Kiyohiko Nishimura, a deputy governor of the Bank of Japan, on July 19 underlined the benefits of both intra-regional and inter-regional co-operation to promote financial stability.

Delivering a speech at the 60th anniversary of the Centre for Latin American Monetary Studies in Mexico City, Nishimura outlined a number of "safety nets" that had been created in Asia. These included the development of deep and liquid capital markets, the establishment of currency swap networks and cross-border