At a press conference in Tashkent, which has hosted the Asian Development Bank general meeting, Haruhiko Kuroda said a flexible currency regime will contribute to the smooth adjustment of the economy, although China should decide when and by how much it should appreciate.
Kuroda also said that while the Asian economy was not the last to recover from the global financial crisis, overheating in real estate markets in China and rises in crude oil prices still remain concerns for the regional economy.
Kuroda also said the scale of the ADB operations in 2009, including its loans, rose 42% from the previous year to around $16.1 billion as it enhanced financial support for crisis-hit developing countries.
AP International News reported that the ADB is expected to maintain its operations at around the same level this year.