The Japanese economy, the world’s second largest, may be sliding into a recession with serious global repercussions. Inflation is at a ten-year high, incomes remain stagnant, and rising commodity prices are hurting Japanese manufacturers. With the country still struggling to recover from the downturns of the 1990s, Japan’s policymakers are working to find innovative solutions to these new economic and financial woes. Will Japan avoid a hard landing? How will its policy decisions impact the United States, one of its largest trading partners?

At this AEI event, Robert Alan Feldman, managing director of Morgan Stanley Japan, will discuss these and other questions. Topics will include the current state of Japan’s economy, prospects for future improvement, and the implications of this downturn for political and economic relations between the United States and Japan. AEI’s Desmond Lachman will respond, and Michael Auslin will moderate.