The future of Abenomics and economic growth in Japan depends on the success of structural reforms. But despite strong popular support, effective trade, health and labor market reforms remain as difficult to implement as ever. Reforms in Germany, on the other hand, seem to have been more successful. Effective globalization and the highly recognized “Agenda 2010” labor and social security reforms implemented a decade ago seem to have revitalized the country. Research at Germany’s leading industry think tank reveals, however, that the impact of such structural reforms has long faded in Germany, too, and that its current success might be due to other factors.
Leading experts from Japan and Germany will discuss major “structural reforms” but will also show that smaller, future and technology oriented reform initiatives might be easier to implement and more effective than big and often rather “backward looking” structural reforms. Business initiatives, such as “Industry 4.0” in Germany and “Special Deregulation Zones” in Japan, could help kickstart for effective regional infrastructure investment, IT-based reorganization, international cooperation, and modernization of services and education systems.
Audience: Industry decision makers, ministries, media
a) closed expert workshop for invited guests in the morning
b) public symposium in the afternoon
Speakers: German speakers for the review of reforms and initiatives in Germany, (mostly) Japanese speakers for a panel discussion on possibilities and potentials in Japan