In my previous appearance before this Committee last October, my remarks focused mainly on the turbulence that was then evident in world financial markets and, in particular, on the problems that had emerged in a number of Asian economies.
Therefore, it is essential that we share our experiences and deepen our understanding of where the problem lies and how policies can address it. Above all, since future demographic changes can be predicted with some degree of certainty, we can prepare policy responses to their medium- to long-term trends in advance through constructive discussion.