Former BOJ Governor Kuroda, Top Economists Explore FX Management Imperatives
Former Bank of Japan (BOJ) Governor Haruhiko Kuroda and experts discussed foreign exchange (FX) management strategy at a National Bureau of Economic Research seminar held at ADBI in Tokyo on 5-6 June, in partnership with the University of Tokyo. Drawing upon Japan’s responses to yen exchange rate fluctuations during his over 50-year career as a financial official, Kuroda, who is also a former ADB President, explained how factors induced by domestic and global conditions can affect currency rate movement and impede standardizing guidelines for exchange rate management. The seminar also showcased new research by leading economists assessing the implications of FX and capital flow volatility and policy options for safeguarding economies in times of crisis. View former Governor Kuroda’s keynote speech.
ADBI Examines Economic Impact of SOGIESC-Based Exclusion, Inclusion Policy Solutions
The economic impact of exclusion based on sexual orientation, gender identity, gender expression, and sex characteristics (SOGIESC) and inclusion promotion strategies for Asia were explored during an ADBI webinar on 7 June. Policy makers and experts discussed how bias and discrimination against LGBTQIA+ people and communities negatively affect their employability and access to healthcare, education, and social protection, and hamper equitable growth in the region. They highlighted policy options for addressing these challenges and achieving the full potential of economies and societies. View the webinar recording.
ADBI Charts Pathways for Expanding Digital Connectivity and Trade Across Asia
Keys to addressing digital connectivity development gaps in Asia and the Pacific were explored during an ADBI virtual conference jointly organized with the National University of Singapore’s Institute of South Asian Studies on 5-6 June. Experts highlighted the importance of policy coordination for harnessing fixed, mobile, and satellite technologies to expand digital connectivity and trade among the region’s economies. They also shared perspectives on narrowing the digital divide and boosting digital inclusion. This includes measures for advancing digital transformation to promote more livable cities, strengthening digital capacity, and enhancing digital finance to move toward a sustainable future.
ADBI Expert Spotlights Creative Economy’s Potential to Expand Japan-ASEAN Economic Linkages
ADBI’s Pitchaya Sirivunnabood discussed how the creative economy could strengthen economic cooperation and growth among Japan and Association of Southeast Asian Nations (ASEAN) members during an ASEAN-Japan Business Week 2023 session held in Tokyo and virtually on 6 June. She described the “Cool Japan” strategy for promoting Japan’s culture and innovation and its prospects for boosting tourism and trade. She noted Japan’s support for digitalization and nurturing creative talent and skills, as well as the role knowledge sharing can play in unlocking the creative economy’s development potential in ASEAN economies. Deepening Japan-ASEAN collaboration within the sector could also attract more skilled workers from Southeast Asia to Japan and help address the latter’s labor force shortage, Sirivunnabood added.
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