China
China will strictly control new bank loans
China's banking regulator said in a statement published Thursday 25 May that it will strictly control the issuance of new loans.
China's reserve center to open in July
The China International Reserve Center will open in Shanghai this July, according to the China Knowledge website.
PBOC says China to boost yuan flexibility in 06
China will boost the flexibility of the yuan this year, the central bank said in its annual report published in the China Securities Journal over the weekend.
As yuan breaches 8, focus shifts to Japan
According to this article published Wednesday 17 May, the dollar has fallen 6.4 percent against the yen this year, and Japanese officials aren't happy about it.
So yuan is at 8? Wake me up when it reaches 7.5
Greater currency flexibility is all about speed, and according to this article published Tuesday 16 May, the yuan continues to disappoint.
Framework for independent monetary policy in China
According to this IMF Working Paper, published 15 May, as China's economy becomes more market based and continues its rapid integration into the global economy, having an independent and effective monetary policy regime oriented to domestic objectives…
Comment: The commodity boom revisited
A recent research note by Morgan Stanley chief economist, Stephen Roach, provides some interesting numbers on the extent and historical significance of the current commodity boom.
How Bernanke's rate hikes could slam China
According to this article published Monday 15 May, China is realising the power of Federal Reserve chairman Ben Bernanke on its way to ruling the global economy.
Economist says yuan should be allowed to rise 5%
China has to speed up the pace of yuan appreciation to 5 percent for this year and ease its huge foreign exchange surplus if it wants to keep domestic bank lending under control, government researcher Zhu Baoliang told reporters on Monday 15 May.
China needs more central bank independence - IMF
A new paper from the International Monetary Fund says that China should adopt an explicit, long-run inflation objective, strengthen its banking sector, and give its central bank operational independence.
Chinese economists want increased gold reserves
Some Chinese economists are urging the government to increase its gold reserves to 2,500 tons from the current 600 tons because the country's foreign exchange reserves had become the world's largest, an official industry newspaper reported this week.
Comment: US Treasury diplomacy
In what has been billed as a key moment in American economic diplomacy, the US Treasury this week resisted temptation and political pressure by deciding not to formally accuse China of currency manipulation.
China's yuan progress 'far too little'
The US government on Wednesday 10 May did not accuse China of manipulating the value of its currency, but said Beijing had made "far too little progress" in adopting a flexible exchange rate.
Why economists worry about foreign reserves
According to the article "Why economists worry about who holds foreign currency reserves" published Tuesday 9 May, the idea that China or some other American rival could someday use its vast holdings of U.S. debt as a geopolitical weapon is gaining…
IMF says China to benefit from yuan appreciation
China's economy will benefit from a government decision to allow greater exchange rate flexibility for the yuan, according to an IMF economist.
HKMA's Yam rejects calls to dump dollar peg
The Hong Kong Monetary Authority has said it would resist pressure to re-peg the Hong Kong dollar away from the U.S. dollar and onto the Chinese yuan.
PBOC trying to cool overheating sectors
The People's Bank of China is seeking to cool overheating economic sectors such as real estate as well as cut its huge foreign exchange reserves, a senior Chinese government official said.
Philippines, Japan sign currency swap
The Philippine central bank and the Bank of Japan have signed a currency swap arrangement letting both countries draw from each other's foreign reserves for any "immediate need".
China needs more Volcker and less Greenspan
According to this article published Monday 1 May, China's recent increase in interest rates may have the opposite effect to what was intended. The move may boost the economy, instead of slowing it, it says.
ADB says growth depends on oil price fall
The Asian Development Bank has said the rapid growth of the region's economies may only be sustained if there is a decline in global oil prices.
Interview with IMF's Wanda Tseng
Wanda Tseng, deputy director at the IMF's Asia and Pacific department, said on Tuesday 2 May that China's decision to raise interest rates for the first time in 18 months is welcome but the country needs to let its currency move more freely.
A world out of balance
America’s deficits may not herald disaster says Angel Ubide, but should lead to questioning national monetary policy frameworks.
East Asia’s policy dilemmas
Regional cooperation on exchange rates would suit East Asia, but poor relations between China and Japan mean it is unlikely, argues Yung Chul Park
China's economy 'overheating a little bit'
People's Bank of China governor Zhou Xiaochuan said on Friday 28 April that the increase in the official Chinese benchmark lending rate is intended to rein in growth as the economy is "overheating a little bit".