fed speech, 2006-08-26
The implications of this change can be summarized by noting that Japan is the largest shareholder in the Asian Development Bank, and by tradition appoints its head; that the formation of an Asian Monetary Fund during the Asian crisis in 1998 was not strongly supported by China; and that China will no doubt want to play a greater role in any future regional institutions than it does in the ADB.
Sentiment: neutral
Topic: mp_economic_activity