The Japanese Economy: Strategies to Cope with a Shrinking and Aging Population
Monday, December 5, 2022 | 12:30 — 1:30 PM (Lunch will be provided)
Room 640, Geffen Hall, Columbia Business School (Map)
(645 West 130th Street, New York, NY 10027)
Randall S. Jones
Professional Fellow, CJEB; Former Senior Counselor – East Asia and Head of Japan/Korea Desk, Organization for Economic Cooperation and Development (OECD)
David E. Weinstein
Director, CJEB; Carl S. Shoup Professor of the Japanese Economy, Columbia University
What you will learn:
• Japan’s population is projected to fall by about a quarter by 2060 while the share of elderly rises to 39%, reducing the number of working-age persons to 1.3 per elderly person.
• The demographic shift threatens Japan’s ability to fulfill its commitment to provide universal health and long-term care and pensions for the elderly.
• Meeting this commitment requires a comprehensive strategy to limit the decline in the labor force, boost labor productivity and implement effective macroeconomic policies.
About the speaker:
Dr. Randall S. Jones received the Decoration of the Order of the Rising Sun from the Government of Japan in 2016 and the Sungnye Medal of the Order of Diplomatic Service Merit from the Government of Korea in 2018. Currently, Dr. Jones is a professional fellow at Columbia Business School’s Center on Japanese Economy and Business (CJEB), a non-resident distinguished fellow at the Korea Economic Institute, and an adjunct lecturer at the Johns Hopkins University School of Advanced International Studies. Previously, he was a CJEB visiting scholar in 2019-20. Dr. Jones served as the Senior Counsellor for East Asia and as Head of the Japan/Korea Desk at the Organization for Economic Cooperation and Development (OECD) in Paris from 2002 until 2019. During his 30 years at the OECD, Dr. Jones wrote all 16 OECD Economic Surveys of Korea and 15 OECD Economic Surveys of Japan, in addition to a number of other publications. Before joining the OECD in 1989, he spent three years in the U.S. government, serving at the Council of Economic Advisers in the Executive Office of the President (1984-85) and as an advisor in the U.S. State Department (1987-89). Dr. Jones was also the vice-president of the Japan Economic Institute in Washington (1985-87). Dr. Jones received a B.A. in Economics from Brigham Young University and a PhD in Economics from the University of Michigan in 1984. He lived in Korea from 1974 to 1976 and in Japan during 1982-83.
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Center on Japanese Economy and Business
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