Asian bonds in local currency preferred, says Japan vice-minister

THE issuance of Asian bonds denominated in the local currency of the respective countries in the region would be preferred upon establishment of the Asian Bond Market, Japan's Senior Vice Minister of Finance, Takayoshi Taniguchi, said. 

He said it was important for the countries in the Asian region to issue bonds in their own currency, event though it was a general practice to issue bonds in the US dollar.