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East Asian Quotes
The Indian economy grew at 5.5 percent, but if you look at the last 30 years - for example, 1960 to 1985 - the progress made by East Asian countries was phenomenal. In a single generation they had been able to transform the character of their economy. They were able to get rid of chronic poverty.
Southeast Asia food uses many different types of spices which are quite new to me, like the curry leaves which I saw at the Kreta Ayer wet market in Chinatown. With such spices used in cooking, this usually imparts a strong aroma to Southeast Asian food, which appeals to the senses.
In fact, it struck me when we invaded last year that if we did it without European and East Asian support, we were risking losing our alliance in Europe in exchange for Iraq, and that is a very undesirable exchange.
I think it is not necessary at this time to put forth a grand vision such as an East Asian Community. What we must do before that is create scenarios for Japan's response in case of a serious territorial incident.
In this context, the current recovery in the Japanese economy is taking place in tandem with the growing interdependence with the rest of the world, particularly with the other East Asian economies.
The direct investment of Japanese businesses to East Asian economies accelerates the reallocation of their production bases. Consequently, between Japan and the other East Asian countries, both exports and imports are growing substantially.
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