The "third arrow" (of structural reform) is critically important. Japan has some of the best companies in the world, and if you look at their technology, their capability, it's extraordinary.

I think the free-enterprise system has been great for society. That doesn't mean it's completely perfect. And also, when people say capitalism, I'm not really sure what they mean.

Prime Minister Modi [Narendra] is strong enough, and he's accomplished much.

I'm a really big believer - this is not a statement about President [Barack] Obama, but whoever is president - that good policy is really important.

Manipulating currencies is when you're going into the marketplace and buying something in large amounts to depress the value of the currency.

The Trump administration's economic agenda is the right agenda. Corporate taxes have been driving capital and brains and companies overseas for a decade. It has caused huge damage in investment and jobs and productivity. It was a mistake. We have to fix it. Counterintuitively, that usually helps middle-class wages, and lower-class wages, and job formation.

I do want the tax system to be efficient and be conducive to growth, which it is not.