The World Bank on Monday scaled back slightly its 2013 growth forecasts for emerging East Asia and warned about possible over-heating in the regions larger economies.
It said the Bank of Japans efforts to stimulate its economy through monetary easing is likely to be mostly good for developing Asian economies such as Thailand and the Philippines,which produce components for Japanese exporters.
The Bank of Japan on April 4 stunned markets by unveiling a monetary expansion campaign with plans to inject about $1.4 trillion into the economy over two years to break a deflationary cycle.
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