Australia-Japan Research Centre
ANU Japan InstituteJapan Update2023

6 September2023

The Australia-Japan Research Centre
The Australia-Japan Research Centre (AJRC) is the centre of research, teaching andoutreach on the Japanese economy in Australia. AJRC also conducts research to better
understand the Australia-Japan relationship and both countries’ strategic interests in theregional economy. AJRC was established in 1980 with support from governments andbusiness communities in both Australian and Japan. Its research encompasses areas suchas finance and macroeconomics.

The ANU Japan Institute
The ANU Japan Institute is Australia’s largest network of distinguished and emerging
scholars with professional expertise on Japan. The Japan Institute researches and teaches
in disciplines spanning art, economics, environment, health, history, international relations,language, law, linguistics, politics, regulation and Japanese Studies.

The Japan Update 2023 is supported by funding from the Japan Foundation, Sydney.

J A P A N U P D AT E 2 0 2 3
Wednesday 6 September,
Molonglo Theatre, ANU, Canberra
9–9.10am
AEST

Welcome and introduction

9.10–9.40am

Economy keynote

AEST

Masaaki Kaizuka, Bank of Japan

Shiro Armstrong, The Australian National UniversityChair: Ippei Fujiwara, Keio University & The Australian National University
9.40–10.30am
AESTEconomy panel
Masaaki Kaizuka, Bank of Japan
Renee Fry-McKibbin, The Australian National University
Chair: Ippei Fujiwara, Keio University & The Australian National University

10.30–11am

Tea and coffee

11–11.20pm
AEST

Economic security keynote
Shujiro Urata, Research Institute of Economy, Trade and Industry (RIETI)
Chair: Shiro Armstrong, The Australian National University

11.20–12.30pm
AEST

Economic security panel
Shujiro Urata, Research Institute of Economy, Trade and Industry (RIETI)Melanie Brock, Melanie Brock Advisory
Richard Dyck, Japan Industrial Partners
Chair: Shiro Armstrong, The Australian National University

12.30–1.30pm

Lunch

1.30–2.45pm
AESTForeign policy and politics panel
Michael J. Green, The University of Sydney
Mie Oba, Kanagawa University
Yoshihide Soeya, Keio University
Chair: Amy King, The Australian National University

2.45–3.15pm

Tea and coffee

3.15–4.30pm
AESTScience and technology panel		Takero Izuhara, ST Solutions Australia (Softbank)Anna Moore, The Australian National University
Masaru Yarime, The Hong Kong University of Science and Technology
Chair: Llewelyn Hughes, The Australian National University

4.30pmAESTClosing and thank you
Llewelyn Hughes, The Australian National UniversityIppei Fujiwara, Keio University & The Australian National University

SPEAKER BIOGRAPHIESShiro Armstrong
Shiro Armstrong is Economist and Associate Professor at Crawford Schoolof Public Policy at the Australian National University. He is Director of theAustralia-Japan Research Centre, Editor of East Asia Forum, Director of
the East Asian Bureau of Economic Research and Research Associate at
the Center on Japanese Economy and Business at the Columbia Business
School. Dr Armstrong is also Visiting Scholar at the Research Instituteof Economy, Trade and Industry and Visiting Associate Professor atKeio University.

Melanie Brock
Melanie Brock AM is CEO of Melanie Brock Advisory and Chair Emeritusof the Australian & New Zealand Chamber of Commerce in Japan. Brock isAdvisory Board Member of the Australia-Japan Research Centre, Tanarra
Capital, the Kawasaki Heavy Industries Board and the Australia Japan
Business Cooperation Committee. She is also Non-Executive Directorof the Mitsubishi Estate, Sega Sammy Holdings and Kawasaki HeavyIndustries. Brock received her BA from the University of Western Australia
and her MA from The University of Queensland.

Richard Dyck
Richard Dyck is Owner and President of TGK-Japan, a Tokyo-based
semiconductor testing firm. He was Vice President at Teradyne, a Bostonbased semiconductor capital equipment manufacturer, from 1982 to 1999. Heis also Director and Investor at Japan Industrial Partners, a private equity firm.
Dr Dyck has served on multiple boards including Hitachi Chemical (Japan) andMattson Technologies (US) and currently serves on the boards of Nisshinbo
Holdings, the Japan External Trade Organization and the Semiconductor
Portal. Dr Dyck holds an MA and PhD from Harvard University. He is currently
working on a book about Ishibashi Tanzan, a Japanese economist who served
as Finance Minister and Prime Minister after WWII.

Renée Fry-McKibbin
Renée Fry-McKibbin is Professor at Crawford School of Public Policyin the College of Asia and the Pacific. She is Co-Director of the Financeand the Macroeconomy research program and the Commodities and theMacroeconomy research program at the Centre for Applied MacroeconomicAnalysis. She also holds positions as Research Associate in the HO Stekler
Research Project on Forecasting at George Washington University, andthe Centre for Applied Macro- and Petroleum Analysis at the BI NorwegianBusiness School. Professor Fry-McKibbin is Fellow of the Academy of Social
Sciences in Australia, Editor of the Economic Record, and Associate Editorfor Finance Research Letters. She was also one of the three panellists on the2023 Review of the Reserve Bank of Australia.

SPEAKER BIOGRAPHIES
Ippei Fujiwara
Ippei Fujiwara is Professor of Macroeconomics at Keio University and theAustralian National University. He is also Research Fellow at the Centre
for Economic Policy Research, Fellow at the Asian Bureau of Finance andEconomic Research, Faculty Fellow at the Research Institute of Economy, Tradeand Industry. Professor Fujiwara also holds positions as Deputy Director at theCentre for Applied Macroeconomic Analysis, ANU; Advisory Board Member
at the Macroeconomics, Growth and History Centre, University of Kent; andResearch Associate at the Globalization and Monetary Policy Institute, Federal
Reserve Bank of Dallas. He completed his DPhil in Economics at the Universityof Oxford. Professor Fujiwara’s research focusses on international finance,monetary economics and macroeconomics.

Michael J. Green
Michael Green is Chief Executive Officer of the United States Studies Centre atthe University of Sydney. Dr Green has held positions as Senior Vice Presidentfor Asia; Japan Chair; Henry A Kissinger Chair at the Center for Strategicand International Studies; Director of Asian Studies and Chair in Modern andContemporary Japanese Politics and Foreign Policy at the Edmund A Walsh
School of Foreign Service at Georgetown University. He served on the National
Security Council as Director for Asian affairs and Special Assistant to thePresident for National Security Affairs. He has also worked in Japan on thestaff of a member of the National Diet. Dr Green received his MA and PhD fromthe School of Advanced International Studies, John Hopkins University.

Llewelyn Hughes
Llewelyn Hughes is Professor of Public Policy at Crawford School of Public
Policy, Australian National University. Hughes is the Australia Focal Point for
the Energy Research Institute Network of the Economic Research Institutefor ASEAN and East Asia and serves on the Energy Transition Subcommitteeof the Australia Japan Business Co-operation Committee. Professor Hughes
is Research Fellow in the Initiative for Sustainable Energy Policy at Johns
Hopkins University School of Advanced International Studies, and Member ofthe Executive Committee & Council for the International Society for Energy
Transition Studies. Professor Hughes received his BA from the University ofMelbourne, MA from the University of Tokyo and PhD from the Massachusetts
Institute of Technology.

Takero Izuhara
Takero Izuhara is Director at ST Solutions Australia (Softbank). He hasover 10 years of experience in the IT industry with a particular focus onAI, Robotics and robotic process automation. Izuhara has worked acrossSoftbank’s offices internationally to bring together traditional Japaneseculture and the future of technological innovation. His work has largely
been based in offices in Singapore, Japan and Australia. His recent project
saw the successful installation of Pepper, a high-functioning AI robot, into
the retail sector, banks, hospitals and airports.

SPEAKER BIOGRAPHIES
Masaaki Kaizuka
Masaaki Kaizuka is Executive Director at the Bank of Japan, managing thePayment and Settlement Systems Department (Business Continuity Planning
Division), the Research and Statistics Department, Operations Department,
and the Institute for Monetary and Economic Studies. Before joining theBank of Japan, Kaizuka served at the Ministry of Finance over 35 years where
he worked as Executive Director for Japan at the International Monetary
Fund from 2016 to 2019, Deputy Commissioner of the National Tax Agency,
Japan from 2014 to 2016, and Minister for Finance at the Embassy of Japan,
Beijing from 2011 to 2014. Kaizuka received a BA in Law from the Universityof Tokyo and an MA in Public Administration from the School of Public andInternational Affairs, Princeton University.

Amy King
Amy King is Associate Professor in the Strategic and Defence Studies Centre,and Deputy Director (Research) in the Coral Bell School of Asia Pacific Affairs,
at the Australian National University. She has published widely on China-Japan
relations, Chinese foreign and security policy, and the economics-security
nexus in Asia. The holder of an Australian Research Council DECRA Fellowshipand a Westpac Research Fellowship, Associate Professor King leads a teamresearching China’s historical and contemporary role in shaping the international
economic order. She holds an MPhil in Modern Chinese Studies and DPhil inInternational Relations from the University of Oxford, where she studied as anAustralian Rhodes Scholar.

Anna Moore
Anna Moore is Professor of Astronomy and Director of the Australian National
University’s Institute for Space. Professor Moore sets the strategy for spacerelated activities at the ANU, including satellite and space mission design,manufacture and testing, space-ground communications, Earth observations,space situational awareness, and space medicine, law and commerce. Professor
Moore joined the ANU in 2017, following a research career at Caltech andother astronomy institutes around the world. She has served on the AustralianGovernment’s space expert reference group to form the Australian Space Agency
and has been consulted by NASA, the US National Science Foundation andthe Scientific Committee on Antarctic Research. In her work with the Japanese
astronomy community, Professor Moore has reviewed Japan’s national-level
infrastructure facilities, including the Japanese National Large Telescope.

Mie Oba
Mie Oba is Professor at the Faculty of Law, Kanagawa University. She obtained
her MA and PhD at the University of Tokyo. Professor Oba researches
International Relations and Politics in East Asia and Asia-Pacific, with aparticular focus on the development of regionalism, Japan’s regional policy andrelationships between Japan and Southeast Asia. She has published widely onthese topics in both Japanese and English. Professor Oba is the recipient of the21st Ohira Masayoshi Memorial Prize (2005) and the 11th Nakasone Yasuhiro
Incentive Award (2015). She was Chairperson of the Expert Panel for the 50thYear of ASEAN Japan Friendship and Cooperation in 2023.

SPEAKER BIOGRAPHIESShujiro Urata
Shujiro Urata is Chairman of the Research Institute of Economy, Trade andIndustry, Senior Research Advisor at the Economic Research Institute for
ASEAN and East Asia, Specially Appointed Fellow at the Japanese Centrefor Economic Research, Visiting Fellow at the Asian Development BankInstitute (ADBI), and Distinguished Senior Fellow at the Institute of DevelopingEconomies. Urata received his BA in Economics from Keio University andhis MA and PhD in Economics from Stanford University. He held a positionas Professor of International Economics at the Graduate School of AsiaPacific Studies, Waseda University and is currently Professor Emeritus at
Waseda University.

Yoshihide Soeya
Yoshihide Soeya is Professor Emeritus at Keio University, where he served
as Professor of Political Science and International Relations in the Facultyof Law until March 2020. His areas of interest are politics and security inEast Asia, and Japan’s diplomacy and external relations. He received a PhD inworld politics from the University of Michigan in 1987. He served as Directorof the Institute of East Asian Studies at Keio University from 2008 to 2013,
and as Director of its Center for Contemporary Korean Studies from 2011
to 2016.

Masaru Yarime
Masaru Yarime is Associate Professor in the Division of Public Policy at theHong Kong University of Science and Technology. He is Honorary Associate
Professor in the Department of Science, Technology, Engineering andPublic Policy at University College London and Visiting Associate Professor
at the Graduate School of Public Policy at the University of Tokyo. His
research interests centre on science, technology and innovation policy
for energy, environment and sustainability, particularly the implications ofemerging data-driven innovations such as AI and the Internet of Things.
Associate Professor Yarime serves on the editorial board of international
journals, including Sustainability Science, Environmental Science andPolicy, Environmental Innovation and Societal Transitions, Data & Policy, andFrontiers in Sustainable Cities – Innovation and Governance. He received his
BA in Engineering from the University of Tokyo, MS from Caltech, and PhDfrom Maastricht University. Associate Professor Yarime was awarded AbeFellowship by the Japan Foundation Center for Global Partnership and theUnited States Social Science Research Council.

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