S'pore PM: Asia to coordinate timing of monetary withdrawal

Xinhua, 13 Nov 2009
SINGPAORE, Nov. 13 (Xinhua) -- Singapore's Prime Minister Lee Hsien Loong raised warning bells over risks posed by emerging equity and property markets in some part of Asia and called on governments in the region to coordinate the timing of monetary withdrawal in the next few years, in a speech delivered in Singapore on Friday.
In the opening keynote speech at the APEC CEO summit, part of the series of the 2009 APEC meetings, Lee added his voice to the current growing chorus warning the risks posed by excessive liquidity sloshing around emerging equity and property markets.
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