No sign of Asian central bank dollar shift- Taylor

Concerns that Asian central banks are looking to reduce their dollar-denominated reserves are misplaced, U.S. Treasury Undersecretary for International Affairs John Taylor told Dow Jones in an interview published on Friday 11 March.

"There's no evidence we have seen that central banks are changing their portfolio proportions," Taylor said.

"In fact, my counterpart in Japan, (Vice Finance Minister for International Affairs Hiroshi) Watanabe, publicly stated (Thursday) there is no policy in Japan