From the perspective of the outlook for the global economy, I have raised three issues today, namely balance sheet adjustments in advanced economies, growth potential of emerging economies, and debates on currency conflict. The exact nature of these issues will change considerably, depending on the policy responses of each jurisdiction.
It is therefore important for policy authorities around the world to promote better understanding and to cooperate closely with each other. Over the past decades, the world economy and financial markets have in fact been moving steadily towards globalization. However, at the same time, it is also true that we are still far away from perfect globalization.