Japan, U.S. repeat growth imperative

Senior government officials from Japan and the United States on Monday reaffirmed the need for their respective economies to achieve sustained growth and backed each others’ efforts toward this end.

“Both sides reiterated their shared view that the world’s two largest economies have a special responsibility to bring about sustained growth at their full potential over the medium to long term and improve business confidence,” reads a statement released in the wake of the Japan-U.S. Financial Dialogue.

The forum was attended by John Taylor, U.S. Treasury undersecretary for international affairs; Haruhiko Kuroda, vice finance minister for international affairs; and Makoto Hosomi, deputy commissioner for international affairs at the Financial Services Agency.

“The U.S. side voiced strong support for Japan’s carrying out its current comprehensive policy agenda toward revitalization of the Japanese economy, including measures to strengthen Japan’s financial and corporate sector, and to overcome deflation,” the statement says. “The Japanese side welcomed the comprehensive policy efforts of the U.S. government, including measures toward sound corporate governance and to secure economic recovery.”