Asia's Developing Future

Negative interest rates in Japan are leading banks, pension funds, and other investors to look overseas for better returns, but they are mostly ignoring developing Asia, and with rates rising in the US and Europe, that is unlikely to change. Alicia Garcia-Herrero, a prominent economist who has worked at the International Monetary Fund and is now chief economist for Asia-Pacific at the French investment bank Natixis, told the annual conference of the Asian Development Bank Institute that investors were being driven from Japanese markets by the low rates used by the Bank of Japan to boost economic activity and end decades of deflation. Read the transcript https://bit.ly/2EitXU4 Read the book https://www.adb.org/publications/implications-ultra-low-and-negative-interest-rates-asia Know more about ADBI’s work on interest rates https://bit.ly/2GxboBs https://bit.ly/2uL2KKq