Asian currency wars threaten LCY bond bid

International investors’ bullish outlook on Asian local currency bonds is under pressure due to the volatility incurred as a result of competitive devaluation among policymakers in the region.

  • 14 Feb 2013

The expected appreciation of several Asian currencies is likely to be disrupted as policymakers attempt to increase capital controls in order to boost competitiveness. This will negatively impact local currency bond performance as global investors shy away from possible volatilities.

The Bank of Japan (BoJ) is under pressure ...

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