Tuesday, December 21, 2010

Shinohara, vice president of IMF is still the: Eurozone crisis will hit Asia.

<P> International Monetary Fund (IMF) still Shinohara, vice president of the (NaoyukiShinohara) said on Wednesday destroyed the debt crisis of Europe in global trade, to combat the demand for Asian exports, and to a large number of "hot money" flowing into the area, if policymakers .do not take prompt measures, the consequences would be disastrous. .</ P> <P> IMF still Shinohara, vice president of the (NaoyukiShinohara) said that although the impact of Asia's limited by the euro-zone economy, but its strong economic growth may be expected to attract more capital flows to the region, leading to asset bubbles. .</ P> <P> global market risk and if the debt crisis for Europe to continue to increase, yet Shinohara, says that attitude can be turned to hedge funds can make a sudden outflow of Asia, caused by economic crisis. .Shinohara says still of the view that the risks of capital flows, the Asian central banks and governments should take appropriate responses. .</ P> <P> "The key is policy-makers to observe the changes in the situation, always ready to act quickly," Shinohara Financial Conference speech in Singapore, said. .</ P> <P> "With the growing economic strength in Asia, the region's every action will have an important impact on the global economy," he said. .</ P> <P> but Shinohara also pointed out that Hungary has recently fallen into financial difficulties, but in fact no media described as serious. .</ P> <P> "quite good, do not worry too much," he told reporters. .</ P> <P> the Hungarian government announced on Tuesday a measure to appease the investors, some government officials had predicted the existence of the Greek Hungarian speech against the risk of investor confidence. .</ P> <P> he said, adding that most developed economies are experiencing a mild recovery. .Compared with the debt of the euro area, the relatively good U.S. economic recovery, while Japan also benefited from a strong rebound in the trade. .</ P> <P> Shinohara believe that the Chinese economy along the direction of sustainable growth, although there are still some inflationary pressure, the same time, he urged China to allow its currency to float more freely. .</ P>.

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