The Program on Alternative Investments of the Center on Japanese Economy and Business presents:The Japanese Government as a Portfolio Manager: Managing the Nation's WealthTuesday, October 21, 20081:30- 6:10pm (with a reception to follow)Grand Prince Hotel Akasaka (1-2, Kioi-cho Chiyoda-ku, Tokyo, Japan)Simultaneous translation provided in both English and JapaneseThe conference will examine a variety of issues underlying the debate on sovereign wealth funds in Japan. Speakers will consider individual pension account reform, investment by SWFs into Japan, governance of pension funds, management of foreign exchange reserves, and the relationship of these and other issues to building Tokyo as an international financial center.Agenda1:30-1:45p.m. Opening RemarksAlicia Ogawa, Director, Program on Alternative Investments, Center on Japanese Economy and Business, Columbia Business School1:45-2:15 Opening Keynote Speech: Investment of Public Pension Reserve-Objectives and StrategyKeynote Speaker:Takahiro Kawase, President, Government Pension Investment Fund (GPIF)2:15-3:15 Session I: Does Japan Need a SWF?: Issues And ObservationsModerator:Robert Alan Feldman, Director of Economic Research Department, Morgan Stanley Japan, Ltd.Panelists:Masaharu Sakata, Director of Private Equity Investment-Pension Investment Department, Pension Fund AssociationTaisuke Sasanuma, Representative Partner, Advantage Partners, LLPCheng Chih Sung, Managing Director and Chief Risk Officer, the Government of Singapore Investment CorporationYo Takeuchi, Chief Financial Officer, Development Bank of Japan Inc.3:15-3:35 Coffee Break3:35-4:35 Session II: Japan as a Recipient Country: Experience And Observations Moderator:Alicia OgawaPanelists:John Ehara, CEO, Unison Capital, Inc.Takeshi Isayama, Chairman, Carlyle JapanTakatoshi Ito, Faculty of Economics, The University of TokyoTakehiko Nakao, Senior Deputy Director-General of International Bureau, Ministry of Finance, JapanProfessor Ito is now scheduled to speak at Session II, instead of Session I.4:35-5:35 Session III: Creating a Fund Management Industry in JapanModerator:Hugh Patrick, Director, Center on Japanese Economy and Business, Columbia Business SchoolPanelists:Junichiro Sano, Chief Executive Officer, Dalton Investments K.K.Clifford Shaw, Advisor, Program on Alternative Investments, Center on Japanese Economy and Business, Columbia Business SchoolMamoru Taniya, Chief Executive Officer, Asuka Asset Management, Ltd.Bill Wilder, President & CIO, Nikko Asset Management Co., Ltd.5:35-6:05 Closing Keynote Speech: The Multilateral Policy Response to SWFsKeynote Speaker:Robert Kaproth, U.S. Financial Attaché; Representative, U.S. Department of the Treasury in Japan6:05-6:10 Closing RemarksHugh Patrick6:10-7:10 p.m. ReceptionThe registration fee is 10,000JPY for the conference and the reception. Advance registration and payment are required. A video of the presentations will be available on the CJEB website immediately following the conference and a detailed conference summary report will also be published on the CJEB website in English and Japanese for those unable to attend the conference.For any inquiries, please contact our Tokyo representative office via e-mail at cjebcpinc.co.jp or via phone at +81-(0)3-5280-0825.