Andy's Feed
Aug 26, 2015
via Breakingviews

Impossible trinity gives China a difficult choice

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Beijing can bend the laws of economics, but it can’t break them. The central bank’s impressive foreign currency war chest gives China the room to muddle through between three objectives: lower interest rates, a stable yuan, and a reasonably open capital account. But reconciling what economists have dubbed the “impossible trinity” is beyond the grasp of even the People’s Republic.

Aug 26, 2015
via Breakingviews

Impossible trinity gives China a difficult choice

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Beijing can bend the laws of economics, but it can’t break them. The central bank’s impressive foreign currency war chest gives China the room to muddle through between three objectives: lower interest rates, a stable yuan, and a reasonably open capital account. But reconciling what economists have dubbed the “impossible trinity” is beyond the grasp of even the People’s Republic.

Aug 21, 2015
via Breakingviews

Asian capital controls are a real risk once again

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Asian capital controls are becoming a real risk once again. For the first time in 17 years, the notion that governments might curb money outflows is more than just a theoretical possibility.

Aug 18, 2015
via Breakingviews

Bangkok attack shakes Thai economy’s last support

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The deadly Bangkok bomb attack that has claimed at least 22 lives has also badly shaken the main source of support for the Thai economy: tourism.

Aug 18, 2015
via Breakingviews

Bangkok attack shakes Thai economy’s last support

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The deadly Bangkok bomb attack that has claimed at least 22 lives has also badly shaken the main source of support for the Thai economy: tourism.

Aug 13, 2015
via Breakingviews

China’s currency could fall another 5 percent

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The yuan might be going back in time, regardless of China’s remonstrations to the contrary. It’s already about halfway there. A weak economy and faltering prices hold enough hints that Beijing may not mind if the currency loses another 5 percent of its value against the U.S. dollar.

Aug 13, 2015
via Breakingviews

China’s currency could fall another 5 percent

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The yuan might be going back in time, regardless of China’s remonstrations to the contrary. It’s already about halfway there. A weak economy and faltering prices hold enough hints that Beijing may not mind if the currency loses another 5 percent of its value against the U.S. dollar.

Aug 11, 2015
via Breakingviews

Yuan devaluation raises currency war anxiety

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The anxiety level about a fresh round of worldwide currency skirmishes just went up by a notch. The trigger this time is a surprise, near-2 percent devaluation of the Chinese yuan against the U.S. dollar. The People’s Bank of China downplayed the move as a “one-time correction” and a shift to make the currency’s value more sensitive to supply and demand. But the mainland’s deflating economy raises the risk of a more sustained campaign of yuan debasement, followed by tit-for-tat moves by other countries.

Aug 11, 2015
via Breakingviews

Yuan devaluation raises currency war anxiety

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The anxiety level about a fresh round of worldwide currency skirmishes just went up by a notch. The trigger this time is a surprise, near-2 percent devaluation of the Chinese yuan against the U.S. dollar. The People’s Bank of China downplayed the move as a “one-time correction” and a shift to make the currency’s value more sensitive to supply and demand. But the mainland’s deflating economy raises the risk of a more sustained campaign of yuan debasement, followed by tit-for-tat moves by other countries.

Aug 10, 2015
via Breakingviews

Singapore’s anti-ageing cure will take time

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Singapore’s anti-ageing solution will only work when the global economy is healthier. In the meantime, the Asian city-state will continue to show its wrinkles.

    • About Andy

      "Andy Mukherjee covers Asian economies from Singapore. He joined from The Straits Times where he was a senior writer. Andy spent eight years at Bloomberg News, the last five as an Asia columnist. In 2004, and again in 2006, he was awarded the second prize for outstanding commentary writing by the New York-based South Asian Journalists' Association. He left Bloomberg to join a start-up business television station in Mumbai where he was the executive editor until 2010. Andy has an undergraduate degree in journalism from University of Delhi."
    • Follow Andy