The United States has to address its fiscal imbalances and deal with the issue of the low level of savings in the overall US economy, which is a major issue. And it is also true for Japan and the rest of the world: we all have homework to do in order for the global imbalances to unwind in an orderly way.
I think we have done a very good job in the past, and we will continue to do so. 26) Has the risk of a disorderly global unwinding increased or decreased? Answer: There has been and there is an important risk for a number of years. That is absolutely clear.