IMF Insights: Finding the Right Position for Australia in the Asian Century

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 region.