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ADB chief doesn’t expect Fed hikes to trigger Asian financial crisis

By Tetsushi Kajimoto and Takashi Umekawa TOKYO (Reuters) – Asian Development Bank President Takehiko Nakao said on Thursday he did not expect U.S. interest rate rises to trigger a financial crisis in Asia, but the bank remains ready to lend support to vulnerable countries. The U.S. Federal Reserve is widely expected to raise interest rates for the first…

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ADB chief doesn’t expect Fed hikes to trigger Asian financial crisis