Common regional currency in Asia?

The Japan Times reports that finance ministers from Japan, China and South Korea plus the 10-member Association of Southeast Asian Nations agreed Thursday that they will examine the usefulness of creating regional currency units as one of their channels to deepen economic integration in the region.

Chosun Ilbo and China Daily have more details about the plans for the ACU (Asian Currency Unit).

A common currency would have a tremendous effect on people's lives in Asia, just like the Euro has made the European Union a truly integrated region, also for ordinary people. Expect some major protests before it becomes reality though!