Indonesia among big losers of the end of cheap yen

The Bank of Japan’s interest rate hike, raising the benchmark rate to its highest level in 30 years, was the tremor Indonesia had long feared but hoped to delay. By increasing its short-term rate to 0.75%, BOJ governor Kazuo Ueda has done more than stabilize the yen; he has effectively altered the gravity of the
The post Indonesia among big losers of the end of cheap yen appeared first on Asia Times.Asia TimesRead More