Takahiro Miyao's Radio Institute of Global Communications: No. 24, October 2, 2005

Takahiro MIYAO (Professor, GLOCOM)

Partial transcript and translation from Prof. Miyao's Radio Program, posted here with permission of Radio Nikkei

Takahiro Miyao's Radio Institute of Global Communications: No. 24
Radio Nikkei daiichi hoso ; BS Radio Nikkei 300 ch.
Broadcast time:	October 2 (Sunday) 19:00-19:30
Recording place:	Recorded in Radio Nikkei's Studio
Program:	1. Introduction 2. Virtual Discussion 3. Trend Research 4. Concluding Remarks
Audio:	Radio Program  (Windows Media Player) (Mainly in Japanese but some parts in English) Asia Station Web site (in Japanese)

Introduction

Hello, how are you? The hot summer is finally over and the weather is finally cooling down, just as the Koizumi election fever seems to be gradually cooling down in Japan. Today, I will first have an interview with Mr. Atsuo Mihara, a stock market specialist, whom I have known for about twenty years. I will ask Mr. Mihara about recent trends in the stock market as well as the Japanese economy as a whole. Next, I will take up an important article entitled "importance of CSR for Corporations to Play a 'Public' Role" written by Fuji Xerox Chairman Yotaro Kobayashi, who is also the president of the International University of Japan. Here, CSR means Corporate Social Responsibility, which is widely regarded as very important in corporate management nowadays. It should be quite interesting, so please stay tuned.

Virtual Discussion

Today, we have an interview with a notable economist, Mr. Atsuo Mihara, whom I have personally known for about two decades. I am always impressed with his insight into the workings of the stock market and the economy as a whole.

(A summary of the interview with Mr. Mihara can be seen in the October issue of our Newsletter: http://www.glocom.org/newsletters/newsletter_20050930.pdf)

Trend Research

In this corner I would like to take up an important article, "Importance of CSR for Corporations to Play a 'Public' Role," written by Fuji Xerox Chairman Yotaro Kobayashi、who states in this article that in Japan the government and, probably more importantly, business corporations have been offering public services for the sake of workers and the general public in the past. But nowadays both the government and businesses are under the pressure of restructuring and reorganization so that some public services are being drastically cut or even eliminated. So, it is important to redefine the role of the public sector, and business corporations should provide skills, personnel and experience to play a new role in offering public services in a new framework. Then, Japanese society could change significantly, according to Mr. Kobayashi.

Concluding Remarks:

If you have any comment on today's program, please contact us through our Radio Nikkei homepage (www.radionikkei.jp/joho). Actually you can hear our past broadcast program through our homepage. I hope you enjoyed today's program. Our next program will be on the first Sunday in November, that is, November 6. See you then.