By Kevin Plumberg

HONG KONG, July 5 (Reuters) – Having learned lessons from the past, emerging Asia is showing caution about adopting heavy-handed capital controls to curb heavy investment inflows and is focusing instead on closing economically disruptive loopholes.

Measures announced by Indonesia and South Korea last month targetted particular areas of their markets, unlike Thailand in 2006 which effectively imposed a blanket tax on foreign investment. A Reuters poll suggests further targetted measures can be expected from the region.