We regard the contacts and dialogue within the global central bank community as being most important and valuable. In addition, I would rate your invitation as being a reflection of your interest in Europe, and in economic and monetary developments there. Conversely, I can assure you that European interest in Asia has increased tremendously in recent years.
We are full of admiration for your cultural and economic achievements. We Germans, in particular, are well aware that economic progress is neither a miracle nor a matter of luck. Economic success has to do with wise policy decisions. And it also has to do with the capabilities and industry of human beings. The present day and age is distinguished by progressive economic integration.