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SYMPOSIUM ON BUILDING THE FINANCIAL SYSTEM OF THE 21ST CENTURY

AN AGENDA FOR & THE UNITED STATES HARVARD UNIVERSITY, CAMBRIDGE, MASSACHUSETTS • SEPTEMBER 14-16, 2007

Japan Participants:

Seiji Adachi Resident Corporate Representative in the U.S., Stock Exchange, Inc. Tomoaki “Andy” Ando Director, Managing Executive Officer, The Sumitomo Trust & Banking Co., Ltd. Akira Ariyoshi Director, Regional Office for Asia and the Pacific, International Monetary Fund Jeffrey R. Bohn General Manager, Head of Financial Strategies Division, Shinsei John Ehara Partner, Unison Capital, Inc. Kunio Fujimoto Executive Vice President and Chief Financial Officer, of America Atsushi Fukui Partner, CPA, KPMG AZSA & Co. Takashiro Furuhata Executive Director, The International House of Japan, Inc. Yasuhiro Harada Chairman and Co-Chief Executive Officer, Rating and Investment Information, Inc. Ryusaburo Harasawa Managing Director - Chief Executive, Operations and Systems Unit, The Bank of Tokyo- Mitsubishi UFJ, Ltd. Takayoshi Hatayama Advisor, ABeam Consulting Ltd. Takatoshi Ito Professor, Graduate School of Economics, The University of Tokyo Tadashi Iwashita Chairman, Lone Star Japan Acquisitions, Ltd Hiroyuki Kamano Partner, Kamano Sogo Law Offices Yasuo Kanzaki Special Advisor, Nikko Citigroup Limited Yasushi Kanzaki Director for Postal Savings and Insurance Supervision, Financial Services Agency, Japan Shigesuke Kashiwagi President & Chief Executive Officer, Nomura Holding America Inc. Takako Kawasaki Manager, Investment Management Services, Bayview Asset Management Co., Ltd Kozo Koide Chief Economist, DLIBJ Asset Management Co., Ltd. Tetsuya Kubo Managing Director & Head of the Americas Division, Sumitomo Banking Corporation Shizuharu Kubono Vice Chairman, The Life Insurance Association of Japan (LIAJ) Junichi Maruyama Deputy Commissioner for International Affairs, Financial Services Agency, Japan Shigeki Matsushima Chairman, Mizuho Securities USA, Inc. Hajime Matsuura U.S. Correspondent, The Nikkei Naoko Nakamae Business and Finance Correspondent, The Economist Kazuki Nakamoto Director, Managing Executive Officer, Daido Life Insurance Company Tomoo Nishikawa Managing Partner, Nishikawa & Partners Tadashi Nunami General Manager for the Americas, Bank of Japan Hiroshi Ota Advisor, The Federation of Electric Power Companies Takashi Oyama Adviser, Norinchukin Research Institute Taisuke Sasanuma Representative Partner, Advantage Partners, Inc. Setsuya Sato Executive Director, UBS Securities Japan Ltd Naoyuki Shinohara Vice Finance Minister For International Affairs, Ministry of Finance Yoichi Consul General, Consulate General of Japan - Boston Yoshiteru Suzuki Senior Managing Director, Cerberus Japan K.K. Naoki Tabata Senior Advisor, RHJ International Japan

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SYMPOSIUM ON BUILDING THE FINANCIAL SYSTEM OF THE 21ST CENTURY

AN AGENDA FOR JAPAN & THE UNITED STATES HARVARD UNIVERSITY, CAMBRIDGE, MASSACHUSETTS • SEPTEMBER 14-16, 2007

Yoshikazu Takeda Managing Director, General Manager for the Americas and Europe, Nippon Life Insurance Company Yo Takeuchi Senior Executive Director, Development Bank of Japan Ryoichi Ueda President and Chief Executive Officer, Mitsubishi International Corporation Junichi Ujiie Chairman, , Inc. Tomoyoshi Uranishi Senior Executive Officer, , Inc. Akihiro Wani Partner, Linklaters Tokyo Hiroshi Watanabe Advisor to Ministry of Finance, Ministry of Finance Japan Tsutomu Watanabe Professor, Research Center for Price Dynamics, Hitotsubashi University Ken Yagi President and Chief Executive Officer, Bayview Asset Management Co., Ltd Jimpei Yamaguchi General Manager, Financial Planning Department, & Nichido Fire Insurance Co., Ltd. Shuji Yanase Of Counsel, Nagashima Ohno & Tsunematsu Yukio Yasuda General Manager, Americas Division, Mizuho Corporate Bank, Ltd. Masamichi Yokoi Chairman & Chief Executive Officer, Daiwa America Corporation Yoichiro Yokoyama Director General, Treasury Department, Development Bank of Japan Naoyuki Yoshino Professor, Department of Economics, Keio University

U.S. Participants:

David L. Asher Principal, Medley Capital Management Sharon Baker Morin Chairman & Representative Director, State Street Trust and Banking Co., Ltd., Japan Laurence W. Bates General Counsel, Japan , General Electric International, Inc. Brandon Becker Partner, WilmerHale Clarke Camper Vice President, Global External Affairs, GE Money Thomas F. Cargill Professor of Economics, University of Nevada, Reno Andrew Conrad Senior Vice President and Counsel, Aflac International, Inc. Kenneth W. Dam Max Pam Professor Emeritus of American and Foreign Law and Senior Lecturer, University of Chicago Law School Robert Dohner Deputy Assistant Secretary for Asia, U.S. Department of Treasury Royanne Doi Senior Vice President and Senior Regional Counsel for Asia Pacific, State Street Bank Robert Alan Feldman Managing Director, Morgan Stanley Japan Securities Co., Ltd. Matthew Goodman Managing Director, Stonebridge International LLC William W. Grimes Associate Professor of International Relations, Boston University Robert F. Grondine Partner, White & Case LLP Joseph Guastella Principal, Deloitte Consulting LLP David Hale President, Hale Advisers LLC Lyric Hughes Hale Founding Publisher, China Online, Inc. William W. Hunt President & Chief Executive Officer, State Street Global Advisors Yoshihide Ito Partner, Bingham McCutchen Murase LLP William F. Jarvis Managing Director, Commonfund Institute

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SYMPOSIUM ON BUILDING THE FINANCIAL SYSTEM OF THE 21ST CENTURY

AN AGENDA FOR JAPAN & THE UNITED STATES HARVARD UNIVERSITY, CAMBRIDGE, MASSACHUSETTS • SEPTEMBER 14-16, 2007

Masaaki Kanno Managing Director and Chief Economist, Japan, JPMorgan Securities Asia Co., Limited Richard Katz Co-Editor, The Oriental Economist Report Yasushi Kusaka Director of Business Development, Genworth Mortgage Insurance Corporation Charles D. Lake II Vice Chairman and Representative in Japan, Aflac Japan Clay Lowery Assistant Secretary for International Affairs, U.S. Department of the Treasury Jonathan S. Malamud Corporate Vice President, Chief Legal Officer, The Prudential Life Insurance Company, Ltd. Geoffrey Matsunaga General Counsel Japan, Genworth Mortgage Insurance Corporation James McDonald President and Chief Executive Officer, Rockefeller & Co., Inc. Peter McKillop Senior Vice President, Global Consumer and Small Business Bank Communications Executive, Bank of America Victoria Melendez Managing Director, Rockefeller & Co. Barry Metzger Partner, Baker & McKenzie LLP Curtis J. Milhaupt Fuyo Professor, Japanese Law & Legal Institutions; Director, Center for Japanese Legal Studies, Columbia Law School Anthony M. Miller President, Ramius Capital Group Japan, Ltd. Arthur M. Mitchell III Senior Councilor, White & Case LLP Bernard E. Munk President, Munk Advisory Services Satoru Murase Partner, Bingham McCutchen Murase LLP Chester Murray Executive Vice President, International, Moody's Investors Service Allan O'Bryant President, Yunzei Capital, LLC Hugh T. Patrick R.D. Calkins Professor of International Business Emeritus and Director, Center on Japanese Economy and Business, Columbia Business School Robin Radin Associate Director, Program on International Financial Systems, Harvard Law School Wilbur L. Ross, Jr. Chairman & Chief Executive Officer, WL Ross & Co. LLC Jathon Sapsford Head of Tokyo Corporate Communications, Morgan Stanley Japan Securities Co., Ltd. Charles D. Saunders Senior Portfolio Manager, NorthRoad Capital Management LLC Hal S. Scott Nomura Professor and Director, Program on International Financial Systems, Harvard Law School David J. Semaya Chief Executive Officer Europe & Asia ex-Japan, Barclays Global Investors Henny Sender Senior Special Writer, The Wall Street Journal Roger Servison President, Strategic New Business Development, Fidelity Investments Clifford Shaw Chairman, Chamberlain Holdings, Limited David L. Shuler Chief of Staff, New York Stock Exchange, Inc. Mark Siegel Managing Director, Elliott Advisors (Asia) Limited Allan D. Smith General Counsel, AIG Companies, Japan and Korea Shauna Steele Senior Counsel and Program Manager, Office of International Affairs, U.S. Securities and Exchange Commission David Stoughton Senior Vice President, Asia Card Services Executive, Bank of America Elizabeth Varet Chairman, American Securities, L.P. Jack Wadsworth Advisory Director, Morgan Stanley Asia Limited/Morgan Stanley

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SYMPOSIUM ON BUILDING THE FINANCIAL SYSTEM OF THE 21ST CENTURY

AN AGENDA FOR JAPAN & THE UNITED STATES HARVARD UNIVERSITY, CAMBRIDGE, MASSACHUSETTS • SEPTEMBER 14-16, 2007

J Weinstein Deputy Director, Program on International Financial Systems, Harvard Law School Ayako Weissman Chief Investment Officer, AS Hirota Capital Management, LLC Christopher P. Wells Partner, White & Case LLP Bill Wilder President & Chief Investment Officer, Nikko Asset Management Co., Ltd.

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