significantly since the 1997/98 Asian financial crisis. However, emerging Asia's local currency bond markets remain generally …

be a priority for raising long-term capital that will enable the financing of sustainable investment and development. Our …

This paper examines the developments of cross-border portfolio assets and liabilities in the Asia and Pacific region …. Limited capital inflows to debt securities issued by emerging Asia may be attributable to the early stages of bond market … reflects Japan's preference toward debt securities. Other Asia and Pacific economies have invested more heavily in foreign …