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Mahathir Shows Interest In Setting Up Asian Monetary Fund

June 8, 2001

TOKYO (Nikkei)--Malaysian Prime Minister Mahathir Mohamad said Thursday that he would like to work toward establishing an Asian Monetary Fund.

Mahathir, who is visiting Japan to attend the Future of Asia conference hosted by Nihon Keizai Shimbun Inc., spoke with Finance Minister Masajuro Shiokawa at a Tokyo hotel.

He praised the signing of a currency swap treaty between Japan and Malaysia and expressed interest in working to launch the fund.

Intended to help stabilize Asian currencies, the AMF would be funded by participating nations. Mahathir and other Asian leaders have been calling for such an institution in the wake of the 1997 currency crisis.

(The Nihon Keizai Shimbun Friday morning edition)

Titles of speakers, names of companies, etc., were correct as of the time when the forum was held.