Investment has increased to some extent in parts of the country, aided by favourable financing conditions and in response to strengthening demand. But firms have not been willing to increase investment in the mining states, and have even reduced investment in Western Australia, where demand has been particularly weak.
Together with President William C. Dudley of Federal Reserve Bank of New York, I am very grateful to host this event here in Bali, Indonesia, where we can mix some meaningful discussions with the beauty of nature and culture of this island of Gods.