Transcripts For CSPAN2 Part 20240703 : vimarsana.com

CSPAN2 Part July 3, 2024

Issues, not economic ones. That being said, although they are intertwined these days when security is so critical to the United States and japan and to the philippines as well, that being said and the japanese as we all know are too polite to say this, there is unhappiness in japan over president bidens decision to publicly oppose the sale of u. S. Steel to nippon steel so we thought to focus on the importance of u. S. Japan cooperation on Economic Security, on reliable supply chains, on japans significant and longstanding direct investment across the United States and the potential benefits that an enriched u. S. Japan Partnership Offers to American Workers and allied technological leadership. All these things will be on the agenda at the white house next week. We have two panels of experts today. One on Economic Security that i will moderate and another on Foreign Direct Investments that my japan chair colleague will moderate. But first we have the honor of a keynote and discussion with governor from indiana. Now the governor, who is finishing his final term as governor, has a track record of balanced budgets, Infrastructure Improvement and low unemployment that are the envy of governors across the country, not only was he reelected in 2020 with the most votes in indiana history. He has focused on Economic Development and has turned indiana the best state to start a business and the First Quarter of 2024 alone, 45 Companies Committed to locate or expand in indiana, investing over 0 billion in operations creating over 5,000 new jobs. I just had breakfast this morning with the Korean Ambassador who is out in indiana with the governor and for an important announcement on a big investment in indiana. Indiana as well has more he sends his best to you, governor. Indiana has more Japanese Investment per capita than any other state with more than 300 japanese owned businesses, employing over 55,000 hoosiers and the governor rearranged his schedule to be with us here today, but unfortunately matt painter, zach edey and the boilermaker teammates had a better idea, to qualify purdue for the final four for the First Time Since 1980. I can say this as a onetime hoosier in indiana, nothing tops basketball, not even Japanese Investment, not even the indianapolis 500. The governor finds himself happily in arizona. We thank you for being with us and its my honor to turn it over to you, and we look forward to hearing your remarks. Thank you so much, governor. Good morning, and thank you all, especially for the invitation to speak with you on a topic thats very important and matters a lot to me and our citizens, hoosiers as you mentioned. It matters to us professionally and personally and quite frankly patriotically. The twoway trade relationships with our allies around the world are nothing short of what i would describe as one, a major one of our american superpowers, if you will. And that applies just as much at the state level as it does at the national level, as i am here to hopefully try to convey as the governor of one of those states, the great state of indiana. Its always a pleasure to bring a little bit of our Hoosier Heartland spirit where we actually get stuff done and try to export that to washington, d. C. , itself and now for those of you in the audience who may not be there are probably very few but may not be steeped in Hudson Institute lore, allow me to share a few things that may surprise you. First, ken who has just mentioned the Hudson Institute has the eyes to indiana was home to indiana for two decades, from 1984 to 2004, so four years after the boilers made it to the file four final four and ken first joined hudson when it was based in indianapolis. Even lived there for a while and by all accounts he liked it. So forgive me for blowing the cover of an influential washingtonian. But one of my and predecessors, as indiana governor, mitch daniels, he was also the president of hudson during some of that time and the institute helped to inspire a spirit of policy entrepreneurship and education and health care and Workforce Development and much more of that, that theme continues to this very day and has been instructive and i had the joy of working to sustain that very spirit that was first started and could be traced to hudsons contributions here on hoosier soil. You see in indiana to this day, we pride ourselves on being an incubator for innovative ideas and problemsolving, not just approaches and commitments with that special hoosier touch and it has by now become part of our culture and it is who we are proud to identify with, as problem solvers, people who get things done. Heres a thought. Hudson spent his first two decades in new york and his next two in indiana. Im thinking cyclically here. We embrace and promote the values that hudson held so dear and i think we are just the two guys that can make that move happen. Forgive me, but i hope i have at least demonstrated im always hustling, which brings me to another surprising fact about Hudson Institute in light of our topic our topic here today. Japan was not always recognized as an economic powerhouse, a major global player. Sometimes we take them for granted in todays world but one american saw it coming and his name was hermann con, the founder of the Hudson Institute. In 1970, he published a book called the emerging japanese superstate. The book was a work on futurism and unlike most, he didnt get every detail exactly right, but he got the big picture spot on and namely that japan would grow and prosper through its work ethic, its growth strategy, strategies and economic connections to the rest of the world. The book was a smash hit in japan, inspiring confidence in a nation that was still just 25 years beyond that wartime devastation. The book fortunately also inspired this institute to keep its i on japan keep its eye on japan. Rest assured that i do keep my eye ons fixed on my travel itinerary focused on japan as well, for many of the very same reasons. There is a strange to me counterproductive notion in some political circles today, may be more pronounced, that governors should not travel overseas because that somehow means youre taking your eye off the ball, or not paying enough attention to your home states benefit and my reaction to that is huh . I dont get it. Traveling abroad is one of the best ways to help my state and i think when you do the math, it becomes pretty obvious why. It is how we bring indianas Success Story to the world and how we seek out True Partners who want to Grow Together on both sides of the pond, whatever it may be. Over the last seven years, just to demonstrate i practice what i preach, ive had the privilege of leading 13 now, more international trips, covering 22 different countries, many of them more than once and one of those countries, three times and that country would be surprise surprise, japan. A bond that i and my predecessors have really come to treasure and cherish. Japan could not be more critical or paramount to our suspect Success Story and the indianajapan relationship is one that my fellow hoosiers and i take tremendous pride in. Its impact is woven into our economy, our education, our communities, deep roots, supply chain small business, deliveries to the big tier one, tier twos, tear threes, and really has just become part of our everyday life in sony different ways and if you really want the tape, we have come far fast, to nearly go back 40 years ago to use one milestone or one point, when a small but rising Japanese Company took a chance on indiana , it was 1986 and subaru had just made big news in indiana and in america and committed to located locating its first u. S. Manufacturing plant. Its First Manufacturing plant outside of japan, in lafayette indiana. That is when i would say looking back, the indianajapan relationship began to take root and as we see today, annually bloom in ways that we couldnt have envisioned 40 some years ago and since then, they have invested hundreds of millions, billions, hundreds of millions of dollars in resources into its indiana facility, expanding again and again in developing new talent and giving back to its community in the same could be said for honda and toyota. I remember when i moved down near princeton, indiana, when toyota first moved into what was then a field and built their first plant and that was about an 800 Million Dollar Capital Investment at the time. I was just down for another expansion not too long ago and they mentioned that they have now invested 6. 6 billion. From the initial euphoria and excitement of 800 million back in 1997, today almost knocking on 7 billion in investment is just quite amazing and shows you how people around the world have so many options in where to invest and reinvest and grow and they are doubling down so to speak on their commitment to indiana and us to them. With each new announcement, each new groundbreaking ribboncutting, each new car that rolls off the line, indiana and japan have invested outside of the plant or factory campus, so to speak, and we have invested in each other in so many different special ways, but we have really grown up together and growing stronger together, as a result. Our mutual success as i just alluded to has come in ways where now the home to over 300 Japanese Companies. It goes up every day but the last time i checked, about 1050 International Companies and of those, 300 are Japanese Companies alone. They support about 55 high quality careers. Not just jobs but careers for hoosiers and that stability that comes along with it. We likewise have indiana headquarter Companies Operating in japan, like eli lilly and company and cook medical and herschel laboratories and that list goes on and on as well. Just to name a few that you are familiar with. They are helping that collaboration and they are helping drive innovation and job creation, on both sides of the pacific. And as a matter of fact, right here in the heart of the heartland, indiana has the largest amount of Japanese Investment per capita of any state. That is a source of real personal pride but as i just mentioned, the supply chains that come with leading oems like honda and toyota and subaru starts to become obvious, why weve been able to obtain that ranking, and not only obtain it but hold onto it and grow it. They are not only helping us drive our economy and our Manufacturing Sector forward, but their leadership and mobility industry really does put us on the front lines of cutting edge advancements, much more broadly. I always think about it was mentioned that we value basketball more than racing. I think about the indianapolis motor speedway. Back in 1909, it was created as a test track for engines. Now you see over a century later we are still Testing Technology at that track, and you have the first japanese driver to win the indy 500 not only once but twice. Whenever we get together for a race, that invitation still stands. It is fascinating to not just be pulled into the thrill of the competition but it is fascinating to see all of the testing that is going on, and all of the innovation that is occurring but maybe does not look so obvious to every fan that is there. As indiana looks into the future, buying and investing in those innovations, by investing in initiatives that attract electric Vehicle Production and battery plants, battery recyclers, the whole ecosystem, we are ensuring that our two regions remain the worlds leaders in that very future of mobility, where both rnd and production intersect and then launch into the market, because the bottom line is our industries are only as strong as our two way trade framework holds up. That calls in a necessity for trust and experience, being there for a friend, a friend in need is a friend indeed and you have to back that up time and time again, in the good times and the challenging times, and that means up and down the supply chains both in importing and exporting as the chains themselves face the stress and strain, not only in terms of the justintime delivery but also ensure the just in case delivery can be met due to unforeseen threats or interruptions. A barge knocks out a bridge in baltimore, or putin invades ukraine or etc. The list goes on, but our ecosystem, our different sectors and the supply chains that go with it have to be able to respond to those occurrences and those shocks to the system, which is one thing that i am proud of and one thing that makes indiana stick out. I can assure you to and from indiana, our supply chains are strong and they continue to adapt and mature to make sure that we can continue to be strong in imports like computer and Electronic Components and machinery and metal products. All help support Industries Like those that are booming and our Semiconductor Production and life Science Innovation investments that are growing in this state, the state of certainty, the state of stability and predict ability predictability that offers a lot of continuity. I go back to my predecessors and the trajectory of trade and Capital Investment is almost like a hockey stick now, that momentum, that earned momentum is a real positive force for good and progress and we are benefiting from that right now and indeed trade is happening on a Competitive National scale, and 2022 a couple years ago, the United States as a whole, exported over 84 billion worth of goods while importing from japan. Which accounts for a disproportional 2 billion share of those u. S. Exports. We may be geographically a small state but we are packing a powerful punch. The fact that indianas relationship with japan extends far beyond the Business Investment and create career creation communities, the influenced contributions of the shared friendship can be seen in our governance in our policymaking and our educational system. Critical college and University Partnerships and record student enrollments and asian enrollments at purdue, at indian university, with 30 privates and of course publics and we are seeing those enrollments continue to take up and get a worldclass education and our goal is to make sure we are sticky and they stay in indiana. In our decades long people to people relationships, our sister state relationship and our relationships thats all over our state really do hold dear, they are built in to the committee cultures. You can see it in our global partnerships with the japanese government, and you can see it in our five japanese language saturday schools and continuous educational exchanges between indiana and japanese universities. You can see it throughout the communities where Japanese Investments took hold and a narco commitment to advancing quality and quality of place initiatives, and the opportunity for toyota investing millions of dollars back into hoosier communities in their region, they are funding Youth Development initiatives in southern indiana, down in princeton. Just one example. Like the ymca. Coming together in terms of place making initiatives, housing, etc. , to be part of the collaboration and the partnership, to improve and raise up that qualityoflife for their teammates, but also for people who dont work at toyota as an example. And you can also of course see it in our commitment from a state perspective, from our indiana Economic Development corporations perspective. We have a Branch Office in japan for the last 40 years, and it is busier today than ever. It is obviously no surprise, we are on a roll and there is a lot of momentum, so it is natural that our long close friend is helping drive that good and busy schedule. You can see it because we have created such a Solid Foundation for these relationships over the last 40 years, limestone, bedrock, to help build much of d. C. , including the pentagon. And we will continue to build on that foundation for the next four years and beyond. Im quite confident that the ties indiana and japan share our strong and storied and i believe they are working again, better than ever, because we are working together. It is kind of exhibit a, and this is so important and it is not taken for granted for one nanosecond. I would just say that it is at a premium. We live in these very unsettled times globally and i think that unsettled is the right word because these are still good times in many ways even though we see these threats around us, at home and in other parts of the world and here is where our company with many others in american elected or public life today, i do not believe that these unsettled times and rising threats will push the United States into economic isolationism. We simply cant allow that. We cant afford that. Indiana is exhibit a, on the alternative. It works. Earlier i alluded to the fact that this robust twoway trade, robust investment and our relation

© 2025 Vimarsana