Special lecture held by Francois Villeroy de Galhau, Governor of the Banque de France

On Thursday, November 28, 2019, a special lecture was held by Francois Villeroy de Galhau, Governor of the Banque de France at Jyosui Kaikan Hall. (Host: Prof. Nobumasa Akiyama, Dean, School of International and Public Policy).

Followed by the introduction of Prof. Atsushi Yamada, Vice President of Hitotsubashi University, the Governor gave a lecture on “European Main Challenges Facing Economic Global Uncertainty”. He first started out by talking about BREXIT, and then explained that the unemployment rate has decreased substantially in France and the French growth is resilient while the International economic environment is deteriorating, such as the significant slowdown in global trade caused by trade dispute and the financial instability looming especially in emerging markets.

Furthermore, in the lecture he explained that Euro as the currency has achieved its initial purpose to stabilize price and exchange rate, but the European economic area cannot solve problems only with monetary policy. The key issue is to create a framework where private sectors which increased economic growth can take risks.

During Q&A time, the Governor has carefully answered each question from the students. Since the atmosphere was very lively, the time for Q&A exceeded the end time.

In spite of the bad weather, the hall was full with many students including those from other universities and members of society. The lecture was a huge success.

　
Many audiences gathered in the star hall of Josui kaikan for the special lecture.