IMF cautiously optimistic on Asian growth.

 Policy makers must "stand ready to respond early and decisively to any prospective risks of overheating," the IMF said in its annual report on Asia. The fund sees heavy capital inflows driving 5.75% regional growth. This is a good thing — until it's not. Record property values in Hong Kong, soaring stock prices in some Southeast Asian markets, and sharply rising local currencies (Philippine peso and Thai baht) are some of the risk factors flagged in the report.