Asia now holds the bulk of the world’s foreign reserves at some 2.7 trillion dollars

Submitted by Webmaster on Fri, 01/06/2007 - 05:06

TOKYO: Bank of Japan governor Toshihiko Fukui warned on Wednesday that a disorderly unwinding of global economic imbalances could undermine global financial stability.“East Asia has been a beneficiary of a substantial amount of private capital flows from developed economies, and at the same time, an exporter of an even greater amount of capital in the [...]

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