The market is still growing. But the growth rate in 2005 moderated a little bit from the previous year's growth.
More Quotes from Masahiro Kawai:
Experience in many countries tells us that by accumulating foreign exchange reserves, eventually the monetary policy consequences could be big.Masahiro Kawai
Perhaps China is accumulating too much foreign exchange reserves.
Masahiro Kawai
The individual exchange rates won't be supported officially...but if this index is relatively stable vis-a-vis external currencies then it's quite useful.
Masahiro Kawai
Bond markets are deepening worldwide, but emerging East Asia is moving ahead at a faster rate.
Masahiro Kawai
We have a plan to create several indexes, but we want to make these indexes as attractive as possible to the market.
Masahiro Kawai
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