Asia sets up $120bn FX fund to stave off attacks
Finance ministers from the ten Association of South East Asian Nations (Asean) and China, Japan and Korea said at a meeting in Phuket, Thailand, that they would add another $40 billion to the $80 billion already set aside under the Chiang Mai Initiative, a bilateral currency swap arrangement aimed at averting volatility in the region's currency markets.
"Regional financial markets
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