Global Economic Outlook Summary

Key question has naturally been about international security after the 9/11 and whether it affects and how it impact the global economy. Global arrangements are important because the price is declining. Bilateral agreements is the problem. Therefore I will emphasise preventing this kind of slowdown. Fiscal stimulation with coordinated policy framework is further to be examined. How a recovery may be syncronized is so far less considered to achieve an effect. Here is to be noticed that there is a risk in coordinated efforts for the individual countries and regional productivity. Also, the state of Japan economy is important, to observe indications on deflation including inflation targeting. This discussion is at this known for the international society in a sense, and to continue with this program. Global demand to some extant can avoid these issues and solve any risk. The new fiscal policy in Japan will work out stability. Moreover, needed vehicle to get sustained growth is about structural reforms implemented while the advanced countries have to recognize that they cannot do business as usual. This is about a core global issue and the responsibility to structural change may concern the speed of a internal structure in the less advanced countries for get access to growth. For the global coordination it is important to pay attention to the commercial competitiveness when coresponding to the issue of foreign companies and employees required for the foreign operations. The gap is about the time in implementing cultural change. The requirement to the national government for higher percentage of the profits from natural resources may not solve this issue in a general policy, but the development of new financial markets.

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