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East Asia Should Become 'Great Triangle Of Growth': Naoshima

Friday, May 21, 2010

TOKYO (Nikkei)--Economy, Trade and Industry Minister Masayuki Naoshima said Friday that East Asia -- including Japan, China, South Korea, members of the Association of Southeast Asian Nations (ASEAN), India and Australia -- should form a "great triangle of growth" to maintain balance between the region's economies and environment.

At the 16th International Conference on the Future of Asia, hosted by The Nikkei through Friday, Naoshima said winning over Asia's middle class of 900 million people will be necessary for future economic growth.

He expressed high expectations for the "Asian Growth Strategy" medium-term economic plan to be compiled by autumn by the Economic Research Institute for ASEAN and East Asia (ERIA), an international think tank.

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.