Tokyo, 23 July 2022 (TDI): The Managing Director of the International Monetary Fund (IMF) visited Japan for the 25th Anniversary of the IMF Regional Office for Asia and the Pacific (OAP).

She attended the event organized by the IMF Regional Office for Asia and the Pacific on the occasion of its 25th anniversary.

During her speech, she mentioned that this milestone commemorates 25 years of cooperation between the IMF and its member nations in the Asia-Pacific area, as well as Japan.

It also demonstrates their capacity to grow and change for the benefit of this region and its population.

Additionally, it represents the strong commitment to jointly build a more secure future by drawing on the lessons of the past.

She said that the world is in a situation of crisis and facing many hardships. Therefore, the world can learn a lot from Japan during these times.

She also noted that a nation whose people have endured so many hardships over so many years is an inspiration to all the people.

The Managing Director mentioned that strong policy decisions made by Japan before and during the epidemic helped it to be resilient and aid in its recovery.

Japan had the financial and monetary room to implement containment measures and other pandemic-fighting measures. As a result, Japan had a lower incidence of COVID-related infections and fatalities during the past two years.

A Vision for a Better Future:

She explained that long-term resilience needs the vision to seek the radical changes required to create a better future.

Japan’s aim to achieve net zero greenhouse gas emissions by 2050 is plausible. The other nations will also need a significant governmental effort that includes funding for green technologies and some type of carbon pricing.

The world has witnessed a huge amount of technological innovation and digitization in Japan. It has one of the highest densities of robots in any industry.

Furthermore, Japan can increase the rate of digitalization, invest in human capital, and strengthen women in the economy. This will help it overcome future challenges.

In conclusion, she mentioned that they will build a better world in the next 25 years. The future world would be greener and smarter, fairer, more equitable, and more resilient.

The Managing Director of IMF also had a meeting with Japanese Prime Minister, Fumio Kishida at the Prime Minister’s Office.