Inequality, Fragmentation, and Integration in the World Economy Presented by the Center on Japanese Economy and Business, Columbia Business School Co-sponsored by Mori Building Co., Academyhills

(simultaneous translation provided) Thursday, March 21, 2013 1:30 p.m. – 6:10 p.m. Roppongi Academyhills 49,Tower Hall (Roppongi Hills Mori Tower 49F, 6-10-1, Roppongi, Minato-ku, Tokyo 106-6149) Photographer:Daniel Baud Keynote Speech: Increasing Inequality within Countries: The Cost for the World's Economies Joseph E. Stiglitz, University Professor, Columbia University Agenda: 1:30 – 1:45 p.m. Welcoming Remarks Hugh Patrick, Director, Center on Japanese Economy and Business, Columbia Business School

1:45 – 2:45 p.m. Keynote Speech: Increasing Inequality within Countries: Joseph E. Stiglitz The Cost for the World's Economies Speaker: Joseph E. Stiglitz, University Professor, Columbia University Moderator: Hugh Patrick 2:45 – 4:15 p.m. Panel Ⅰ: Fault Lines in the World Economy ＊Note: The title of Panel 1 has changed. There is no change in the panelists. Moderator: Alicia Ogawa, Senior Adviser, Center on Japanese Economy and Business, Columbia Business School Panelists: Takehiko Nakao, Vice Minister of Finance for International Affairs, Ministry of Finance, John Lipsky, Distinguished Visiting Scholar, Johns Hopkins University David Weinstein, Carl S. Shoup Professor of the Japanese Economy, Columbia University Heizo Takenaka, Professor and Director, Global Security Research Institute, Keio University 4:15 – 4:30 p.m. Coffee Break 4:30 – 6:00 p.m. Panel Ⅱ: Japan and New Trade Agreements Moderator: David Weinstein Panelists: Peter A. Petri, Carl J. Shapiro Professor of International Finance, Brandeis University Motoshige Itoh, Faculty of Economics, University of Tokyo Yang Yao, Professor; Director, China Center for Economic Research, Peking University 6:00 – 6:10 p.m. Closing Remarks David Weinstein 6:10 – 7:40 p.m. Reception

Center on Japanese Economy and Business – Corporate Sponsors The New Global Financial Architecture Sponsorship Program Senior Corporate Sponsor Aflac Japan CJEB Corporate Sponsorship Program Lead Corporate Sponsor Corporate Sponsors Individual Sponsors of America Fuji Co., Ltd. Robert Alan Feldman Imuta and Associates Shigeru Masuda, Senior Corporate Sponsors Itoh Shokai Co., Ltd. CEO, ZERON Group, M.B.A.’74 Advantage Partners, LLP J.C.C. Fund of the Japanese Chamber Mitsubishi UFJ Trust and Banking Corporation of Commerce and Industry Friends of the Center Technology Corporation of New York, Inc. Hiroko and Satoru Murase Mitsubishi International Corporation Tsunao Nakamura Major Corporate Sponsors Sumitomo Hugh Patrick Daiwa Capital Markets America Inc. Insurance Company, Ltd. Co., Ltd. Corporation Mitsui USA Foundation Sadao Taura Company, Ltd. Mori Building Co., Ltd. Takata Corporation Saga Investment Co., Inc. Tsuchiya Co., Ltd. Sumitomo Mitsui Banking Corporation Yaskawa Electric Corporation As of January 11, 2013 This conference is part of CJEB's program, "The New Global Financial Architecture." Center on Japanese Economy and Business, Columbia Business School, Tokyo Conference Office Tel: +81-3-5809-2337 : +81-3-3863-3610 E-mail: [email protected] www.gsb.columbia.edu/cjeb