Global economic challenges and policies: Asia-Pacific regional perspectives

Takehiko Nakao has been the Vice-Minister of Finance for International Affairs, Ministry of Finance, Japan since 2011. He holds a B.A. in Economics from the University of Tokyo (1978) and a MBA from the University of California at Berkeley (1982). Since joining the Ministry of Finance in 1978, he has served in various Bureaus, including Tax, Security, Banking and International Finance. From 1994-1997, Mr. Nakao worked at the International Monetary Fund (IMF), in Washington, as a senior level staff economist (Advisor in the Policy Development and Review Department). Between 2005 and 2007, he was assigned as Minister at the Embassy of Japan in Washington. He has published two books, in Japanese, 'US Economic Policies' (2008) and 'The International Taxation System' (1989).

The world economy is recovering from the Lehman crisis in autumn 2008. The Asian economy has maintained strong growth including in 2009 when advanced economies as a whole recorded negative growth. Growth is expected to pick up this year in the United States, and in Japan, recovering from last year's devastating disaster. There are great opportunities for further growth in emerging and developing economies in the Asia Pacific region, supported by strong domestic and regional demand together with increasing production capacities. Australia and Japan have been working and cooperating closely on these issues as members of the G20. The lecture will discuss global opportunities, challenges and policy options to deal with the various issues based on experiences in the G20 and other forums. The lecture will be followed by a Q & A session from 4.00-4.30pm.

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