国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

 
  | Home | News| Living in China| MMS | SMS | About us | Contact us|
   
 Language Tips > 2002

US Treasury Secretary Optimistic About Japan's Economic Reforms

U.S. Treasury Secretary Paul O'Neill said Wednesday in Tokyo that he is optimistic about prospects for Japanese economic reform. He also said the nation's prolonged economic slump is starting to drag on the global economy.

Secretary O'Neill said at a news conference in Tokyo that Japan has performed far below its potential for the past decade. The Japanese economy is in a recession, as it has been for much of the past 11 years, and the country faces a banking crisis.

However, he says the world's second largest economy could rebound, because the country has a diligent work force and its best firms, such as car maker Toyota, are highly competitive around the world. "I have developed a conviction about Japan that Japan can accomplish whatever it wants. The only question is what does Japan want?," secretary O'Neill said.

The secretary, who spoke after a Tokyo conference on Afghan reconstruction, says a weak yen cannot revive Japan's troubled economy. The yen has fallen by about 12 percent against the dollar since September, and it is down more than two percent since the end of December.

Some Japanese policymakers have indicated they want a cheaper yen. It helps the economy by making Japanese exports less expensive for overseas buyers.

Mr. O'Neill also urges Japan to quickly resolve the problem of bad bank loans an issue he and other U.S. officials have frequently mentioned in recent months.

He also warns of potential capital flight from Japan, where interest rates are at about zero. "Over any reasonable period of time, the capital that is invested in Japan has to produce a competitive rate of return, otherwise the money will go away," secretary O'Neill said.

Regarding the U.S. economy, Mr. O'Neill says the conditions for economic recovery are now in place. He notes that there are renewed hopes for congressional approval of a stimulus package, to more quickly lift the United States out of its own recession, now nearly a year old.

Amy Bickers VOA News Tokyo

 
Go to Other Sections
Story Tools
 
Copyright by chinadaily.com.cn. All rights reserved

版權(quán)聲明:未經(jīng)中國(guó)日?qǐng)?bào)網(wǎng)站許可,任何人不得復(fù)制本欄目?jī)?nèi)容。如需轉(zhuǎn)載請(qǐng)與本網(wǎng)站聯(lián)系。
None of this material may be used for any commercial or public use. Reproduction in whole or in part without permission is prohibited.
 

 

灵山县| 旌德县| 鹤壁市| 开封县| 老河口市| 镇平县| 绩溪县| 左权县| 石林| 云龙县| 万盛区| 双鸭山市| 抚松县| 孟村| 尚义县| 普安县| 蒙山县| 东台市| 蓝田县| 太湖县| 两当县| 高青县| 读书| 徐闻县| 顺平县| 聂拉木县| 长丰县| 鹤庆县| 分宜县| 观塘区| 获嘉县| 兴仁县| 涞水县| 漳浦县| 盐边县| 维西| 台州市| 潼南县| 西盟| 宜丰县| 治县。|