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KUALA LUMPUR (Dow Jones)--Malaysian Prime Minister Mahathir Mohamad Thursday reiterated calls for changes to the international financial regime and for Asian countries to have a say in the war against terrorism.
BANGKOK (Dow Jones)--Thai Prime Minister Thaksin Shinawatra Thursday hailed the creation of the Asian Bond Fund as a step towards greater self-reliance in the region that will benefit not only Asian economies but also bring more balance in world financial markets.
TOKYO (Dow Jones)--The new Asian Bond Fund will have to reduce reliance on the U.S. dollar as the greenback "isn't a stable currency at all," Malaysian Prime Minister Mahathir Mohamad said Thursday.
MANILA (Dow Jones)--Philippine President Gloria Macapagal Arroyo Thursday called for greater economic integration in East Asia, including the creation of a common currency, to promote development and ensure peace and stability in the region.
TOKYO (Nikkei)--Prime Minister Junichiro Koizumi vowed Thursday to make the planned economic alliance between Japan and the ASEAN member states into a free-trade zone that rivals the European Union and the North American Free Trade Agreement.
TOKYO (Nikkei)--Speaking at the Future of Asia 2003 conference in Tokyo Thursday, Philippines President Gloria Macapagal Arroyo referred to North Korea's development of nuclear weapons as the biggest threat to Asian security, and said she hopes for a Korean Peninsula "free of nuclear weapons."
TOKYO (Dow Jones)--Singapore's Senior Minister Lee Kuan Yew said Thursday he believed Japan will recover economically and become an engine for growth in the region, but not until it undergoes heavy corporate restructuring.
TOKYO (Nikkei)--Japan needs more aggressive, speedier structural reform in order to revitalize its economy and capitalize on its top-level technology, Senior Minister of Singapore Lee Kuan Yew said in economic discussions held here Thursday.
TOKYO (Nikkei)--Prime Minister Junichiro Koizumi vowed Thursday to make the planned economic alliance between Japan and the ASEAN member states into a free-trade zone that rivals the European Union and the North American Free Trade Agreement.
TOKYO (Nikkei)--Calls for the unification of Asian economies were strong at this year's "The Future of Asia" forum held here Thursday.
Industrial hollowing-out, a wobbly financial sector, a rapidly aging population - these are some of the serious issues facing the Japanese economy. But despite such formidable challenges lying ahead, Japan can still envision an optimistic future, if it successfully accelerates structural reforms and aggressively promotes new-growth industries such as biotechnology.
Calls for the unification of Asian economies were strong at this year's "The Future of Asia" conference held in Tokyo last week. Asian nations face the rapid integration of their real economies as well as a host of problems they must resolve together, including the severe acute respiratory syndrome epidemic and North Korea's development of nuclear weapons.
Greater economic integration as well as stronger regional cooperation on security issues were among the major issues addressed by regional government and business leaders at the 9th annual Future of Asia conference hosted by Nihon Keizai Shimbun Inc.
The timeliness of the topics and the depth of the discussions appeared to impress all those who attended this year's "Future of Asia" conference, held on June 5 under the sponsorship of Nihon Keizai Shimbun Inc. The ninth annual affair took place at the Imperial Hotel in Tokyo under the theme "Genesis of a New Asian Order."
Four distinguished individuals took up key issues on Asia's agenda in a roundtable discussion. The four panelists were: Malaysian Prime Minister Mahathir Mohamad, Philippine President Gloria Macapagal-Arroyo, Thai Prime Minister Thaksin Shinawatra and Ryutaro Hashimoto, former prime minister of Japan.
Japan has lost its former vitality but other Asian countries still seem to have many expectations for Japan. Any thought about this matter?
The strengthening of regional relations was the common thread to discussions in the focus session, "Industrial Sector Perspectives on the East Asian Economic Region."
Under the theme "Agenda and Perspectives for Japan's Resurgence," Lee Kuan Yew, senior minister of Singapore, joined in a discussion with Taizo Nishimuro, chairman of Toshiba Corp., and Taichi Sakaiya, author and former minister of state for economic planning. Excerpts of his remarks follow:
Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.