If the balances do not reflect economic fundamentals, we then need to examine whether or not this divergence is the result of disequilibrium of the economy and finance and inappropriate policy measures. In order to realize sustainable and balanced economic growth, we cannot overlook excess current account imbalances that are not in line with fundamentals. Bilateral trade measures will not help resolve such imbalances.
These are primarily issues for multilateral and macro saving-investment consideration. Global imbalances will be discussed intensively at the G20 meeting this year. In particular, we will promote understanding that we need to examine whether the current levels of global imbalances are appropriate or excess, taking into account the importance of structural factors such as aging. III.