Market Updates: Kuroda’s Opening Remarks at the G20 Meeting

Key Takeaways from Kuroda’s G20 Meeting

• First, we recognize that the expansion of cross-border transactions of goods, services, and finance will benefit all countries.
• Second, we need to be forward-looking in preparing for policy responses to medium- to long-term challenges. For instance, under Japan’s presidency this year, we will discuss policy responses to aging. Japan is currently the most aged society in the world. Sooner or later, however, other economies will face a similar situation.
• Third, we value the importance of inclusive growth, that is, the dividends of economic growth should be distributed fairly and equally across the whole society.