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Most economies here remained strong until exports began to plunge late last year and investor confidence crumbled.
Until exports to the United States recover, he said, foreign investment and economic reforms will continue to suffer.
However, until exports pick up, growth is looking unbalanced, and once again all-too dependent upon the consumer..
Rather than "talk about economic overheating," he said, "we should continue to pursue economic stimulus measures to spur domestic consumption until exports rebound".
But central banks' aggressive intervention in the foreign-exchange market will limit currency gains until exports recover.
But after tracking supposedly "recycled" devices from the U.S. to dangerous junkyards in other parts of the world, the Basel Action Network found that nearly 40percentt originated at these certified locations ― underscoring that problems will continue until exports are banned.
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Germany has 1.4m workers in job-saving schemes which are supposed to tide people over until export demand picks up.
"Until export-led growth gives way to increased support from private consumption," he argues, "the dream of an Asian century is likely to remain just that".
However, a reversal of the current suspension will not be possible until exporting countries can demonstrate that their new arrangements will result in sustainable populations of sturgeon.
Failing that, "we will propose putting in place tariff locks at Europe's borders" until exporting countries adopt norms applied in Europe to issues like trade union rights, child labor and carbon emissions.
Until 2009 exports had been buoyed by an abnormally weak yen, as foreign investors borrowed in yen to invest in higher-yielding currencies.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com