(MENAFN) The Asian Development Bank (ADB) said that countries in East Asia must capitalize on the delay in monetary policy normalization in the US to push forward their economies and financial systems. Xinhua reported.
The head of ADB's Office of Regional Economic Integration said: "A delay in U.S. bond tapering gives (East Asia) a bit of extra time to make sure its economy and financial systems are resilient enough to face the likely market volatility ahead."
The fastest growing currency bond markets in the region were Vietnam with an increase of 18.8 percent year-on-year, followed by Indonesia with 16.3 percent, then China with 14.4 percent and the Philippines and South Korea with 12.5 percent and 10.4 percent respectively.
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