Dr. Shuji Kobayakawa, Assistant Director-General, Monetary Affairs Department, Bank of Japan
Dr. Kobayakawa discussed how the Bank of Japan views recent developments of the Japanese economy and what it does in order to overcome deflation.
In particular, the BOJ was one of the first central banks to implement unconventional monetary policy-making, and Dr. Kobayakawa elaborated on policy measures, initiated by the Bank of Japan, that are aimed at raising the economy's growth potential. He also discussed implications of BOJ initiatives for foreign financial institutions based in Japan.
Mr. Yutaka Kitamura, Executive Director, BTC Financial Services Mr. Ichiro Suto, Partner, BTC Financial Services
On Friday, February 15, 2013, Mr. Kitamura and Mr. Suto from Ernst & Young Shinnihon Tax discussed recent developments in the Japanese tax system and their impact on foreign financial institutions. The presentation focused on cross-border tax rules including thin capitalization rules, the Japanese version of the “earnings stripping rule”, etc.