Big reserve holders in Asia

The president of the Asian Development Bank, Haruhiko Kuroda, told Dow Jones newswires yesterday that "emerging economies in Asia are well advised to decelerate the accumulation of foreign exchange reserves". "Many of them have more than enough", he said.

Kuroda suggested that while small foreign reserve holders could change their currency allocation easily, nations with large reserves, such as China and Japan, would have problems as this as it could trigger foreign exchange losses.

"Large res

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