Asia stands on solid ground despite European crisis

Despite the European sovereign debt turmoil, it appears that Asia is standing still on solid ground.  According to the Cabinet Office located in Tokyo, bookings (JNMOCHNG), capital spending's indicator, increased 5.7% in the month of April. In addition, South Korea's unemployment rate in May in dropped to 3.2% in comparison to the previous month's 3.4%. Further, Sri Lanka continued to postpone the interest rates due to central bank's projections that the domestic economy may boost by more than 7%.