The mobilization of big data and its processing through artificial intelligence (AI) has become a central issue for the financial sector and the broader economy. Its impact is expected to grow significantly in the coming years, affecting both the global economy and financial markets.

Japan, a pioneer in digital finance (particularly through the emergence and regulation of cryptocurrencies), is no exception to this trend. At the same time, the current trajectory of digital finance highlights the dominance of the United States and China in financial development and digitalization. This evolution raises important questions about the future of financial and economic systems in the digital era — not only in Japan but also in Europe.

More specifically, this shift allows financial market participants to harness new types of data — such as text and images — that were previously unexplored. This could enhance market efficiency, provided that the information processed is not overly noisy.

However, the growing reliance on AI algorithms also raises concerns about market stability, including risks related to algorithmic correlation or algorithmic collusion. It is equally important to consider the environmental impact of AI in this context. Moreover, the use of AI could have significant macroeconomic effects.

Productivity gains driven by AI are expected in the manufacturing sector (e.g. through AI combined with robotics) and notably in services (such as IT, publishing, etc.).

In particular, the adoption of AI could reshape competitiveness and further boost trade in services over goods. However, evidence remains limited regarding its potential impact on employment: to what extent and in which sectors will AI replace rather than complement human labor? Will it mainly affect low-skilled or high-skilled jobs?

Taken together, the macroeconomic effects of AI could have long-term implications for potential growth, inflation, and therefore monetary policy.

It is with this perspective that the Banque de France–Fondation France-Japon Joint Lab aims to bring together leading researchers from academia, central banks, and financial institutions to present their latest work on these issues. The goal of this collaboration is to provide a broader view of current trends, along with concrete findings and practical recommendations.

The workshop is supported by the Banque de France–Fondation France-Japon Lab, the Bank of Japan, the Canon Institute for Global Studies (CIGS), the Embassy of Japan in France, and the Embassy of France in Japan.

More information and full agenda here

Please note: On-site attendance is very limited — online participation is strongly encouraged.

Registration

Organizer

  • ambassade de france au japon,
  • Bank of Japon,
  • Finance and Insurance Reloaded – FaIR,
  • CIGS,
  • DIJ,
  • Banque de France,
  • Fondation France-Japon de l’EHESS

Location

Banque de France – 31 rue Croix des Petits Champs 75001 Paris