May 06, 2010

Asia Should Consider Capital Controls, UN Agency Says (Update2)

Asian nations should increasingly consider capital controls in their �Spolicy toolkit⬝ to manage inflows that are fueling inflation and creating asset bubbles, a United Nations agency said today.     �SThe main short-term threat to growth in Asia and the Pacific is the return of inflationary pressures as recovery gathers steam,⬝ fuelled in part by an influx of money from outside the region, the Bangkok-based agency said in a report today. A stronger yuan �Scould be critically important⬝ for boosting Chinese demand as traditional export markets in developed nations are slow to recover, the agency also said....
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[Source: BusinessWeek.com -- ]

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