TOKYO — If Pan Gongsheng gets tired of central banking, the People’s Bank of China governor may have a future in hedge fund management. In March, before the April chaos in US debt markets and last week’s US credit downgrade, Pan’s PBOC and the State Administration of Foreign Exchange (SAFE) displayed impeccable market timing, quietly […]
Moody’s US downgrade rings alarm on Asia’s dollar assets
US credit rating downgrade from AAA top tier reminds Asia of the rising risks of being Washington’s banker
