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Asia must boost infrastructure investment

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Asia must expand infrastructure investment and make its markets more resilient to global shocks to continue achieving high economic growth, Bank of Japan deputy governor Hiroshi Nakaso said on Friday.

[TOKYO] Asia must expand infrastructure investment and make its markets more resilient to global shocks to continue achieving high economic growth, Bank of Japan deputy governor Hiroshi Nakaso said on Friday.

"There are still some Asian economies where insufficient infrastructure is bottlenecking industrial advancement," Mr Nakaso said in a symposium on asset management in Asia.

Mr Nakaso, one of the BOJ's two deputy governors, has deep expertise on global financial markets as a career central banker having dealt with the turmoil triggered by the collapse of Lehman Brothers in 2008.

REUTERS