Asia set to boost currency attack defences

Japan, China and South Korea are set to join forces to bolster Asia's defences against currency speculators despite diplomatic tensions that had threatened to derail economic cooperation.

A senior Indonesian central banker told Reuters the three countries and their neighbours planned to double the size of a swaps agreement designed to protect currencies from speculative attacks like those that swept the region in 1997/98.

The success of the plan depends almost entirely on the economic might of