"The ringgit peg is not in danger. Our reserves are high, while the short-term debts and short-term liabilities are not high," the private think-tank's executive director Mohamed Ariff told a news conference.

He said he did not expect the yen to weaken to 140 to the dollar - the level Prime Minister Dr Mahathir Mohamad said would prompt Malaysia to reconsider the ringgit peg.

"The yen is stabilising. I don't see the ringgit under pressure," Mohamed Ariff said.

Malaysia may have cause for concern if export growth lags behind that of other countries in the region, but so far there are no indications that is the case, he said.