ASEAN+3: need all policy tools to support growth

FRANKFURT (Reuters) - Asia's top economies will remain the engine of global growth this year producing relatively high expansion, but the risk of a global slowdown persists, a meeting of the ASEAN+3 finance minister and central banks governors concluded on Tuesday. "Under these circumstances, we stressed the importance of utilizing all necessary policy tools - monetary, fiscal and structural - to promote sustainable and inclusive economic growth and foster confidence," officials from the Association of Southeast Asian Nations, plus China, Japan and South Korea said. "We will closely monitor capital flows and risks stemming from capital flow volatility and respond appropriately," the leaders said, adding that macroprudential and capital flow measures can be used. (Reporting by Balazs Koranyi; Editing by Francesco Canepa.)