Again, good morning and welcome to the fifth annual United Statesjapankorea trilateral symposium organized by International Student conferences and generously sponsored by Sasakawa Peace foundation usa and the Korea Foundation. We thank you all for joining us on this cold and blustery day as impacted hopefully other parts of the east coast more than us but we know it wasnt the easiest commute this morning. For those of you that i follow us and paying attention today on social media we like to point out that we have greater a hashtag for todays conference and that is hashtag isctrilat. For those of you not following on instream and twitter that at so my name is Alexander Evans and i will be your master of ceremonies for todays event and i currently work as the research and Program Coordinator at the center for east Asian Studies within Johns Hopkins. The preps perhaps more portly r todays event i am a lump of the 63rd japan america student conference back in 2011. I think in a lot of wa
Are at isctrilat d. C. So my name is Alexander Evans and of the your master for todays event and i currently work as the research and Program Coordinator at the center for east Asian Studies within Johns Hopkins sais. Perhaps more important for todays event i am an alum of the 63rd japanamerican student conference back in 2011. I think in a lot of ways it was bad experience that really continued to motivate me to study japan put you on the path that i am in the creek of that experience. Particularly given that it was right after the march 11 triple disaster, an opportunity when japan was not open to many students to be able to go in and have persontoperson exchange with something that i would say it may sound corny but i changed my life. And so before we get started today will have a couple introductory marks so i would first like to introduce ms. Linda butcher, secular director of isc. Prior to this role she served as a director of Media Relations and Public Affairs at the current Eco
Up investors are nervous about whats happening in the bond market is that what this is about i think thats part of it but also the impact on health care from the announcement that we had this morning from mr. Buffett and jamie dimon and amazon is enclosuclearly is havn impact the expectation would be that youd see increased m a in 2018 when youre getting significant selling like youre getting in the managed Health Care Space youre going to see a dow tape clearly under pressure. Steph, the dow was down 350 around there, at the low yesterday sold off into the close. Whats this about . I think it is a little bit about rates but not fundamentals of the economy, its not about earnings because earnings continue to go higher. Its about getting overbought. Were up 7 in january still the best since 1989. However, youre up on top of 19 last year. So weve had a nice rally. We havent had big corrections, we havent had big pullbacks sure, rates are going higher and its something to be mindful of. B
Points s p sitting at 60 or so points above its low. Were watching a whole bunch of Different Levels today notwithstanding the bottom right hand corner, thats the yield on the tenyear note, 2. 85. Its been higher than that today. That, joe, seems to be the focus of attention that level about a fouryear high as it creeps apparently ever closer to 3 . Yes and i think the market right now has this paradigm shift where we are going from remember the new normal, everyone was talking about the new normal were going back to the normal and i think thats exactly what the markets right now are trying to understand. Were not really going to get any insight on fed chair powells feelings about the market until he goes before guess and the senate i think he does that february 28th and march 1st we need some certainty what is he fighting is he fighting what other fed chairs over the last couple of years have wanted to fight, which is deflation, or is he now fighting inflation we dont know what hes fi
Effective how we ultimately classified . At this point if the questions on there, at this point was to be classified openly as white, correct . That depends what omb decides. Thats something we are waiting. A good question. One of the standards that the office of management and budget is contemplating right now is whether mena should be a new minimum category. So they are going to make the decision whether that is the case or not. Right now the Census Bureau classifies mena under white and thats how we are proceeding forward until were told otherwise. We are going to move on to the other speakers and then well opened it up for a discussion as to before i know the pdc has been working on this issue literally since were founded about 37, 40 some years ago and i got involved when he came on board but i can tell you these guys test everything to death. They literally test where they put commas, so you may put this is a slow, arduous process, and it is, but as i say, well get there. Next i