Haruhiko Kuroda: Global economy - challenges and policy responses

Keynote speech by Mr Haruhiko Kuroda, Governor of the Bank of Japan, at the T20 Summit, Tokyo, 27 May 2019.

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

Introduction

It is a great honor for me to deliver this keynote speech at the T20 Summit. This year, Japan assumes the G20 presidency for the first time. The G20 Finance Ministers and Central Bank Governors Meeting in Fukuoka is fast approaching. I will be co-chairing the meeting with Deputy Prime Minister and Finance Minister Aso. We will be discussing various key issues regarding the global economy and finance. The T20, as an international forum for think tanks, has also debated a wide range of issues on the global economy, along similar lines to the G20 discussions, and has provided policy proposals. I believe those proposals from think tanks, with their expertise and unique viewpoints, provide valuable input for public sector policy management. Needless to say, it is important that the private and public sectors exchange views, learn from each other, and engage in constructive dialogue, in order to provide and implement better policies. Today, I would like to talk about the challenges and policy responses to the current situation in the global economy, hoping that my speech will contribute to the discussions at the T20 Summit.