Asia to become world's chief growth region in 2015

2010 signaled that Asia ex Japan has emerged from the global crisis.

DBS said AXJ currencies have already started their way to returning to their pre-Asian crisis levels.

The appreciation of AXJ currencies will be viewed more as reflecting the region's strong fundamentals, as opposed to simple weakness in the US dollar.

According to their five-year plans, DBS believes many AXJ countries actually have an implicit strong currency policy. The next five years, 2011-15,will augment the region's role as the world's chief growth region.

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