Masahiro Kawai
Masahiro Kawai
Masahiro Kawaiwas an infielder for 23 years in Nippon Professional Baseball, primarily with the Yomiuri Giants. Known for his defense and bunting, he won several Gold Gloves, made two All-Star teams and set several sacrifice hit records...
Masahiro Kawai quotes about
currency perhaps single
Perhaps a single currency may come after that.
asian collapse decline dollar east generate ought point ready sharp small turmoil
The possibility of a US dollar collapse or sharp decline may be small at this point but it would generate very significant turmoil so East Asian economies... ought to be ready for that.
attractive create plan possible several
We have a plan to create several indexes, but we want to make these indexes as attractive as possible to the market.
account asian continuous countries current deficit financing suggestion
Our suggestion to Asian countries is: Don't take this continuous financing of the U.S. current account deficit as a given.
consequences countries eventually exchange experience foreign monetary policy tells
Experience in many countries tells us that by accumulating foreign exchange reserves, eventually the monetary policy consequences could be big.
certain countries exchange foreign greater larger rate suggesting
We are suggesting greater exchange rate flexibility for certain countries which are accumulating larger amounts of foreign reserves.
ahead asia bond deepening east emerging faster markets moving
Bond markets are deepening worldwide, but emerging East Asia is moving ahead at a faster rate.
account change current economy existing given global hitting market shock
Any shock hitting the US economy or the global market may change investors' perceptions given the existing global current account imbalance.
asian banks bond central focus market private sector strengthen
Asian governments, central banks and the private sector will have to focus more on bond market development and really strengthen market infrastructure.
china exchange foreign perhaps
Perhaps China is accumulating too much foreign exchange reserves.
allowing appreciation chinese currency desirable economy exchange foreign quite region reserves rising sake
Allowing a little more currency appreciation can be quite desirable for the sake of the Chinese economy and the region as a whole. The Chinese economy is quite resilient. At the same time, foreign exchange reserves are rising fast.
progress quite
There's been significant progress, but that progress is not quite enough.
exchange external individual quite rates relatively stable supported
The individual exchange rates won't be supported officially...but if this index is relatively stable vis-a-vis external currencies then it's quite useful.
bit growth market previous rate
The market is still growing. But the growth rate in 2005 moderated a little bit from the previous year's growth.