Masahiro Kawai Quotes (7 Quotes)

The market is still growing. But the growth rate in 2005 moderated a little bit from the previous year's growth.

Bond markets are deepening worldwide, but emerging East Asia is moving ahead at a faster rate.

We have a plan to create several indexes, but we want to make these indexes as attractive as possible to the market.

Perhaps China is accumulating too much foreign exchange reserves.

Allowing a little more currency appreciation can be quite desirable for the sake of the Chinese economy and the region as a whole. The Chinese economy is quite resilient. At the same time, foreign exchange reserves are rising fast.

Experience in many countries tells us that by accumulating foreign exchange reserves, eventually the monetary policy consequences could be big.

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.