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TOKYO (Nikkei)--The U.S. and East Asian countries should build upon existing communication channels and establish a new network to facilitate dialogue, Japanese Foreign Minister Masahiko Koumura said Thursday in his opening address to the fifth annual Future of Asia conference held by The Nihon Keizai Shimbun.
TOKYO (Nikkei)--Indonesian Minister for Foreign Affairs Ali Alatas warned Thursday morning that social unrest and economic stagnation, as well as political turmoil, will result if the Indonesian people are not sufficiently convinced that the general election scheduled for next Monday is conducted fairly. He insisted on the importance of a free, fair and peaceful vote.
TOKYO (Nikkei)--Lee Hun-jai, chairman of the Financial Supervisory Commission of South Korea, said Thursday it was crucial that East Asian governments agree to resist the urge to devalue their currencies and engage in protectionist trade policies.
TOKYO (Nikkei)--Prime Minister Keizo Obuchi on Thursday night announced plans to compile by the end of December a comprehensive aid package to help reconstruct Asian economies.
TOKYO (Nikkei)--Asia has put the worst behind it and is now on an economic recovery track, Malaysian Prime Minister Mahathir Mohamad said Thursday at a conference sponsored by Nihon Keizai Shimbun Inc.
TOKYO (Nikkei)--Vietnam plans to open its first securities exchange in Ho Chi Minh City in the fourth quarter of this year, Vietnam's First Deputy Prime Minister Nguyen Tan Dung told The Nihon Keizai Shimbun Thursday.
TOKYO (Nikkei)--When a crisis strikes, companies should reduce credit sales without fear of hurting revenue, and current and new investments alike should be stopped in order to enhance cash-on-hand liquidity, the president of Siam Cement Co. said here Friday.
TOKYO (Nikkei)--Considering the current economic situation, there is no possibility that China will devalue the yuan, the head of the Bank of China told The Nihon Keizai Shimbun Friday.
TOKYO (Nikkei)--Bank of China head Wang Xuebing said Friday that China will continue to tackle reforms of its financial system to ensure stability. He told delegates at the Future of Asia conference, sponsored by Nihon Keizai Shimbun Inc., that regional and international cooperation is needed to support these efforts.
Asian government and business leaders, gathered in Tokyo for a two-day conference last week, spoke confidently of a regional crisis that has bottomed out, but they also stressed the need to put in place structural reforms to ensure permanent recovery.
After nearly two years of severe economic depression, Asian political and business leaders came to Nikkei's 5th International Conference on "The Future of Asia" with new signs of hope.
Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.