Tenth Business Advisory Board Discusses the Japanese Economy

June 22, 2017 at 6pm - 9pm
Tokyo American Club

On June 22, the tenth Business Advisory Board (BAB) was held at the Tokyo American Club. Heizo Takenaka, noted economist, Professor Emeritus at Keio University and the Chairman/Director of Pasona, Inc., was the featured speaker. The meeting opened with welcoming remarks from Scott Sato, Member of the USJC Board of Directors, and Masaaki Tanaka, the Vice-Chair of the Board of Councilors who has been leading the Council's BAB activities in Japan. USJC President Irene Hirano Inouye discussed the Council's activities, including the success of the recent USJC Japan-Hawaii Economic Summit and updates on the 2017 USJC Annual Conference, to be held in Washington, DC in November. 

Mr. Takenaka addresses the crowd 

Mr. Takenaka discussed the current state of the Japanese economy, noting Japan’s low unemployment rate and almost zero net debt as evidence of its economic success. He also highlighted future prospects, recommended a number of policy measures and called for widespread deregulation. Overall, Mr. Takenaka remained optimistic about Japan’s chance to become a powerful and stable nation.

The meeting was attended by nearly 90 members, including a handful from the United States

Following the BAB meeting, the USJC Japan Region, chaired by Russell Kawahara, held an appreciation and farewell reception for Paul Yonamine, Chair of the USJC Board of Councilors, who relocated to the United States at the end of June. 

(L-R) Mr. Teranishi, Mr. Kawahara, Ms. Hirano Inouye, Mr. Yonamine, Council Leader Lynda Yonamine, Mr. Tanaka and Ms. Matsui 

Many of Mr. Yonamine's close friends and colleagues offered messages of farewell, including Mr. Kawahara, Dennis Teranishi, Chair of the Board of Directors; Ms. Hirano Inouye; Kathy Matsui, Chair of the Board of Councilors; and Mr. Tanaka. We wish Mr. Yonamine the best of luck in his future endeavors and are glad that he will remain an integral part of USJC! 

Click here to see more photos from the event.