If we truly want to deal with these imbalances bilaterally or multilaterally, you need to focus on more than just the currency, |
If we truly want to deal with these imbalances bilaterally or multilaterally, you need to focus on more than just the currency. |
If you truly want to deal with these imbalances, bilaterally or multilaterally, you have to focus on more than just the currency, |
India is a stop along the way toward visiting all those countries -- including China and Brazil which we visited earlier -- that we regard as having the potential to become the major economies of the 21st century, |
It does appear that after a very long period of stagnant growth, the Japanese economy is beginning to fire on all cylinders, most importantly the domestic consumption and investment cylinders. |
It does indeed help us to work with Congress to explain the enormity of the reform effort that needs to be undertaken here and how many of these things work together, |
It was an extremely successful weekend. |
It's like being kids again. |
It's our job at Treasury to be the sober voice of reason, to make others understand why protectionism is an inappropriate approach. Our job here is to promote free trade and capital flows and open markets. |
It's stronger language and it was designed that way. I think that reflects a consensus within the G-7. |
Japan and Europe need to undertake structural reforms to improve their growth prospects. Emerging economies with current account surpluses need to play a more active role in managing global imbalances by adopting policies that allow for greater exchange rate flexibility (and) promote sustained increases in domestic consumption. |
Oil prices remain high and buffeted by geopolitical developments. |
Our findings on this trip will be an important input, |
Properly presented, I think the routine publication of data would provide added information to reach fundamental judgments about exchange rate regimes. |
So far we're comfortable with the way they've been managing them and the way they plan to manage them in the future. If there were a level (that was too high) I would not want to offer that in an open setting, because it does have serious market ramifications. |