East Asia may double size of currency volatility fund: WSJ

Southeast Asian nations and Japan, South Korea and China may double the size of a facility created to help each nation fight currency volatility, the Wall Street Journal said on Monday, quoting an Association ...

Southeast Asian nations along with Japan, South Korea and China plan to double the size of a fund created to help each of the countries battle currency volatility.

Southeast Asian nations along with Japan, South Korea and China plan to double the size of a fund created to help each of the countries battle currency volatility.

Japan and 12 other Asian countries will likely agree to double the amount of funds available under a regional currency swap pact amid uncertainty over the European debt crisis, according to a report.Japan, China, South Korea and the 10 members of the Association of Southeast Asian Nations (ASEAN) are to agree to double the fund from the current $120 billion this month, Japan's Nikkei daily reported on Sunday, citing unnamed sources.

Southeast Asian leaders met Sunday for the final day of an annual summit that has been hijacked by a bitter feud between Thailand and Cambodia over a tiny patch of disputed borderland.Leaders of the Association of Southeast Asian Nations (ASEAN) expressed frustration that the dispute had not been resolved and the 10-nation group's strategic message of regional economic integration was being lost.

A meeting scheduled this week between the economic ministers of Japan, China and South Korea in Hanoi has been cancelled, a Tokyo trade ministry official confirmed Thursday.The three-way talks had been slated to take place on the sidelines of a summit of the 10-nation Association of Southeast Asian Nations Friday and the wider 16-nation East Asia Summit Saturday, which includes China.

Southeast Asian leaders on Friday pressed troublesome member Myanmar to ensure its elections this year are fair and inclusive, at a summit focused on binding together the sprawling region.The Association of Southeast Asian Nations (ASEAN) meeting in Vietnam's capital Hanoi has been overshadowed by the Myanmar issue, as well as political drama in Thailand which forced its premier to stay at home.

ASEAN chief Surin Pitsuwan Tuesday urged member states to step up intra-regional trade, saying it was "difficult" otherwise to see the bloc reaching its goal of economic integration by 2015.The 10-member Association of Southeast Asian Nations (ASEAN) has set 2015 as the target for creating a single regional economic market known as the ASEAN Economic Community.