TOKYO – Few policymakers in Asia, if any, are more anxious to see the US Federal Reserve halt its tightening cycle than Rhee Chang-yong in Seoul. Data show that no major financial system in the region is getting whipsawed more by Fed interest rate hikes than South Korea’s. According to Bloomberg, investors who bet on Korean […]
Fed, Fitch thicken plot for Asia’s economic outlook
For Japan and China, biggest holders of US Treasury securities, the ratings agency downgrade is a wake-up call