Excluding Japan, 43 percent of Asia's exports go to other nations in the region, Lehman Brothers calculates, up from 37 percent in 1995.

雷曼兄弟估算：如果不包含日本经济，43%的亚洲的出口流入其他国家，在1995年这个数字是37%。

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The Asian Development Bank recently raised its estimates for 2007 growth in Asia excluding Japan to 8.3% from 7.6% in an earlier forecast.

亚洲开发银行最近将2007年日本以外亚洲国家的经济增长预测值提高到了8.3%，而之前的预测值为7.6%。

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Among Asian markets excluding Japan, only South Korea trades at a cheaper multiple.

WSJ: The People's Money: Why Chinese Stocks Are Alluring

Morgan's head of debt capital markets in Asia, excluding Japan, said he tells clients who are ready to issue debt.

WSJ: The U.S. Is Back in Asian Debt

The lender projects that Asia, excluding Japan, will expand by 6.1% this year, down from a July estimate of 6.6%.

BBC: Asian Development Bank cuts growth forecast for Asia