Database
on Basic Documents of Japan-ASEAN Relations
Department of Advanced
Social and International Studies,
Chairman's
Statement of the First ASEAN +
Ha
1. At the ASEAN +
China, Japan and Korea (ASEAN + 3) Summit held in December 1998 in Hanoi, the
Leaders agreed that the ASEAN + 3 deputy finance ministers and deputy central
bank governors should meet to discuss financial and macroeconomic matters of
concern to the region.
2. Following the
Leaders' decision, the First Meeting of the ASEAN + 3 deputy Finance Ministers
and Deputy Central Bank Governors was held on 18 March 1999 in
3. The Meeting
noted that rapid movement of short-term capital flow is one of the causes of
the financial crisis and agreed to work together to monitor the movement of
capital flows to prevent future crisis.
4. The Meeting
also noted efforts undertaken in various fora on the
issue of international financial architecture. The Meeting concluded that there
has been a convergence of views on the issue, particularly the need to involve
emerging economies in the process.
5. The Meeting
agreed that the forum is very important, timely and very useful. They agreed to
maintain close cooperation in addressing these issues and present to outcome to
the forth-coming ASEAN + 3
6. The Meeting was
chaired by Ms. Le Thi Bang Tam, Vice Minister of Finance
of Vietnam and attended by:
ASEAN
Dato Yakub Abu Baltar
Permanent
Secretary
Ministry of
Dr. Miranda S. Goeltom
Managing Director,
Bank
Mr. Yao Phonevantha
Vice Minister of
Finance
Lao PDR
Dato Dr. Aris Othman
Secretary-General
Ministry of
Finance
Mr. U Than Lwin
Deputy Governor
Central Bank of
Mr. Jeremias N. Paul, Jr.
Assistant
Secretary
Department of
Finance,
Dr. Khor Hoe Ee
Senior Executive
Director
Monetary Authority
of
Mr. Kiettisak Meecharoen
Assistant Governor
Bank of
PEOPLES' REPUBLIC OF
Mr. Jin Ligun
Vice Minister
Ministry of
Finance
Mr. Eisuke Sakakibara
Vice Minister for
International Affairs
Ministry of
Finance
Mr. Chung Duck-Koo
Vice Minister
Ministry of
Finance
and their respective delegations. The Meeting was
also attended by the representatives from the ASEAN Secretariat.