Asia Program

From the Pacific Exchange Blog

The Bumpy Road towards Renminbi Internationalization

Posted July 13, 2016

A more volatile exchange rate and dampened growth expectations for the Chinese economy have halted, and in some cases led to reversals in, the renminbi’s path towards becoming an international currency.

Japanese Investors Go Abroad with Borrowed Foreign Currency

Posted June 29, 2016

A half-year into the Bank of Japan’s experiment with negative interest rates, there are growing signs of unusual market activity in Japan, with yields on even long-term government debt going negative and ever-increasing overseas investment. Amid a breakdown in longstanding financial relationships that previously allowed international investors to hedge currency risk cost effectively, Japanese investors are increasingly funding their overseas portfolios with foreign currency debt to minimize foreign exchange risk.

Fixing Taiwan’s Crowded Banking Sector

Posted June 9, 2016

Taiwan has a large number of banks relative to the size of the domestic market, leading to unhealthy types of competition and low levels of profitability. Authorities are trying to solve the problem by promoting bank mergers and international expansion.

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