Asia (ex Japan) continues to be the fastest growing region in the world. Its financial markets have seen a significant increase in breadth and depth in recent years. The size of the Asian bond market, in particular, has more than doubled since December 2005. Considerable improvements in market liquidity, corporate governance and supportive policy initiatives have also encouraged more investors to participate in the bond market. Equally, economic growth, capital needs and increased reliance on debt markets are expected to fuel further growth of bond issuances, especially in the corporate bond sector.