Related:
Bankers consider asset re-pricing and credit bubble risks
Currency wars will likely impact foreign asset returns
“Emerging market
economies are especially agitated by Japan’s moves. With interest rates near
zero in the U.S., investors have piled into Turkey, Thailand, South Korea, and
the Philippines in search of better bond returns. That’s driving their
currencies up, and a weaker yen amplifies that trend. Thai Finance Minister
Kittiratt Na-Ranong says the baht’s exchange rate is “not at a good level.”
South Korean Vice Finance Minister Shin Je Yoon says Korea wants the G-20 talks
in Moscow this February to focus on the effects of monetary easing in the U.S.,
Europe, and Japan.” - Businessweek