The following was from The Nikkei this morning but I thought of one piece of supposition immediately.
In other words, at the time to have completed an idea with Nobel prize class actually, "the turntable of civilization", in more than 30 years ago, if I am not a businessman and if announcing to the world originally as the scholar who takes the lead in Kyoto University who should be so, saying how the order of the thing will have been.
It thinks on Sunday. The verification. Mr. Eisuke Sakakibara. The previous Ministry of Finance Deputy Vice-Minister for Financial Affairs. Japan's foundation conception. The China and U.S. obstruct.
Why did you aim at the Asian currency foundation (AMF) foundation?
"We were dissatisfied with the support by International Monetary Fund when Thai meets with the currency crisis in 1997. Close down a bank in the midst of the crisis and make it switch over from the fixed exchange rate system to the floating rate. Actually, it admitted that International Monetary Fund verified a neutral committee, organizing it, becoming later and that it mistook it".
Why will the AMF conception have ended in the illusion?
"The South East Asia and Korea were positive and Hong Kong, too, was OK but the U.S. opposed. Talk with China also did not work. The influence in the U.S. to International Monetary Fund was very strong and the International Monetary Fund system was convenient for the U.S. Because AMF chipped off influence in the U.S. consequently, in Lawrence Summers (US Treasury Deputy Secretary), he was very angry".
"The biggest cause is that China didn't agree. Not only because received the persuasion of the United States, the initiative in Japan may have been unpleasant. At least equal sign partner should have been desirable.".
"Japan took the lead in the fact and Korea and the South East Asia sided and last, by the order, China, it had the U.S. prick there. It should talk to China first. Then, we lacked a direct pipe with the Ministry of Finance and the People's Bank of China at that time. It asked Joseph Yam of Hong Kong (the financial administrative bureau president) on personally well known, and it prepared but it was useless".
This time behind the Lehman Shock, China, it is being actively moved to the reform of the international currency, the financial system.
"I think that China has the purpose to want to make Chinese yuan a key currency in Asia. At least, that let's make something like a Chinese in the currency, it is being doing by the long-range plan.”