Policymakers in Asia must stick with consistent practices if they want to continue to attract foreign capital, Michael Buchanan, senior managing director and head of strategy at Singapore sovereign wealth fund Temasek, said.
"If you're going to have a more important bond market and you're going to get more of your financing from abroad, that's a good thing," Buchanan said at the Emerging Asia Economic Forum hosted by Insead in Singapore on Tuesday. "But then you have in place the policies through the whole cycle that can support that."
He noted that some countries in Asia reacted "quite strongly" to sharp currency depreciation in the market turmoil following Donald Trump's surprise win in the U.S. election, which saw the dollar surge.
Temasek's portfolio was valued at around 242 billion Singapore dollars ($170.02 billion) at the end of March.