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Keynote speech - ASEAN+3 Economic Cooperation and Financial Stability Forum

· Haruhiko Kuroda, Governor of the Bank of Japan (Japan)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, inflation and price stability, financial stability

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· Haruhiko Kuroda Wiki · Bank of Japan WikiKeynote speech - ASEAN+3 Economic Cooperation and Financial Stability Forum

ContextKeynote speech by Kuroda Haruhiko, Governor of the Bank of Japan, at the ASEAN+3 Economic Cooperation and Financial Stability Forum, held by the ASEAN+3 Macroeconomic Research Office, Singapore, 2 December 2022.

Why it mattersKuroda calls for stronger Asian crisis-response mechanisms.

Problems raised
  1. Inflationary pressure is high globally.
  2. Rapid rate hikes tighten financial conditions.
  3. Asia must be prepared for crises.
Solutions proposed
  1. Enhance regional cooperation in Asia.
  2. Strengthen crisis-response mechanisms.
  3. Support the ASEAN+3 research office.
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