FRBSF Event: Firing the Fourth Arrow: The Private Sector and the Future of Japan
Tell a Friend About This EventTell a Friend
FRBSF Event: Firing the Fourth Arrow: The Private Sector and the Future of Japan

When: Monday, June 15th, 2015
From 12pm until 2pm
Where: Federal Reserve Bank of San Francisco
101 Market Street
San Francisco 94105
Contact: Karen Chan

« Go to Upcoming Event List  


Firing the Fourth Arrow:
The Private Sector and the Future of Japan


Michael Chui from McKinsey & Company

Takeo Hoshi from Stanford University

Tasuku Kuwabara from McKinsey & Company

Additional Speakers TBD

and moderated by

Sean Creehan from Federal Reserve Bank of San Francisco


Monday, June 15th, 2015, 12-2 pm

(11:45 am registration, 12:00 pm luncheon)

at the Federal Reserve Bank of San Francisco, 101 Market St., San Francisco, CA 94105



Discussion:  After two decades of economic stagnation, Japan is in the process of reinvention amid ongoing economic reform and aggressive central bank easing.  While the prospects of Prime Minister Abe’s reform program remain uncertain, Japan also faces demographic challenges of historic proportions. The country’s population has declined since 2011, with those aged 65 or over comprising a quarter of all citizens since 2013. Meanwhile, Japan’s workforce is shrinking while its productivity gap against the United States worsens: as of 2011, the productivity gap stood at 29 percent and, if left unchecked, will widen to 37 percent in 2025. In its new report, The Future of Japan: Reigniting Productive and Growth, the McKinsey Global Institute argues that Japan’s private sector should take the lead and fire a “fourth arrow” of economic reforms:  Japanese companies should step into the gap to spur a profound transformation in Japan’s labor and capital productivity, institute global best practices, deploy new technologies, and introduce greater competition.


Join the Asia Society, the Japan Society, and the Federal Reserve Bank of San Francisco for an expert panel discussion on how Japan’s corporate sector can fire this “fourth arrow” to spur Japan’s economic prospects.


About the Moderator and Speakers

Michael Chui, Partner, McKinsey Global Institute

Sean Creehan, Japan Analyst, Country Analysis Unit, Federal Reserve Bank of San Francisco

Takeo Hoshi, Senior Fellow in Japanese Studies, Freeman Spogli Institute for International Studies; Director of the Japan Program at the Shorenstein Asia-Pacific Research Center; Professor of Finance, Graduate School of Business, Stanford University

Tasuku Kuwabara, Partner, McKinsey & Company

Additional Speakers TBD

Price (includes lunch): $50.00

Tickets Available at:

Registration Closes June 3, 2015.

Advanced registration is required to participate in the event. Registration is not complete until payment is processed. Completed registrations are non-transferable and non-refundable after June 3, 2015.

For check-in, please bring a photo ID and note that cameras are not allowed on premises for security purposes.

235 Montgomery Street, Suite 725 | San Francisco, CA 94104 | P: 415.814.7900 | E:

CFA® and Chartered Financial Analyst® are trademarks owned by CFA Institute.

This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.