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Masahiro Kawai in Wikipedia
Bond markets are deepening worldwide, but emerging East Asia is moving ahead at a faster rate.
~ Masahiro Kawai
Asian governments, central banks and the private sector will have to focus more on bond market development and really strengthen market infrastructure.
Perhaps a single currency may come after that.
Experience in many countries tells us that by accumulating foreign exchange reserves, eventually the monetary policy consequences could be big.
The individual exchange rates won't be supported officially...but if this index is relatively stable vis-a-vis external currencies then it's quite useful.
Nothing can work me damage except myself; the harm that I sustain I carry about with me, and never am a real sufferer but by my own fault.
~ Bernard, St.
What Bode accomplished was making himself one of the more colossal losers in recent sports history.
~ Tony Kornheiser (July 13, 1948 - )
It is a curious fact that people are never so trivial as when they take themselves seriously.
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