Prasad: In the short term the Chinese government has quite sufficient policy space in terms of both fiscal and monetary policies to support growth.
整个亚太区各国债务水平的提高和大量的财政赤字可以抵消该区域宽松的财政和货币政策。
Elevated debt levels and sizeable fiscal deficits in countries throughout the region can offset the easing of fiscal and monetary policy in the region.
日本经济前景去年出现改善,这要归功于激进的财政和货币政策。
The outlook for the Japanese economy has improved markedly since late last year as a result of monetary and fiscal policy initiatives.
Members had resolved to remain vigilant risks and to maintain sound fiscal and monetary policies while continuing to implement policies that would sustain domestic demand as an anchor of growth.
The efforts to implement more prudent fiscal and monetary policies designed to reduce macroeconomic imbalances also contributed to lower inflation in several countries and the return of investor confidence.
China's strong fiscal and monetary response to the crisis enabled it to achieve economic growth of nearly 9 percent in 2009, contributing to global recovery.
For more than two years, developing nations had it easy as yield-chasing investors poured billions into them, sometimes ignoring weak external finances and monetary-policy complacency.
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