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On February 23, John Roos, U.S. Ambassador to Japan, Robert Hormats, U.S. Under Secretary of State, and Norihiko Ishiguro, Director-General of Japan's Ministry of Economy, Trade, and Industry, will join the Walter H. Shorenstein Asia-Pacific Research Center's Michael H. Armacost, William F. Miller, and Robert Eberhart, as well as prominent Japanese and American business leaders, academic experts, and government officials, will meet at Stanford for a roundtable dialogue on entrepreneurship and innovation in Japan. Larry Sonsini, Chairman of Wilson, Sonsini, Goodrich, and Rosati, will give the keynote address.

After the first Dialogue on Japanese Entrepreneurship held in February 2010, representatives from the U.S. and Japanese governments met in Tokyo on May 27, 2010, to consider ways to foster an environment that would promote new businesses and job creation. Utilizing data from the Stanford Project on Japanese Entrepreneurship (STAJE) and the American Chamber of Commerce of Japan, business representatives shared their views with officials of both governments on policies and practices that would encourage such growth. On November 13, 2010, the White House and the Prime Minister's Office formally launched the U.S.-Japan Dialogue to Promote Innovation, Entrepreneurship, and Job Creation, elevating it to a policy-level dialogue, with SPRIE-STAJE providing academic expertise. The February 23 event aims to build on the conversation about how to foster innovation through entrepreneurship.

The event will consist of a roundtable discussion on policies and ecologies to promote entrepreneurship and job growth. Following the keynote address, a panel discussion on smart grid technologies will take place with representatives from Cisco Systems, Toshiba, GE, Panasonic, Toyota, IBM, and officials of the U.S. and Japanese governments.

This event will be held closed session to facilitate more open dialogue and will involve Stanford students and scholars, business leaders, and government officials.

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U.S. Ambassador to Japan John Roos, speaking at a STAJE event in November 2010.
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This curriculum unit provides students with a multifaceted view of inter-Korean relations, asking them to study the relationship through the lenses of history, politics, economics, security, and socio-cultural and human dynamics. Finally, students apply their knowledge of inter-Korean relations to consider future prospects for the Korean peninsula.
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How do you effectively advise senior-level policymakers when a political crisis emerges? Stanford students taking the course U.S. Policy Towards Northeast Asia (IPS 244), sponsored by the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC), are learning and putting into practice these very skills. Over the ten weeks of the 2011 winter quarter, students will learn about contemporary U.S. policy towards Japan, China, and Korea, and about how to write and present policy-style memoranda to top-level government decision makers. They will also take part in an in-class simulation of a Six-Party meeting to negotiate North Korea's nuclear program.

Students cover a great deal of content in a short amount of time. "Ten weeks goes by pretty quickly," says course leader Michael H. Armacost, the Shorenstein Fellow at FSI and a former U.S. Ambassador to Japan and the Philippines. The real-world approach to the course is similar to what you would find in a professional international relations school, he explains. In previous years, Armacost has taught the course both alone and as part of a team with other former U.S. senior-level policy officials. The current course has been offered in the Ford Dorsey Program in International Policy Studies (IPS) for the last three years. It is co-taught with Daniel C. Sneider, the associate director for research at Shorenstein APARC and a former long-time foreign correspondent in Asia; David Straub, the associate director of the Stanford Korean Studies Program and a former U.S. senior foreign service officer; and Thomas Fingar, the Oksenberg/Rohlen Distinguished Fellow at FSI and a former Chairman of the National Intelligence Council.

In addition to providing a strong understanding of the U.S. foreign policymaking process, each week of the course is dedicated to a different aspect of the relationship of the United States with the countries of Northeast Asia, including Taiwan and the Russian Federation. Students will closely examine the history and dynamics between the great powers of the region; U.S. security relations with Japan and China; East Asian regionalism; democratization in South Korea; the North Korean nuclear crisis; and economics and human rights in China.

Although the case studies that the policy-writing exercises are based upon are hypothetical, they are closely tied to real-world issues and events. A previous year's case study dealt with tensions between China and Japan over rival claims to the Senkaku/Diaoyu Islands, anticipating the September 2010 conflict between Japan and China in the waters around these islands. The simulation exercise, another highlight of the course when students have the opportunity to collaborate with one another, is also closely tied to current regional events.

In addition to the rich content of the course and the expertise of its instructors, the diverse background of the students lends itself to the overall learning experience. Some of the students are pursuing a master's degree through IPS or the Center for East Asian Studies, while others come from the Graduate School of Business and various other Stanford units. Each year, there are always a few undergraduate students, who Armacost describes as "very strong," as well as early-career foreign affairs and military officials from Northeast Asia.

Interest in the course remains strong each year, and Shorenstein APARC will continue to offer it in order to provide solid, real-world policy training for the next generation of scholars and government officials.

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Michael H. Armacost, course leader for IPS 244, talks to students about the history of U.S. policy towards Northeast Asia. | Sarah Lin Bhatia
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War takes place in a different time and space. But I know I’m the same person who was doing those things, and that’s what tears at your soul. - Will Quinn, student of Nancy Sherman and former interrogator at Abu Ghraib
How do soldiers make moral sense of what they have seen and done in combat? Nancy Sherman, distinguished professor of philosophy at Georgetown University and the author of The Untold War and Stoic Warriors, explored the question on Feb. 22 during the 2010-2011 Drell Lecture, sponsored by the Center for International Security and Cooperation. In light of her years of research into the psyche of the American soldier, which have included hundreds of hours of interviews, Sherman has concluded that neither philosophy nor psychology alone can sufficiently answer the weighty question. Instead, the various forms of guilt a soldier may feel can span his or her entire ethos and must be examined more closely in order to identify ways in which soldiers can ease the moral burden of war. To Sherman, to merely accept a soldier’s guilt as the scourge, or “the tragedy of war,” is unacceptable.

Sherman’s introduction to the psyche of the soldier was personal: Her father, a World War II veteran, carried his dog tags on his keychain with him for 65 years before passing away just over a year ago. Sherman perceived her father’s choice to carry his dog tags not as one of honor, but instead as an obligation he felt to carry the moral load of his war. “He was a medic; he never fired an arm. But he carried the war, and what he saw in the war, with him.” 

To understand the moral psyche of the soldier, Sherman studies three forms of guilt: accident guilt, “luck” guilt and collateral-damage guilt. Accident guilt occurs when soldiers blame themselves for an accident that occurred under their watch. Sherman told the story of Capt. John Prior, who came to speak to her after the gun on a Bradley Fighting Vehicle accidentally fired, blowing off the face of a private under Prior’s watch. “It was as if an ice-cream scoop scooped out his face in front of me,” Prior told Sherman. “It was one of the few times in my life I’ve really cried.” Objectively, Sherman explained, one would not place blame on Prior because he was simply part of a causal chain and not the culpable link. But this fails to explain the despair, the self-indictment and the empathy that still invade Prior’s mind. “I’m the one who placed the vehicles. I’m the one who set the security. And as with most accidents, I’m not in jail right now,” he told Sherman. “Probably not a day goes by that I don’t think about it, even fleetingly.” In the case of Prior, Sherman says a deep moral accountability is at the heart of the soldier’s guilt, similar to the philosopher Nietzsche’s concept of “bad conscience.”

Luck guilt occurs when soldiers feel that by remaining alive following a catastrophic event of war, they betray those who gave their lives to battle, or feel, if they are not on the field of battle, that they are not sharing the burden shouldered by their comrades. Sherman told of when she visited the United States Naval Academy at Annapolis and spoke to marines who felt that they did not deserve to be surrounded by green scenery while their brothers fought in the deserts of Iraq and Afghanistan. The same was the case at the Army’s Walter Reed Medical Center, Sherman said. Even a student of Sherman’s at Georgetown spoke to her of the “dereliction of duty” he felt when insurgents in the Iraqi city of Tal Afar attacked a unit he formerly led, killing his friend. Sherman’s student yearned to have shielded his unit, even from thousands of miles away, and only after waging a moral battle within himself did he come to the reasonable conclusion that he could not, in fact, re-assimilate at home while also still protecting his friends on the war front.

Collateral-damage guilt affects soldiers whose actions result in the death of civilians. Sherman told the story of Col. Bob Durkin, who led a battalion in Baghdad during Operation Iraqi Freedom 2. Durkin told Sherman that his unit was “emotionally devastated” when children were killed in attacks on vehicle checkpoints. Soldiers would often go out of their way to order a medical evacuation for children, even when their own lives were still at risk. One might speculate that these soldiers rationally feel guilty, but Sherman believes that a deeper, moral intuition is at play: The soldiers internalize that they are not fighters at checkpoints; they are police, social developers – and healers. Their job is to remove children from the chaos that war has become, not watch as they are killed by a bomb meant for the soldiers.

Studying soldier guilt is especially pertinent to the current war in Afghanistan because the U.S. strategy there is grounded in population-centric, counterinsurgency warfare. Such operations require soldiers to restrain themselves from all-out battle and instead win the hearts and minds of the population they aim to protect from insurgent forces. Sherman argues that soldiers should be better trained and prepared to exercise restraint, thereby reducing the moral burden they carry in and after war. At the same time, she acknowledges the difficulty: When a soldier returns from war, the uniform does not come off so easily. As Will Quinn, a student of Sherman’s who once interrogated prisoners at Abu Ghraib, told her: “War takes place in a different time and space. But I know I’m the same person who was doing those things, and that’s what tears at your soul.”

The Drell Lecture series is an annual public event sponsored by CISAC. It is named for Sidney Drell, CISAC’s founding co-director.

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India's western state of Gujarat is positioning itself for overseas investment, having already attracted investment pledges from major domestic entities such as the Anil Dhirubhai Ambani Group and the Tata Group. Shorenstein APARC senior research scholar Rafiq Dossani, who participated in the January 2011 Vibrant Gujarat road show, emphasizes that amidst the excitement over economic growth, the state must still deal with the legacy of the communal riots in 2002 that killed hundreds of people and has led to the ghettoization of the state’s Muslims, who represent 10% of its population.
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Gujarat has attracted investment commitments for both traditional gas and coal power plants and renewable energy projects. | Dave Morris
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The Japanese economy has been stagnating for almost two decades. During this event, Takeo Hoshi will describe the findings of a report that he co-authored with Anil Kashyap of the Booth School of Business at the University of Chicago, the National Bureau of Economic Research (NBER), and the Federal Reserve Bank of Chicago. In the report, Hoshi and Kashyap utilized the neoclassical growth model in order to try to explain the causes of this stagnation and to identify policy choices that might help restore growth. Their focus was intentionally on longer-term issues, rather than the immediate challenges that are associated with the fallout from the global recession.

Looking at financial globalization and the collapse of the fixed exchange rate regime they found that by the end of the 1970s Japan could not rely on an undervalued currency to boost its exports. It had to rearrange its production system and other economic institutions to cope with globalization to reduce its reliance on external demand.

Japan's population structure was shifting and becoming increasingly elderly. Aging meant slower growth of the labor force. Declining fertility combined with aging eventually reduced the domestic saving that supported economic expansion during the rapid economic growth period.

Finally, monetary and fiscal policy performed poorly. The Bank of Japan consistently undershot its inflation objective. The government pursued massive fiscal stimulus during the 1990s and 2000s, so much so that Japan went from having the best debt position amongst advanced economies to the worst.

Hoshi is a Pacific Economic Cooperation Professor in international economic relations at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He is also a research associate at the Tokyo Center for Economic Research, and is on the board of directors for Union Bank. His major research area is the study of the financial aspects of the Japanese economy, especially corporate finance and governance.

He is a recipient of the 2011 Reischauer International Education award, the 2006 Enjoji Jiro Memorial Prize, and the 2005 JEA-Nakahara Prize. Among his many publications is Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001), which received the Nikkei Award for the Best Economics Books in 2002.

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Former Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at the Freeman Spogli Institute for International Studies
Former Professor, by courtesy, of Finance at the Graduate School of Business
takeo_hoshi_2018.jpg PhD

Takeo Hoshi was Henri and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for International Studies (FSI), Professor of Finance (by courtesy) at the Graduate School of Business, and Director of the Japan Program at the Shorenstein Asia-Pacific Research Center (APARC), all at Stanford University. He served in these roles until August 2019.

Before he joined Stanford in 2012, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at University of California, San Diego (UCSD), where he conducted research and taught since 1988.

Hoshi is also Visiting Scholar at Federal Reserve Bank of San Francisco, Research Associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER), and Senior Fellow at the Asian Bureau of Finance and Economic Research (ABFER). His main research interest includes corporate finance, banking, monetary policy and the Japanese economy.

He received 2015 Japanese Bankers Academic Research Promotion Foundation Award, 2011 Reischauer International Education Award of Japan Society of San Diego and Tijuana, 2006 Enjoji Jiro Memorial Prize of Nihon Keizai Shimbun-sha, and 2005 Japan Economic Association-Nakahara Prize.  His book titled Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001) co-authored with Anil Kashyap (Booth School of Business, University of Chicago) received the Nikkei Award for the Best Economics Books in 2002.  Other publications include “Will the U.S. and Europe Avoid a Lost Decade?  Lessons from Japan’s Post Crisis Experience” (Joint with Anil K Kashyap), IMF Economic Review, 2015, “Japan’s Financial Regulatory Responses to the Global Financial Crisis” (Joint with Kimie Harada, Masami Imai, Satoshi Koibuchi, and Ayako Yasuda), Journal of Financial Economic Policy, 2015, “Defying Gravity: Can Japanese sovereign debt continue to increase without a crisis?” (Joint with Takatoshi Ito) Economic Policy, 2014, “Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan” (with Anil Kashyap), Journal of Financial Economics, 2010, and “Zombie Lending and Depressed Restructuring in Japan” (Joint with Ricardo Caballero and Anil Kashyap), American Economic Review, December 2008.

Hoshi received his B.A. in Social Sciences from the University of Tokyo in 1983, and a Ph.D. in Economics from the Massachusetts Institute of Technology in 1988.

Former Director of the Japan Program at the Shorenstein Asia-Pacific Research Center
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Takeo Hoshi Pacific Economic Cooperation Professor in International Economic Relations Speaker Graduate School of International Relations and Pacific Studies, University of California, San Diego
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The countries of Northeast Asia and the United States share a twenty-year legacy of war, beginning with the outbreak of the Sino-Japanese War in 1931 until the formal conclusion of the Pacific War in 1951. Historical memories of this period are often conflicting, as reflected by the master narratives presented in textbooks, and serve to impede effective, lasting reconciliation. In its groundbreaking new publication History Textbooks and the Wars in Asia: Divided Memories (Routledge Press, 2011), edited by Gi-Wook Shin and Daniel C. Sneider, the Walter H. Shorenstein Asia-Pacific Research Center examines the evolution of master narratives in China, Japan, South Korea, Taiwan, and the United States in an effort to help lay the foundation for eventual historical reconciliation in the region. This is the first in a series of three books dealing with wartime memories and reconciliation.
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Except for specialists working on the period, the Korean Empire's (1897–1910) project to develop Pyongyang as the "Western Capital" (Sŏgyŏng) is not all that well known even among Korea historians. From the perspective of international relations, there can be no doubt that the Russo-Japanese War sealed independent Korea’s fate. All the same, in the last two decades or so, Korea’s own effort toward modernization has received more attention among historians who no longer dismiss the history of the Korean Empire as the tail end of the Chosŏn Dynasty. For sure, the official rhetoric that empires old and new have had two capitals conceals imperial Korea’s self-perceptions about its place in the civilized world of the past, the present, and the future. Moreover, scrutiny of the circumstances in which the government undertook the project before it came to a halt allows insight into the Korean Empire’s understanding of geopolitical realities at the time.

Eugene Y. Park is the Korea Foundation Associate Professor in History in the School of Arts and Sciences at the University of Pennsylvania. He is also the director of Penn's Korean Studies Program. Dr. Park completed his doctorate in East Asian languages and civilizations at Harvard in 1999 and has received numerous research grants and fellowships, including: a 2007–08 Seoul National University Kyujanggak Institute for Korean Studies Fellowship; a 2003–04 Korea Foundation Advanced Research Grant; a 1999–2000 Yale University Council on East Asian Studies Postdoctoral Fellowship; a 1996–97 Foreign Language and Area Studies Fellowship; and a 1995–96 Fulbright Fellowship. His research interests focus on the sociopolitical history of early modern Korea, and his current work examines the chungin ("middle people") to address questions of modernity, identities, and agency. His book, Between Dreams and Reality: The Military Examination in Late Chosŏn Korea, 1600–1894, was published by the Harvard University Asia Center in 2007. He has published chapters and articles in venues such as Journal of Social History and Yŏksa wa hyŏnsil.

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Eugene Y. Park Korea Foundation Associate Professor Speaker University of Pennsylvania
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