NIEs, ASEAN, etc. includes other Asian countries such as India and Bangladesh. 2. Motor vehicles and related goods includes motor vehicles, parts of motor vehicles, and power generating machine. IT-related goods includes computers and units, telecommunication machinery, semiconductors, audio and visual apparatus, and medical and optical instruments. Capital goods includes metalworking machinery, construction machines, electrical power machinery, semiconductor production equipment, and ships. 3.
*  *  Introduction  Thank you very much for inviting me to the Bank of Finland’s 200th Anniversary Conference1. It is an honor to take part in this panel session.