This would be a positive sign of health in the financial system but also raise a concern about the government bond market in view of the record issuance requirements. Secondary markets The secondary market has been more permanently hit by the crisis than primary markets.
This has been aided by the existence of ASEAN, which has progressively led to lowering of trade barriers among its member countries. As the ASEAN region has developed and gained in confidence trade links with the more developed countries of Japan, China and Korea have also intensified, along with more structured discussions towards the formation of PTAs and FTAs within the region.