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<<   作成日時 : 2008/11/21 02:32   >>

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※- "Japan's leadership"

- Message from the Prime Minister Taro Aso -

Last weekend, I attended the Summit on Financial Markets and the World Economy for the leaders of 20 nations, including both developed countries and emerging ones such as India and China.

Expectations for Japan stem from its experience in single-handedly recovering from the collapse of the bubble economy.

There are also expectations for Japan in view of the role that the world's second largest economy can perform.

Immediately after my speech, leaders including Prime Minister of India Manmohan Singh and Prime Minister of the United Kingdom Gordon Brown told me that they thought it was a good speech with a great deal of concrete content.

Although the summit was brief, limited to just two days, many of the concrete proposals Japan made based on its experience, including proposals on the importance of the injection of public funds, were reflected in the subsequent summit declaration.

Problems like the current crisis, including moral hazard issues, cannot be averted through reliance on US-style market fundamentalism.

Conversely, if we were only to strengthen regulations, as in Europe, the economy would not be so free.

The middle course may be the right one.

In discussions on financial regulation and supervision, too, Japan's proposals garnered the support of leaders of various countries.

It is the economies of emerging nations, such as India, that are growing significantly.

The global economic pie as a whole will not get bigger unless these economies are supported.

To this end, Japan announced that it is prepared to lend a maximum of 100 billion dollars to the International Monetary Fund (IMF).

This demonstration of leadership by Japan was evaluated highly by Managing Director of the IMF Dominique Strauss-Kahn.

In a special statement on Japan, he said that the country had made "a major contribution to maintaining the stability of financial and capital markets."

We are now facing a so-called once-in-a-century financial crisis.

A crisis, though, presents opportunities for the future.

History shows us that a new order arises when a crisis is overcome.

At the summit, we were able to agree on specific actions that nations need to take in concert.

It goes without saying that taking these actions is of the utmost importance.

It was a historic summit at which the world took, at the very least, its first major strides toward overcoming the crisis.

The day after I returned home, I received a sudden request for a meeting from President of the Democratic Party of Japan (DPJ) Ichiro Ozawa.

During the meeting, he stated that a second supplementary budget should be submitted to the current Diet session.

If not, the DPJ would not allow a vote to take place in the House of Councillors on measures such as the bill to extend the new Anti-Terrorism Special Measures Law.

The purpose of the bill is to enable Japan to play a part in the international community's fight against terrorism through the continuation of its replenishment support activities in the Indian Ocean.

It has absolutely nothing to do with the second supplementary budget.

Politics that turns its back on the decision-making process will not lead to any progress.

The DPJ still avoids party leaders' debates.

If the DPJ does put the people first, instead of political point-scoring, it should engage in the Diet discussion openly and squarely, and join hands with us in making decisions that are in the interests of the people.


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