Asia revival belies Japan's supposed role as region's engine

Article Abstract:

Asian economies are posting solid growth as the pace of economic recovery picks up across the region. Surprisingly enough, the Asian recovery has taken place despite flat growth in Japan, traditionally the engine of growth in East and Southeast Asia. Observers say that the relatively strong recovery of major economies such as Taiwan and South Korea may boost Japanese growth in the near term as demand for Japanese products soars in Asia. However, observers also believe that a sharp increase in Japanese investment in Asia may be unlikely until 2001 or 2002.

Administration of General Economic Programs, International economic relations, General Economic Programs, Economic aspects, Japan, Economic policy, East Asia, Southeast Asia

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U.S. group urges checkup

Article Abstract:

A group of US lawmakers is urging the government to look into the Korean Development Bank's handling of Kia Motor's auction. The group allegedly suspects that the state-owned bank is not upholding its commitment to the International Monetary Fund. KDB has committed itself to refrain from directly intervening in the Korean economy. It is also common knowledge that KDB controls about a 30% stake of the beleaguered Kia Motors. If allowed to intervene in the auction, bidding US firms may be placed in a disadvantaged position.

South Korea, International aspects, Government ownership, Nationalization

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Wanted: A Robust Bond Market for Asia

Article Abstract:

Asia needs strong bond markets in order to meet the financial needs of its companies and governments and to avoid the plummeting of regional currencies.

Forecasts, trends, outlooks, Financial Systems & Controls, Banking industry, Conferences, meetings and seminars, Surveys, Asian Development Bank, Asia-Pacific Economic Cooperation

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