East Asia to lift new asset bubble tightening policy or accelerate implementation

Currency appreciation, property prices hit the "world's most expensive" record, large sums of money into the stock market ... The phenomenon is a common problem emerging markets now face. The World Bank ("The World Bank") 4th warned that East Asia is facing a new round of asset bubbles threatened by rising inflationary pressures that could force East Asian central banks to tighten monetary policy "earlier".　　This is the same as the IMF's warning to the financial markets of Latin American countries. In a report released in Wednesday, the World Bank raised the growth forecast for East Asian developing countries in 2009 from 5.3% to 6.7%. The World Bank says the region's economy has been boosted by a timely and robust economic stimulus.　　But it also warns that the massive introduction of economic stimulus plans by economies will result in the negative effects of bubbles in market assets such as equities and property. The bank says the rapid rise in equities and property across East Asia is fuelling fears about asset price bubbles. The Australian dollar has appreciated by about 35% per cent over the past 12 months as investors borrowed dollars to buy the Australian dollar. In Hong Kong, China, high-end real estate prices are soaring, the recent Henderson real estate sales of the mid-levels of the West-level days, a set of duplex room price of HK $712,800 per square metre, to 439 million Hong Kong dollars in the transaction price of "the world's most expensive" tiered luxury records.　　In the third quarter of this year, prices in Singapore also rose 15.8%, the biggest rise in 28 years.　　The bank's chief economist for East Asia and the Pacific, Nehru, 4th warned that concerns about asset price bubbles were accelerating, which could lead to a premature cancellation of loose monetary policy. The bank said in its report that central banks could tighten monetary policy in other ways before raising interest rates, such as "removing partial support for local currency and foreign currency liquidity, restoring reserve requirements to pre-crisis levels, and narrowing the range of collateral needed to secure central bank lines of credit". South Korea's central banker, Li Licheng, hinted last month that he would raise interest rates if necessary to prevent the Seoul property market from getting out of control.　　Authorities in Singapore have tightened mortgage requirements recently, ending real-estate stimulus and promising to provide more land for development projects. The body that warns of bubbles and the IMF. The IMF said the rapid rebound in Latin America's financial markets could spark a new bubble. Gold has surged 44% this year and copper has soared 50% in a year.　　The wave of investment is most pronounced in the Asia-Pacific region, the fastest-growing economic recovery. Data from the Fund's Research Institute, EPFR, show that some 53 billion dollars have been invested in emerging market equity funds this year. The MSCI Emerging Markets index has risen more than 60% this year.　　The main stock indexes in Brazil and Indonesia were up more than 100% per cent, while the US Dow rose just 11.5%. The IMF's Head for hemispheric regional affairs, Nicolas Essaguires, said Latin America's stock markets have risen so much this year and that some Latin American countries have seen their currencies rise sharply, in addition to investors looking back on the Latin American market,And the shifting flow of speculative capital is not unrelated. There is a new bubble in Latin America's financial markets, and central banks need to take measures to suit their own conditions.