Asia’s Currency-Defense War Chest Has Swelled to $8 Trillion
Asia’s foreign-exchange reserves have surged to almost $8 trillion, providing the authorities from Tokyo to Mumbai with ample ammunition if they need to step up defending their currencies.
By Subhadip Sircar · Bloomberg Markets
Asia’s foreign-exchange reserves have surged to almost $8 trillion, providing the authorities from Tokyo to Mumbai with ample ammunition if they need to step up defending their currencies.