Richard Melson

December 2005

IIMA Japan

The "mission" of our Institute for International Monetary Affairs is to provide high quality information, and to present opinions or policies relating to international finance and monetary issues.

We believe that there are three steps by which to achieve these goals:
First, conducting research activities of superior quality, involving various people and institutions, both domestically and abroad.
Second, actively promoting dialogue and exchanges of knowledge, based on our research activities.
Third, disseminating accumulated knowledge and analysis to the public.
We hope your continued support, so that we may better achieve our mission.

Toyoo Gyohten, President

Workshop on Regional Cooperation

On June 30, 2005 IIMA had a workshop on Regional Cooperation as part of the projects to commemorate the 10th anniversary of its inception. Officials from the Ministry of Finance, Ministry of Foreign Affairs, Ministry of Economics, Trade and Industry and the Bank of Japan respectively presented the recent developments of the regional cooperation among the Asian Countries in the field of their responsibility, and more than a dozen of embassy and central bank officials of Asian and Oceania countries located in Tokyo exchanged their views. The second workshop will be held later in the year and the participants will also hear the opinions of the first prize winner of the IIMA Essay Contest on Regional Economic Cooperation in Asia.

Ms. Aysun Uyar and others won the IIMA Commemorative Essay Contest on

"What should be done to promote Regional Economic Cooperation in Asia?"

As was previously announced, Institute for International Monetary Affairs (IIMA), established in 1995 with the purpose to provide high quality information, and to publicly present opinions or policies relating to international finance and monetary issues, is celebrating this year its 10th anniversary, and in commemoration of its anniversary has invited the students studying in the graduate schools of the Universities in Asia to express their fresh ideas and opinions in our Essay Contest.

After the impartial evaluations by the judges of the Selection Panel (Prof. Tetsuji Murase, Chairman and professor of International Center of Kyoto University, Prof. Koichiro Arai, Aichi-Gakuin University, Prof. Minoru Awamura of Niigata University, Prof. Eiji Ogawa of Graduate School of Hitotsubashi University, Prof. Yorikatsu Yoshida, Takushoku University, and Mr. Tadahiro Asami, Managing Director of IIMA), Ms. Aysun Uyar of Yamaguchi University, Ms. Andrea Chloe A. Wong of the University of the Philippines, Mr. Laxmisha Rai of Kyungpook National University, have been chosen for awards. Ms. Uyar, first prize winner will be invited to participate and make presentation in the Second Workshop on Regional Cooperation to be held on December 16.

For the details, please refer to the following page.


13th IIMA Symposium on November 12, 2004

"The euro: five years on- Implications for Asia"

The aforementioned symposium was held on November 12, 2004. The main theme was what can Japan and Asia be learnt from the EU and what is expected of the EU, reviewing the impact of euro on European economics and on the International Currency Regime for 5 years that have passed since the introduction of the euro. This symposium was co-sponsored by Delegation of the European Commission in Japan.

As panelists, we invited Mr. Lucas D. Papademos, Vice President, European Central Bank, Klaus Regling, Director-General for Economic and Financial Affairs, European Commission, Alexander Schaub, Director-General for Internal Market, European Commission, Toshihiko Fukui, Governor, the Bank of Japan, Hajime Sasaki, Chair man and CEO, NEC Corporation, and Mr. Robert A. Mundell, Professor of Economics, Columbia University, who won the Nobel Economics Prize in 1999.

Mr. Gyohten served as the moderator.

Though it was raining, the hall was almost full of audiences and the panelists conducted lively discussion.

The contents of this symposium will be published as an Occasional Paper on this website later. The drafts of the speech are published below.

(The contents of the symposium were published as Occasional Paper No.15. )

12th IIMA Symposium on November 18, 2003

"Searching for a Stable Currency Regime in East Asia" -Role of Yuan, Dollar and Yen-

As already noticed on this website, the aforementioned symposium was held on November 18, 2003. As panelists, we invited Mr. Chen Yuan, Governor, China Development Bank, Ms. Zhang Yanling, Managing Director and Executive Vice President, Bank of China, Dr. Il SaKong, President and CEO, Institute of Global Economics, Korea, Mr. Yoshiaki Fujimori, President and CEO, GE Asia Pacific, Mr. Jesper Koll, Chief Japan Analyst and Managing Director, Merrill Lynch Japan Securities Co., Ltd., Mr. Fujio Cho, President, Toyota Motor Corporation, and Mr. Haruhiko Kuroda, Special Advisor to the Cabinet, Cabinet Office, Government of Japan.

Mr. Gyohten served as the moderator.

This symposium was co-sponsored by Sankei Shimbun and Keizai Koho Center.

The hall was full of more than 500 audiences and it shows the topic was a hot issue that many people are interested in.

(The contents of the symposium were published as Occasional Paper No.14. )

A Joint Symposium with IMF on September 16, 2003

" Preventing Future Financial Crises - Lessons from Asian and Latin American Countries and the Role of IMF "

Based on the key note speech by Mr. Montek Ahluwalia, Director, Independent Evaluation Office, IMF, and Mr. Shinji Takagi, Advisor, Independent Evaluation Office, IMF, the active discussion was held being joined as panelists by Dr. Il Sakong, Chairman & CEO, Institute for Global Economics, Korea, Dr. Miranda S. Goeltom, Professor & Senior Research Associate, Faculty of Economics, University of Indonesia, Mr. Fausto Medina-Lopez, Deputy Representative, Inter-American Development Bank Office in Japan, Dr. Eisuke Sakakibara, Professor, Keio University, Mr. Haruhiko Kuroda, Special Advisor to the Cabinet.

(The contents of the symposium were published as Occasional Paper No.13. )


June 11/12

EURO 50 Group Roundtable

Euro 50 Group consisting of prominent figures such as politics and academics in Europe hold roundtables twice a year all over the world. This time the roundtable was held in Tokyo on June 11/12, in which Mr. Gyohten, our President served as the chairman for the second session.


Newsletter No.2, 2005

"The Need to Strengthen the Sovereign Debt Restructuring Mechanism"

Tadahiro Asami, Managing Director, IIMA

Newsletter No.1, 2005

"An Observation for Closer Financial Cooperation in East Asia"

Hajime Shinohara, Deputy President, Deposit Insurance Corporation of Japan

Occasional Paper No.15

Symposium, November 12, 2004

"The euro: five years on -Implications for Asia"

Newsletter No.5, 2004

"The IMF Should Be Involved in the Emerging-Market Debt Restructuring Process"

Tadahiro Asami, Managing Director, IIMA

Newsletter No.4, 2004

"The Outlook for the Tri-polar World and the Japan-China Relationship"

Toyoo Gyohten, President, IIMA


Mr. G. John Ikenberry, Professor of Politics and International Affairs, Woodrow Wilson School, Princeton University

Mr. Fabrizio Saccomanni, Vice President Risk Management, European Bank for Reconstruction and Development (EBRD)

Mr. Donald J. Johnston, Secretary-General Organization for Economic Co-operation and Development (OECD)

Mr. Andrew Crockett, President JP Morgan Chase International

Mr. Edward J. Lincoln, Senior Fellow, Asia and Economic Studies, Council on Foreign Relations

IIMA Japan

December 1, 2005