In addition, even though economic growth is relatively high in the region, it is still important that Asia makes progress on the structural reforms that are necessary for it to maintain this growth over the medium- and long-term. IV.
Bank of Japan’s contribution to regional monetary cooperation in Asia  In the light of this discussion, I would like to outline the Bank of Japan’s contribution to regional monetary cooperation in Asia. The European Council and the European Commission have played a major role in market integration in Europe, through what we might call “top-down integration”.