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Blueprint for Japan 2020

Blueprint for Japan 2020. Joichi Ito (Neoteny) Oki Matsumoto (Monex). Blueprint for Japan 2020. 100. Feb 1999. July 2000. 80. PERCENTAGE. 60. 40. 20. 0. UK. USA. ITALY. JAPAN. 70. FRANCE. CANADA. GERMANY. 60. 50. 40. (%). 30. 20. 10. 0. UK. USA. JAPAN. ITALY.

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Blueprint for Japan 2020

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  1. Blueprint for Japan 2020 Joichi Ito (Neoteny) Oki Matsumoto (Monex) Blueprint for Japan 2020

  2. 100 Feb 1999 July 2000 80 PERCENTAGE 60 40 20 0 UK USA ITALY JAPAN 70 FRANCE CANADA GERMANY 60 50 40 (%) 30 20 10 0 UK USA JAPAN ITALY FRANCE CANADA GERMANY Condition of Diversity (1) • Entrepreneurship is • not socially accepted • ※The graph on the left • Percentage “yes” on item: People you know • respect those starting a new business • Japanese Afraid • to Start Companies • ※The graph on the right • Percentage “yes” on item: Fear of failure would • prevent you from starting business

  3. Condition of Diversity (2) Ruling Party • Japanese society have a bias • for Academic Background. • The name-brand university graduates that occupy 4% in all university graduates occupy 32% in all presidents of Japanese listed companies 4% 32% ※ The circle inside is all University Graduates. The circle outside is all Presidents of Japanese listed Companies

  4. Condition of Democracy (1) Bad Influence of Press Clubs Circulation of Newspapers • “Me too” contents of　 Japanese newspapers • Journalists are shut out by violation • 70% of date source of Japanese major newspaper are from Press Clubs • Abandonment of Agenda Setting • Adhesion between government and journalists

  5. Rate to the smallest number 300% 250% 200% 150% 100% 50% 0% Kochi 3 Shimane Shimane 3 2 Tokyo 22 Kanagawa Kanagawa 14 7 Unsuccessful Successful 140000 120000 100000 80000 60000 40000 20000 0 Condition of Democracy (2) • A vote in some districts have • double value • to one in other districts. • Those who got less poll than • the unsuccessfuls wereelected.

  6. 75 65 55 PERCENTAGE 45 35 25 20 ～ 24 25 ～ 29 30 ～ 34 35 ～ 39 40 ～ 44 45 ～ 49 50 ～ 54 55 ～ 59 60 ～ 64 65 ～ 69 Over 70 Condition of Democracy (3) • The difference between • Assets and Liabilities is • 806 Trillions of Yen • <Insolvent!> • The young generations • that will pay 806 trillion yen • do not vote very much • in national elections.

  7. 12000 10000 8000 (Billions of Dollar) 6000 4000 2000 0 Japan U.S. PBR < 1 PBR > 1 Market Capitalization GDP Condition of Capital Markets (1) Rate of Market Capitalization to GDP PBR of TSE listed Companies ※ Market Capitalization of Japan is derived from TSE. Market Capitalization of U.S. is derived from NYSE and Nasdaq.

  8. Condition of Capital Markets (2) Case of a large Japanese bank: Without any reduction of capital, about 20 billion dollars of public money was injected. On an annual announcement of some billion dollars of newly borne write-off for bad loans, the share price stays the same level. The share is still trading with the market capitalization of the bank to be about 20 billion dollars.

  9. Condition of Capital Markets (3) Japanese do not invest much into Stocks 1420 Trillion Yen 7.2 % 54% Japan 32.1 Trillion Dollar 11.9 % 34.1% U.S. 0% 20% 40% 60% 80% 100% Cash & Deposit Bond Investment Trust Stock Insurance Others

  10. Diversity - Analysis Diversity is not recognized in Japan Needs to prevail the sense of diversity Needs for educational reform Needs for more to communicate in English ………

  11. Democracy - Analysis Democracy is not established in Japan Needs for the election system reform Needs for the media to become independent Needs for more disclosure of the nation state ………

  12. Capital Markets - Analysis Capital Markets is not working in Japan Needs for the independent SEC Needs for the reallocation of resources Needs for transparent corporate governance ………

  13. What to do? One idea is to create new indices, …not GDP, not Market Cap. Japan Diversity Index Japan Democracy Index Japan Capital Markets Index …and we track them.

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