High-powered meet
Source: Agencies |
May 4, 2011, Wednesday
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Print Edition
Print Edition
FINANCE ministers of China, Japan and South Korea are mindful of the challenges from inflation, rising commodity prices and the increasing volatility of capital flows to the region, according to a draft statement seen yesterday ahead of a trilateral meeting.
In the draft prepared for a meeting set for today, the ministers said the region has been resilient after weathering the global financial crisis due to robust domestic demand and buoyant exports, but said appropriate policies and better coordination were needed.
"There are also uncertainties such as the turmoil in the Middle East and North Africa region, and the aftermath of the earthquake in Japan," it said.
The ministers of the three Asian economies will also meet today with their counterparts from the 10-member Association of Southeast Asian Nations at the Asian Development Bank's annual meeting in Hanoi.
In the draft prepared for a meeting set for today, the ministers said the region has been resilient after weathering the global financial crisis due to robust domestic demand and buoyant exports, but said appropriate policies and better coordination were needed.
"There are also uncertainties such as the turmoil in the Middle East and North Africa region, and the aftermath of the earthquake in Japan," it said.
The ministers of the three Asian economies will also meet today with their counterparts from the 10-member Association of Southeast Asian Nations at the Asian Development Bank's annual meeting in Hanoi.
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