ICJS Business Economics Seminar: Open Society, Closed Market?

Monday, April 6th, 2009
7:00 p.m. (talk starts at 7:30 p.m.)
TUJ Azabu Hall 303 (Access)
Open to general public.
You can purchase a bento and drinks at the convenience store next to the university.
Registration closed

About the Event

Japan's politicians, business people, economists and media agree that rapid internationalization is crucial compensate for the country's ageing, shrinking domestic market. At the same time, many blame Japan for closing its markets to foreign companies. Sparked particularly by a — partly perceived, partly real — wagon circling strategy of Japanese businesses against unsolicited takeovers and activist shareholders, there is a growing sentiment that Japan is inward-looking and unwelcoming to international capital. By contrast, Japanese firms have massively stepped up their investments in foreign markets, with US$78 billion worth of acquisitions of foreign companies in 2008 alone. This is a number of times over what foreign businesses invest in Japan. Hence it seems that Japan pursues a lopsided internationalization strategy — keeping foreign companies out while at the same time investing massively in foreign markets. We will discuss whether this is an appropriate position.

About Stefan Lippert

Stefan Lippert is a management consultant and business school professor. He holds teaching positions at Temple University Japan and other business schools in Japan and Korea. He is also a Senior Adviser to the European School of Management and Technology CS in Berlin. In his consulting work, Stefan advises Japanese and international companies primarily on internationalization and pricing. He was the Managing Partner Japan of Simon-Kucher&Partners, a global strategy & marketing consulting firm. Prior to joining Simon-Kucher, Stefan worked with McKinsey. He studied, researched and taught in Germany, Austria, Japan (Waseda School of Commerce) and the U.S. (Harvard Law School).

About ICJS
The Institute of Contemporary Japanese Studies (ICJS) is an organization dedicated to fostering study and research on various topics related to contemporary Japan and Asia.