‘Japan and the UK: coping with the debt overhang’, Mr Andrew Smithers
20 April 2010, London
Well known commentator on financial and business matters, Andrew Smithers, will talk on a subject relevant to all of us and particularly to our two countries at this present time. The Japanese Chamber of Commerce and Industry in the UK is in association with the Japan Society for this event and its members are very welcome.
Japan and the UK have large debt problems in both the public and private sectors. One important difference is that Japanfs household sector is flush with cash while the UKfs is deeply in debt. Neither country will find it easy to reduce the overhang, but the negative impact on growth is more of a problem for the UK, with its inadequate level of national savings, than for Japan, with its excessive level of saving.
Andrew Smithers founded Smithers & Co., a leading advisor to investment managers on international asset allocation, in 1989. Before that, he was at S.G. Warburg from 1962 to 1989. He has been a regular contributor to The London Evening Standard and Sentaku Magazine, writes regularly for the Nikkei Veritas and his OpEd pieces are included periodically in the Financial Times. He is author and co-author of a number of well known books, the latest of which gWall Street Revalued – Imperfect Markets and Inept Central Bankersh was published in July 2009.
To book your place please contact the Japan Society office on tel: 020 7828 6330 or email: email@example.com. Please remember to state your company position when applying.
£12 for members and those introduced by JETRO
£18 for non members
Deadline for booking, Friday 16th April 2010
sandwich lunch - 12.00 pm
lecture – 12.30pm
end – 2.00pm