Asian Development Bank: Currency volatility threatens trade

10/26/2009 | Financial Times (tiered subscription model)

East Asian nations including China and Japan need to begin serious talks about currency cooperation to head off a recurrence of tensions over trade within the region, says Haruhiko Kuroda, president of the Asian Development Bank. Significant fluctuations in the value of regional currencies have put trade within the region at risk, he said. That is a problem because trade within Asia is one promising approach to reducing the region's dependence upon exports to the U.S. and Europe, Kuroda said.

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