Members of the Association of Southeast Asian Nations have asked Canada to emphasize international currency stability at next month's G-7 summit in Halifax.
"We must pre-empt a repeat of a Mexico-type financial crisis," the ASEAN ministers said in a joint statement following three days of talks with Canadian Foreign Minister Andre Ouellet.
At a news conference, Malaysian foreign minister Datuk Abdullah Badawi said the yen's revaluation against the U.S. dollar has created a heavier debt burden for most countries in southeast Asia.
"Wild fluctuations in exchange rates would have a very large impact on ASEAN's international trade, resources and debt repayments," the ministers said.
The ASEAN states include Indonesia, Malaysia, Thailand, the Philippines, Singapore and Brunei.
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