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The Business Station
Higher For Longer Interest Rates Dragging Down Yen And EM Currencies
12 mins·07:00, 7 Sept 2023
Higher For Longer Interest Rates Dragging Down Yen And EM Currencies
12 mins
·
07:00, 7 Sept 2023
·
Recommended
Guest: Vishnu Varathan, Head of Economics & Strategy, Mizuho Bank
The US dollar is soaring on the back of expectations that US interest rates will stay higher for longer, putting pressure on currencies including the Yen and Renminbi. We contrast the responses of the Bank of Japan and the People's Bank of China with Vishnu Varathan of Mizuho Bank.
Image Credit: Shutterstock
Presenter: Shazana Mokhtar, Keith Kam, Mark Tan
Producer: Shazana Mokhtar
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