Asia’s central banks have been busy raising and holding rates. But this week the real story is in the region’s currencies.
Japan raised rates and still its yen fell. The Philippines may hike hard to defend its peso, and Korea’s chip boom runs on against a weak won.
Today’s Asia Intelligence Brief covers the region’s finance, markets, economy, and politics. We pulled it together from Japanese, Chinese, Korean, Hindi, Bahasa Indonesia, Vietnamese, and English sources.
Japan — The Hike That Didn’t Lift The Yen
A Puzzle
