Governance, Risk and Financial Impact of Mega Disasters

Akiko Kamesaka is Professor at Aoyama Gakuin University in Tokyo Japan, School of Business Administration. She is also the director of the Financial Markets Research Center, Aoyama Gakuin University, and she was a visiting research fellow at the Economic and Social Research Institute, Cabinet Office, Government of Japan. She has worked as an accountant at a large accounting firm in Tokyo, and has studied at the University of Tokyo graduate school of economics. Her interests include analysis on well-being, worldview, and investor behavior, and she has many publications in economics and finance. She received the Ibbotson Associates Japan Research Award at the Asia-Pacific Finance Association / Pacific-Basin Financial Management Society / Financial Management Association joint conference for her research on investor behavior in Japan. She was invited to speak at a panel on subjective well-being and sustainability at the 4th OECD World Forum, and has presented her work at many other large conferences and meetings. She has been conducting investor surveys in Japan with Professor Robert J. Shiller, who was awarded the Nobel Prize in Economic Sciences in 2013.Franz Waldenberger obtained his PhD in economics from the University of Cologne. After positions with the German Monopolies Commission and the German Institute of Japanese Studies (DIJ), he became Professor for Japanese Economy at Munich University. He has been visiting professor at various Japanese universities, including the University of Tokyo, Tsukuba University, Hitotsubashi University and Osaka City University. He serves as editor in chief of Contemporary Japan and as member of the editorial board of Asian Business & Management. Presently, he is on leave from Munich University to head the DIJ in Tokyo. His research focuses on the Japanese economy and corporate governance. Professor Waldenberger is member of the German Japan Forum and member of the board of the Japanese-German Business Association (DJW).

• Chapter 1 Financial Impact of Mega Disasters – Introduction.- Chapter 2 Japan’s Disaster Risk Financing – Framework and Policies.- Chapter 3 Analysis of the Possible Impact of a Tokyo Mega Earthquake on Japanese Public Finance.- Chapter 4 Law and Policy Responses to Disaster-induced Financial Distress – The Tsunami Victims of 3/11.- Chapter 5 How the Capital Market Reacted to the Great East Japan Earthquake – A Risk Perspective.- Chapter 6.- Systemic Risks – Common Characteristics and Approaches for Improving Resilience.