Haruhiko Kuroda: Opening remarks - G20 Finance and Central Bank Deputies Meeting

Opening remarks by Mr Haruhiko Kuroda, Governor of the Bank of Japan, at the G20 Finance and Central Bank Deputies Meeting, Tokyo, 17 January 2019.

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

Good afternoon. It is a great honor for me to work with you and to serve as co-chair with Minister Aso at the G20 Finance Ministers and Central Bank Governors Meetings this year.

The G20 was established in 1999, twenty years ago. It was the year when the euro was introduced and two years after the Asian Financial Crisis. I attended the inaugural meeting in Berlin as Vice-Minister of Finance for International Affairs. The main objective of the G20 was to promote cooperation among systemically significant economies including emerging market economies, in order to achieve stable and sustainable global growth. Later, the leaders' summit was initiated in response to the global financial crisis in 2008, and the G20 played a significant role in coordinating policy responses to the crisis. Since then, as the world economy has recovered from the crisis, the G20 has discussed a wide range of issues to promote strong, sustainable, balanced, and inclusive growth.