Abstracts

Globalization and Agriculture in Japan
Hitoshi Matsuo, Kanagawa University
The paper discusses agricultural policy and trade policy, the establishment ofagriculture in Japan. Japan is protective agricultural trade in liberalization of trade.
With regard to FTAs/EPAs, the more the number of items treated as exceptions toliberalization, negotiations causes an impasse in the trade talks itself.
Japan carries on trade of apple with Chinese Taipei. And Japan’s trade with
Chinese Taipei is larger year after year. Asian economic growth is becoming
modernized. For example, Asian people will use good ingredients to cook even if
they are expensive.
Export of Japanese agricultural has been steadily increasing. It is necessary tostrategic promotion of exports by agriculture, provision of information on Japanesefood and food materials to overseas. As a result, Japan agriculture will be expanded.

A Study on a Special Scheme on Overseas Asset liquidation
Takashi Masuyama, Hosei University
This paperdeals with the European banks’ external deleveraging trend associatedwith the European financial crisis, especially a new and special type ofinternational asset liquidation scheme by utilizing Collective Action Clause(CAC) .The CACconducted by the Greek Government in February 2012 was the firstcase introduced in the international financial markets in the world. It had originallydesigned to dramatically reduce the country’s existing governmental debt
obligations, but as a result, it also helped reducing heavy debt burdens of Europeanbanks. This presentation discusses therecent external deleveraging trend, thereduction in the percentage of debt in the balance sheet from European banks’
viewpoints. In addition, I will present a financial comparison between the CAC andnon-CAC cases, and state my own views.

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A Study of Reimbursement Claims under the Demand Guarantee:
The Suggestion for the Prevention of Unfair Claims by Express Modificationof URDG758
Masataka Hanaki, Sumitomo Mitsui Banking Corporation
The core of the international bank guarantee business in Japanese banks is theissuance of Letter of Guarantee (L/G) and Standby Letter of Credit. Both of them
are an independent undertaking for guarantors.
In this paper, the following three points are studied. First, the typical cases ofunfair claims will be discussed. These are based on the cases in which thereimbursement claim was made or in which the claim was about to be made but notmade in the end. Secondly, the past court case about the unfair claim will bediscussed. Finally, concrete measures for the prevention of the unfair claim byexpress modification of URDG758 will be proposed.

Realization of the Economic Region between Busan and Fukuoka andConfronting Issues
Su-won Chung, DongseoUniversuty
Due to recent advent of globalization, many nations express their keen interests on
economic and cultural exchanges across borders. In the case of Korea and Japan,
they are devoted to decentralize economic growth from their capitals to othereconomic frontiers where they can interact and cooperate with each other, in orderto improve their national competitiveness. In this situation, actualization of the
Economic Region between Busan and Fukuoka can mutually benefit both nations.
This can occur by developing both cities that are facing each other across the ocean
since both countries are willing to plan a joint enterprise and invest in a newmarket, not the current over-saturated market.
This study tries to figure out the earliest way to accomplish realization of theEconomic Region between Busan and Fukuoka based on results of exchanges thathave been promoted until today.

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