FSF Asia-Pacific statement notes strains

The fifth annual meeting of the Asia-Pacific group of the Basel-based Financial Stability Forum noted that although the region had been able to withstand the financial crisis to date a number of strains had begun to appear.

"The financial turmoil and the global economic slowdown have affected capital flows, export demand and financing availability (including trade finance), and are starting to impact the real economy and financial institutions in the region. In this context, it is essential that

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