co-edited with Peter Drysdale. Dr. Derviş also has a monthly column published inmany languages in newspapers around the world through Project Syndicate.

Session 2. Future of Work
Moderator: Naoyuki Haraoka
Executive Managing Director
Japan Economic Foundation
Born in Tokyo in 1955. After graduating the University of Tokyo in 1978
(Bachelor of Economics), he joined MITI (Ministry of International Trade andIndustry) of Japanese government. Having been posted in the industrial policy
section and the international trade policy section for a few years, he wasenrolled in a two year MPA (Master of Public Administration) programme at
Woodraw Wilson School of Princeton University in the US on a Japanese government sponsorship.
After having acquired MPA at Princeton, he rejoined MITI in 1984 as an economist. Since then hehad been posted as Deputy Director and Director of a number of MITI divisions including
Research Division of International Trade Policy Bureau. He was also posted in Paris twice, firstly,
Principal Economist of Trade Bureau of OECD (Organization of Economic Cooperation andDevelopment) from 1988 to 92 and secondly Counselor to Japanese Delegation of OECD from1996 to 99. After coming back to MITI from his second stay in Paris, at the occasion of thegovernment structural reform in 2001 when MITI was remodeled as METI (Ministry of Economy
Trade and Industry) he joined the efforts to found METI research institute, Research Institute of
Economy Trade and Industry as its Director of Administration. He became Chief Executive
Director of JETRO San Francisco in 2003 and stayed in San Francisco until 2006. He was DirectorGeneral of METI Training Institute from 2006 until July, 2007 when he left METI permanently andjoined JEF as Executive Managing Director.

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Mayumi Fukuyama
General Manager, CIO, Technology Management Center, Technology Strategy
OfficeHitachi Ltd. Research & Development Group
Mayumi Fukuyama is currently General Manager and CIO Technology
Management Center, Technology Strategy Office, Research & Development
Group of Hitachi, Ltd. Fukuyama joined the Mechanical Engineering ResearchLaboratory at Hitachi, Ltd. in 1987 after completing her B.Sci. at the Kyoto university. She began her
research career in mechanical engineering of power plants and worked on the research anddevelopment of reliability technology for societal infrastructure. Appointed General Manager of the
Mechanical Engineering Center, Hitachi Research Laboratory in 2014, and took her current positionin 2015. Fukuyama received her Ph.D. in engineering from the University of Tokyo in 2002. She is amember of the Science Council of Japan and the Engineering Academy of Japan. She is a fellow of
the Japan Society of Mechanical Engineering.

Shahid Yusuf
Chief Economist of The Growth Dialogue
George Washington University School of BusinessShahid Yusuf is currently Chief Economist of The Growth Dialogue at theGeorge Washington University, School of Business in Washington DC; a NonResident fellow of the Center for Global Development in Washington DC; andAdjunct Professor at the Paul H. Nitze School of Advanced International
Studies, Johns Hopkins University. He holds a Ph.D. in Economics from Harvard University, and a
BA in Economics from Cambridge University. Prior to joining the Growth Dialogue, Dr. Yusuf wason the staff of the World Bank. During his 35 year tenure at the World Bank, Dr. Yusuf was theteam leader for the World Bank-Japan project on East Asia’s Future Economy from 2000-2009. He
was the Director of the World Development Report 1999/2000, Entering the 21st Century. Prior tothat, he was Economic Adviser to the Senior Vice President and Chief Economist (1997-98), Lead
Economist for the East Africa Department (1995-97) and Lead Economist for the China andMongolia Department (1989-1993). Dr. Yusuf has written extensively on development issues, with a
special focus on East Asia and has also published widely in various academic journals. He has
authored or edited 30 books and monographs on industrial and urban development, innovation
systems and tertiary education, many of which have been translated into a number of different
languages. His publications include: China and the Global Economy; Development Economics
through the Decades; Economic Challenges for Korea (co-authored with Danny Leipziger and Carl
Dahlman); Tiger Economies under Threat (co-authored with Kaoru Nabeshima,); Two
Dragonheads: Contrasting development paths for Beijing and Shanghai (co-authored with Kaoru
Nabeshima; and Some Small Countries Do It Better: Rapid Growth and its Causes in Singapore,
Finland and Ireland (co-authored with Kaoru Nabeshima). Dr. Yusuf lives in the Washington DC
area and consults with a number of organizations.

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Darrel West
Vice President and Director, Governance Studies
Brookings Institution
Darrell M. West is the Vice President of Governance Studies and Director of
the Center for Technology Innovation at the Brookings Institution. He holds
the Douglas Dillon Chair in Governance Studies. Previously, he was the John
Hazen White Professor of Political Science and Public Policy and Director of
the Taubman Center for Public Policy at Brown University. His current research focuses ontechnology policy, artificial intelligence, and data analytics. West is the author of 23 books including
The Future of Work: Robots, AI, and Automation (Brookings, 2018); Megachange: Economic
Disruption, Political Upheaval, and Social Strife in the 21st Century (Brookings, 2016), Billionaires:
Reflections on the Upper Crust (Brookings, 2014), Digital Schools (Brookings, 2012), The Next
Wave: Using Digital Technology to Further Social and Political Innovation (Brookings, 2011), Brain
Gain: Rethinking U.S. Immigration Policy (Brookings, 2010), Digital Medicine: Health Care in theInternet Era (Brookings, 2009), Digital Government: Technology and Public Sector Performance,(Princeton University Press, 2005), and Air Wars: Television Advertising in Election Campaigns(Congressional Quarterly Press, 2013), among others. He is the winner of the American Political
Science Association’s Don K. Price award for best book on technology (for Digital Government)
and the American Political Science Association’s Doris Graber award for best book on politicalcommunications (for Cross Talk). His books have been translated into Chinese, Japanese, andKorean, and he has delivered nearly 150 lectures in a dozen different countries, including China,
Japan, Russia, Taiwan, Mexico, Brazil, Germany, Netherlands, Portugal, Turkey, Bahrain, and theUnited States, and has been quoted in leading newspapers, radio stations, and national television
networks around the world.

Indhira Santos
Senior Economist, Social Protection and Labor Global Practice
The World Bank
Indhira Santos is a Senior Economist at the World Bank. Currently, she is partof the World Development Report (“Internet for Development”) team. She ispart of the Social Protection and Labor Global Practice. Before the WDR
assignment, she worked in the Europe and Central Asia Region. She specializes on labor market
issues and skills development for employment. Previously, she worked on similar issues in the South
Asia Region. She joined the Bank in 2009 through the Young Professionals Program. Between 2007
and 2009, she was a Research Fellow at Bruegel, a European policy think-tank in Brussels.
Previously, she was Researcher at the economic research center of PUCMM University and worked
for the Ministry of Finance. She has also worked for the central Bank of Turkey. She holds a PhD in
Public Policy from the Kennedy School of Government at Harvard University, with a specializationin economic development and public economics.
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Session 3. Energy and Climate
Moderator: Kazumasa Kusaka
Chairman and CEO
Japan Economic Foundation
See biography at page 2.

Nathan Hultman
Associate Professor; Director, Center for Global Sustainability
University of Maryland School of Public Policy
Nathan Hultman is Director of the Center for Global Sustainability and
Associate Professor at the University of Maryland School of Public Policy. He
is also a nonresident Senior Fellow at the Brookings Institution, and Associate
Director of the Joint Global Change Research Institute, a collaboration
between the University of Maryland and the Pacific Northwest National Laboratory. From 20142016, Hultman worked at the White House on the Obama Administration’s climate and energy
policy team. During this time, he helped develop the US 2025 climate target, worked on U.S.
bilateral engagements with China, India, Brazil and others, and participated in the international
climate negotiations in Lima and Paris. His research focuses on national climate target-setting andassessment, U.S. emissions mitigation policy, energy technology transitions in emerging economies
and international climate policy. He has participated in the UN climate process since the Kyoto
meeting, and is a contributing author to the IPCC Fifth Assessment Report and Special Report on
Renewable Energy. He is currently co-chair of the America’s Pledge 2018 Report. Hultman wasformerly a visiting fellow at the University of Oxford, assistant professor at Georgetown University,
Fulbright fellow and NASA Earth Systems Science Fellow in climate sciences. He holds an M.S. and
Ph.D. in Energy & Resources from the University of California, Berkeley and a B.A. in Physics from
Carleton College.

Yoriko Kawaguchi
Fellow, Musashino Institute for Global Affairs
Musashino University
Yoriko Kawaguchi is Visiting Professor at Musashino University, and Fellow
at Musashino Institute for Global Affairs. She also is Distinguished Fellow ofTokyo Foundation for Policy Research. Prior to this, Ms. Kawaguchi wasProfessor at Meiji University and the Institute for Global Affairs, Meiji
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University from 2013 to 2018; Member of the House of Councilors (Upper House, elected) for the
Liberal Democratic Party from 2005 to 2013; Special Adviser to the Prime Minister of Japan on
foreign affairs from 2004 to 2005; Minister for Foreign Affairs from 2002 to 2004 and Minister ofthe Environment from 2000 to 2002. Ms. Kawaguchi received Master of Philosophy in Economics
from Yale University and BA in International Relations from Tokyo University. Ms. Kawaguchi
was awarded the Order of the Grand Cordon of the Rising Sun in May 2017, Star of Jerusalem byPalestinian National Authority in October 2010 and Wilbur Cross Medal by Yale University in
October 2008. Ms. Kawaguchi co-edited and co-authored a book titled, Future View of the AsiaPacific – Networked Hegemony (Tokyo: Chuokeizai-sha, Inc.) published in Japanese in August
2017. It is on the question of whether Asia-Pacific can thrive peacefully in coming years with a focus
on the "actors" to lead the regional order and the "structure."

Amar Bhattacharya
Senior Fellow, Global Economy and Development
Brookings Institution
Amar Bhattacharya is Senior Fellow at the Global Economy and Development
Program at Brookings Institution. His focus areas are the global economy,
development finance, global governance, and the links between climate anddevelopment including on the role of sustainable infrastructure. His latest
major publication is a report on Delivering on Sustainable Infrastructure for Better Development
and Better Climate. From April 2007 until September 2014 he was Director of the Group of 24, anintergovernmental group of developing country Finance Ministers and Central Bank Governors.
Prior to taking up his position with the G24, Mr. Bhattacharya had a long-standing career in theWorld Bank. His last position was as Senior Advisor and Head of the International Policy andPartnership Group. In this capacity, he was the focal point for the Bank’s engagement with key
international groupings and institutions such as the G7/G8, G20, IMF, OECD and theCommonwealth Secretariat. He completed his undergraduate studies at the University of Delhi and
Brandeis University and his graduate education at Princeton University.

Closing Remarks
Kazumasa Kusaka
Chairman and CEO
Japan Economic Foundation
See biography at page 2.

9Amar Bhattacharya
Senior Fellow, Global Economy and Development
Brookings Institution
See biography at page 9.

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