As markets for Euro-denominated assets develop, the Euro should become increasingly attractive as a world reserve currency. The bid-ask spreads on average of, say, the separate currency government bonds of the Euro-11 countries before January 1, were wider than the spreads on average that should eventually emerge for new Euro-denominated issues.
Therefore, active discussion in the region to share the experience and wisdom in Asian economies can also be beneficial to other regions. Asian countries can make a substantial contribution to the global economy not only by achieving sustainable growth that balances both domestic and external demand, but also by playing an active role in discussions toward global challenges. Thank you for your attention.