Asia to Seek Ways to Fight Inflation, Cooling Growth
Rising food and commodity prices that are stoking inflation will probably dominate a meeting of the Asian Development Bank as the region's finance ministers seek ways to shield their economies from higher costs, Bloomberg reports:
Japan's Fukushiro Nukaga, China's Xie Xuren, South Korea's Kang Man Soo and Southeast Asian ministers are meeting at the sidelines of the Asian Development Bank's annual gathering in Madrid this weekend. Inflation in Asia is expected to reach a decade-high this year even as economic growth cools, ADB predicts.
