With regard to the global economic conjuncture, I don’t have much to add to the views expressed by my colleagues. In light of the persistent tensions in financial markets and slowing growth in the advanced economies, we need to keep a close watch on how the negative feedback loop between financial markets, asset prices and the real economy will play out going forward.
Lastly, we need to develop policy instruments and reform the financial system in global terms so that the world’s financial resources can flow into sectors with high productivity including the building-up of social infrastructure in Asian EMEs.