Currency shifts could create ‘dilemma’ for Asian economies
IMF regional economic outlook warns of knock-on effect from reserve currency movements
Policy-makers in the Asia and Pacific region could face an "uncomfortable" trade-off between competitiveness and financial stability, the IMF warned yesterday (May 6), as a result of "large and rapid" movements in the major reserve currencies.
In the past year the US dollar and Japanese yen have swung in opposite directions as the Federal Reserve prepares to raise interest rates and the Bank of Japan continues easing in earnest. The IMF's Regional Economic Outlook says this "could create a
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