Seminar

Friday 6 March 2026
6:00pm – 7:15pm

Japan’s Lost Decades: A Call for Fundamental Statecraft Reform

Drinks reception: 7:15pm – 8:00pm

13/14 Cornwall Terrace, Outer Circle (entrance facing Regent's Park), London NW1 4QP

Organised by the Daiwa Anglo-Japanese Foundation

Booking closed

The world is gripped by geopolitical crisis, with wars intensifying and tensions in East Asia running high. For Japan, still constrained by its ‘Lost 30 Years’, the central question is how to secure national interests and achieve true renewal.

The Committee to Examine Japan’s Lost 30 Years has formulated comprehensive proposals for the fundamental reform of national governance, which were presented at this lecture. The Committee contends that ‘the lost 30 years’ were in fact ‘the 30 years we lost’, the result of political and bureaucratic inertia. At the heart of the problem lies the absence of statecraft—the strategic, long-term management of the state.

The proposals demand a decisive break from the status quo. They call for deep electoral reform, including a reduction in Diet members, and advocate the construction of a new framework of statecraft that unites political leadership with effective executive governance.

A recording of this seminar can be viewed here:

About the contributors

Dr. Takashi Inoue

Dr. Takashi Inoue is Chairman of The Japan Public Relations Society (JPRS), and has been CEO of Inoue Public Relations since 1970. Dr. Inoue has also taught at major Japanese universities including Waseda and Kyoto. He chairs the “Research Committee on the Lost 30 Years” at JPRS. English-language publications include Public Relations in Hyper-Globalization (Routledge, 2018) and co-authored titles (with Lawrence Erlbaum, 2023, and Edward Elgar, 2025).

Paul Drechsler, CBE

Paul Drechsler, CBE is Lead Non-Executive Director at the UK government’s Department of Business and Trade, and President of the Society of Chemical Industry. He was formerly President of the Confederation of British Industry (CBI), and has held chairmanships and/or directorships at a number of UK companies and government agencies.

Waichi Sekiguchi

Waichi Sekiguchi is President of MM Research Institute. He was formerly an editorial writer and columnist at the Nikkei Shinbun, Japan’s leading specialist business newspaper, which owns the Financial Times. He was the paper’s Washington Correspondent during the Bush and Clinton administrations of the early 1990s, covering US trade and government issues.

Yukihisa Fujita

Yukihisa Fujita is a Visiting Research Fellow at the Department of Politics and International Relations, University of Oxford. Formerly Vice Minister of Finance, he was a member of the Japanese Diet for 18 years. He is Chairman of the International Initiatives of Change Association of Japan, which deals with business ethics and conflict resolution.

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