ADB flags danger of 'asset bubbles'
- Published: 3 May 2013 at 22.25
- Online news:
NEW DELHI - Emerging Asia needs to be on guard against "asset bubbles" as central banks globally loosen monetary policy, the Asia Development Bank (ADB)'s managing director warned on Friday.
Takehiko Nakao, president of the Asian Development Bank, speaks at the ADB's annual meeting in New Delhi on Friday. The annual meeting runs until Sunday. (Bloomberg photo)
Last month, Japan's central bank announced it would pump $1.4 trillion into the economy over the next two years, administering unprecedented financial shock treatment to end two decades of stagnation through bold monetary expansion.
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