Day: March 26, 2021

Non-Japan Asia: NEERs and FX intervention

Non-Japan Asian (NJA) central banks’ foreign currency (FX) reserves have gradually increased since end-March 2020, arguably the peak in global risk aversion.

We estimate that the aggregate US Dollar-value of FX reserves in China, India, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand increased by about $514bn or 10% in the eleven months to end-February 2021 to about $5.66 trillion.Read the rest

Asia

ASIA: Weekly politics update

Below is the weekly update of political developments across East Asia. Please do not hesitate to contact us if you want to discuss any of the countries mentioned in more detail.

CHINA: Domestic vaccinations accelerate, but vaccine diplomacy hits snags

After a slow start, China’s domestic vaccination campaign is accelerating.Read the rest