With the implementation of the quantitative easing policy of the United States is expected to gradually warming up James Harden Womens Jersey , massive influx of hot money in Asia. Because of concern that the regional economic recovery and the stability of financial markets will be affected Asian countries began to make moves to deal with the government.
Thailand fist fight hot money
With sustained economic growth in Asia, the influx of foreign capital once again to invest in stocks and fixed income Asian financial sector, and the current exchange rate of the friction between the countries to accelerate the influx of more hot money to promote Asia. In response, many governments seem to take some action. Yesterday, the Thai cabinet passed a package of measures aimed at curbing the rapid appreciation of the baht and the baht appreciation of the support was due to the adverse effects of the enterprise.
It is reported that foreign investors in Thailand will buy the 15% tax bond proceeds Carmelo Anthony Womens Jersey , the measure came into effect from 13. Thai Finance Minister Zhadiwani said that Thailand's decision to cancel the tax exemption for foreign investors, thus slowing domestic bond market, foreign capital inflows, to control the rate of the baht appreciation. If the baht continues to strengthen against the dollar, the Thai government will also consider additional measures to curb capital inflows.
Bank of Thailand previously that the main trend of the baht by political turmoil earlier this year the baht led to delayed responses. However Eric Gordon Authentic Jersey , Thailand's Deputy Prime Minister for Economic Affairs Dai Long acknowledged that other countries in the Asian region compared to currency exchange rate movements, the rise in the baht is strong. Some analysts said the Thai government introduced a package of measures is unlikely to slow down the speed of global capital flows, but it may prompt other Asian countries to take similar measures.
Earlier, Brazil and South Korea and other countries also control the currency appreciation through taxation, to reduce the outlet pressure. China's State Administration of Foreign Exchange said in a report yesterday also Chris Paul Authentic Jersey , foreign exchange management will continue to crack down on hot money flows in the high-pressure situation.
Japanese government intervention in currency markets
States should make moves to suspend the hot money trend appreciation of Asian currencies, the Asian trading hours yesterday, the baht, the Australian dollar and Korean won currency has been falling. However, the yen has maintained a strong yen level against the dollar once again exceeded 82 Hakeem Olajuwon Authentic Jersey , and once again set a new high in 15 years. Japan's stock market plunge strong yen dragged down the Nikkei 225 index plunged 2.1% yesterday to close at 9388.64 points, the highest since September 8 the biggest one-day drop since.
Ye Tian Jiayan Japanese Finance Minister reiterated yesterday that the Government of Japan will intervene in currency markets when necessary, including, including the decisive measures to curb the yen gains. Some market participants that the Japanese government or to intervene in currency markets again, but any actions are not sufficient to change the market trend James Harden Authentic Jersey , the Japanese yen against the dollar, breaking 81 mark is only a matter of time.
Hot money inflows pushing up the stock market, but by many countries started blocking the impact of hot money, the stock market yesterday, the general decline in the Asia-Pacific region Carmelo Anthony Authentic Jersey , MSCI Asia Pacific Index fell 1.5%. Asia-Pacific stock markets followed the decline, rapid decline in morning trading in Europe yesterday, the European Stoxx 600 index fell more than 1%, of which the largest decrease in mining stocks. At the same time, the euro fell below 1.3800 against the dollar mark. Sources pointed out that the European Central Bank plans to quickly withdrawn from circulation through a capital bid of liquidity to offset the impact of substantial increase in liquidity. You might be looking to plan your weddings in the best