• Bloomberg


Asian governments should form a $100 billion pool of foreign reserves by 2010 to prevent a repeat of the region’s financial crisis a decade ago, says Hiroshi Watanabe, Japan’s former top currency official.

Finance ministers from the 10-member Association of Southeast Asian Nations, as well as China, South Korea and Japan, will probably discuss details on pooling funds when they meet next month in Madrid, Watanabe said.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.