Haruhiko Kuroda Quotations

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.

Minister Miyazawa told me that Japan's foreign exchange policy was unchanged, and that excessive weakness of the yen was undesirable for the Japanese economy as well as for the Asian and world economy,

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.

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

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

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.

Our foreign exchange policy remains unchanged. Beyond that, I will not comment.

Our regions accomplishments in reducing income poverty are now well recognized, but an immense task lies ahead of us,

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

We now have an explosion of new trade and investment incentives - currently 15 under implementation, close to 10 signed, more than 20 under negotiation and at least 16 more proposed.

We have to be very careful because people are suffering.

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.

we will always take appropriate steps against an excessively strong yen.

as I have always said, it is desirable for dollar-yen rates to trade in a stable manner.

These economies may be delaying a necessary adjustment to high oil prices.

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.

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

For a Thai company this administrative cost could be huge.

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.

It's desirable that foreign exchange rates reflect fundamentals,

This is clearly the worst natural disaster in Pakistan's recent history. The images of ordinary citizens pulling friends and neighbors from the rubble will remain indelibly etched in our minds.

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

I don't think we can decide lightly on this very serious issue.