Haruhiko Kuroda: A next growth model for Asian economy - beyond "the workshop of the world"

Speech by Mr Haruhiko Kuroda, Governor of the Bank of Japan, at the 2017 Northeast Asia International Conference for Economic Development, Niigata, 14 February 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Introduction

Thank you very much for inviting me to the Northeast Asia International Conference for Economic Development. I am honored to have the opportunity to speak to all the participants who have long devoted themselves to economic revitalization in Asian countries. I would like to extend my heartfelt gratitude to Representative Director Dr. Masahiro Kawai for giving me this valuable opportunity.

In 1993, when the Economic Research Institute for Northeast Asia was established, the world began to search for a new global landscape after the end of the Cold War. I think it was much to the point the reason for the establishment of this institute which focused on Northeast Asia, where former Eastern and Western bloc countries neighbor each other, and which attempted to develop together in a new partnership. Since 1993, as a result of the cooperation among northeast Asian countries, Asia has developed and become "the workshop of the world," leading the global economy.