26 ordspråk av Haruhiko Kuroda

Haruhiko Kuroda

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For a Thai company this administrative cost could be huge.

We must intensify our efforts to build rails, roads and other cross-border infrastructure and coordinate the associated laws, rules and regulations. Financing will be a major challenge.

I think the Japanese economy has recovered and it can continue to grow by two to three percent (annually) in the next several years, although such growth is not so big compared with China or India.

But as a matured economy, like the US or European nations, the Japanese economy cannot grow by five or six per cent.

Since the size of Japan's economy is huge-it is three times bigger than China's-even a two to three per cent rate could provide enough growth momentum. I mean not only China, India but also Japan will be engine of growth, so to speak, for Asia and globally.

We will have on agenda faster growth perception. The economies are already growing fast and the meeting will discuss how ADB can assist in further accelerating this growth.

Eight per cent growth is sustainable in the coming five years or more if infrastructure is improved and economic reforms are continued. The rate of growth can even be accelerated to 9-10 per cent.

As of now, the annual financial aid to India is in the range of one to 1.5 billion dollars a year. ADB will increase this to two to 2.25 billion dollars.

The relationship between exchange rates and poverty reduction is not so direct, but a more flexible Chinese exchange rate would benefit Asia. It would make a difference.

Before we can realistically envisage any single currency, we have to have a single market as the European experience shows.

I am quite sure that in 100 years there will be much fewer currencies and central banks in the world.

Now that many of the East Asian countries have enough reserves, there is no need to massively increase the reserves from here for many countries.

It is true to say China has enough, or more than enough foreign exchange reserves.

(Long term) rates, if they were to adjust in an abrupt manner, could be a major risk.

We have to be very careful because people are suffering.

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