Report of the Mission for Revitalization of Asian Economy:
-Living in Harmony with Asia in the Twenty-first Century-

November 1999

Mission for Revitalization of Asian Economy

Table of Contents

PREFACE: THE "MISSION FOR REVITALIZATION OF ASIAN ECONOMY" AND THE ROLE OF JAPAN

PART 1: RECOMMENDATIONS FOR LIVING IN HARMONY WITH ASIA IN THE TWENTY-FIRST CENTURY

1. JAPAN'S ROLE IN THE PROSPERITY OF ASIA IN THE TWENTY-FIRST CENTURY
   1. Currency crisis as springboard
   2. Asian countries share a common fate
   3. Partnerships in the twenty-first century
   4. Flow of people, goods, money, and information
   5. Short-term funds as a contributing factor to crisis: diversifying financial channels
   6. Human resources hold the key
   7. On-going dialog towards stronger cooperation
   8. No prosperity for Asia-or Japan-without an open Japan
2. SPECIFIC RECOMMENDATIONS
   1. People
   2. Goods
   3. Money
   4. Information
   5. Other issues
      Measures to facilitate the flow of people, goods, money, and information

PART 2: OBSERVATIONS OF THE MISSION FOR REVITALIZATION OF ASIAN ECONOMY

1. CHALLENGES FACING ASIA
   1. Signs of recovery
   2. Economic structural reforms
   3. Reforms to the international financial system, and regional cooperation
   4. Emphasis on human resources development
   5. Expectations on Japan
2. ISSUES FACING INDIVIDUAL COUNTRIES AND THE ROLE OF JAPAN IN THEIR SOLUTION
   1. South Korea
   2. Vietnam
   3. Thailand
   4. Malaysia
   5. Indonesia
   6. Philippines
   Reference: Singapore
3. ASSESSMENT OF JAPANESE AID PROGRAMS
   1. Evaluations by recipient countries
   2. Future issues

CONCLUSION