I would say that the Japanese economy has an enormous potential, in my own understanding: human recourses are absolutely exceptional and you have a level of technology, of the capacity of innovation and of creativity, which is remarkable. That being said, there is a great problem, undoubtedly, which is the overall level of the public debt outstanding and the fiscal policy in general.
How have our countries performed and what are some development challenges we face? The mixed performances of PDMCs poses special challenges to our development partners such as the ADB. The vulnerabilities in our small island states due to reasons such our smallness in size, our large distances from each other and our remoteness from international markets are important considerations in our development efforts.