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May 6, 2004
js-1511 Under Secretary Taylor to travel to China, Japan, Korea for economic, development meetings John Taylor, U.S. Treasury Under Secretary for International Affairs, will travel to China, Japan and Korea May 10-16, with attention to current global and regional economic issues.
In Beijing, China, Taylor will be joined by Ambassador Paul Speltz, recently named by Secretary John Snow as his personal emissary to China on economic and financial relations between the nations. On May 10-11, Taylor and Speltz will meet with senior officials of the government of China’s economic team to discuss the Chinese economy, progress on financial liberalization, the state of the banking system, and issues related to China’s currency. They will also meet with economists, financial analysts and members of the business community.
Taylor will be in Japan on May 12-14 where he will meet with officials from Japan’s Ministry of Finance and the Bank of Japan to discuss the improving outlook for the Japanese economy. Taylor will also be interested in the continued attention to Japan’s efforts to end deflation and to resolve non-performing loans in the Japanese banking system. Taylor will also meet with economic analysts in Tokyo.
On May 14 Taylor will travel to Jeju, Korea to participate in the annual meetings of the Asian Development Bank (ADB). Taylor will focus on the ADB’s efforts to raise living standards in the region, including the progress of their reconstruction efforts in Afghanistan. In addition to the ADB meetings, Taylor will hold a number of bilateral discussions with countries from the region. Taylor will depart Korea to return to Washington, DC on May 16.
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