Asian nations should pursue greater financial cooperation among themselves to minimize the damage from the U.S. economic woes triggered by the subprime mortgage crisis, experts told a recent symposium in Tokyo.
Some of the participants said Asia needs to prepare for a sustained reduction in its exports to the United States by creating greater demand at home — by diverting more of its resources to invest in the region's infrastructure building.
Experts from Japan, China, Singapore, Malaysia and India took part in the March 24 symposium organized by Keizai Koho Center under the theme, "Can the dynamism of Asia be sustained?"
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