出版社:Bank of Japan, Institute for Monetary and Economic Studies
摘要:Now it is time for the concluding panel, where we are going to discuss growth,
integration, and monetary policy in East Asia from policy perspectives.
We have discussed already a number of issues, policy issues, in the previous session.
Therefore, this discussion is quite a natural extension from that one. But there are a
few specific questions I would like to raise here, most of which were covered in the
previous session. Let me start with the one not covered.
The first question concerns East Asian economic and financial integration with
the rest of the world. Because of this integration, the degree of competition in
product markets increased in the global marketplace. As a result, the pricing power of
producers in national markets has weakened.