Australia, with its sound and well-managed financial system, stands to
reap significant benefits from the economic growth in Asia. But a key
question remains: how should Australia position itself in the Asian
century? Reaching a consensus on this is crucial, according to Masahiko
Takeda, deputy director of the International Monetary Fund in the Asia
Pacific, and the fund’s division chief, Cheng Hoon Lim. The IMF experts
acknowledge that the Aussie dollar is presently overvalued. Nonetheless,
at a recent University of New South Wales forum, they insisted that
there are plenty of potential opportunities for Australia in the Asian