But if more and more people become able to assimilate and utilize various digital technologies, such as artificial intelligence and big data, then I think such technological advancements will insteadpositively affect employment and growth. A bigger pool of creative talent will enable the creation of new industries and new markets, and as a result new jobs.
This will in turn boost effective demand, and bring about a virtuous cycle of growth and employment. Ladies and gentlemen! So far I have discussed how employment-led economicgrowth can be achieved. As recently emphasized by the IMF, however, a success of this policy requires that structural reforms in various areas such as the labor market, industry and finance should be implemented in harmony.