Mr. President, what started as a regional crisis has taken on global significance which needs a global solution. Furthermore, a stable yen exchange rate and a healthy Japanese economy is essential not only for the financial stability of Asia, but also for the world as a whole. In these aspects we are looking towards you for your continued strong leadership, which you alone can provide. While Asia remains in economic doldrums, the United States is enjoying tremendous economic success. Inflationary pressure has vanished.
Unemployment is at historical low level.
And much talked about budget deficit has been erased. The American multinational today is lean, efficient, and competitive. The United States is truly playing a world leadership role in the financial and economic arena. Much of this has been achieved, sir, under your leadership and during your presidency. On the world stage, despite mounting interest group pressures and ongoing differences between China and the United States, you have courageously stepped forward to lay the foundation for a strategic partnership between the two countries.