In sharp U-turn, monetary policy easing back in play across Asia
“A slowing global economy and increasing strain on businesses from a year-long Sino-U.S. trade war are tilting central banks from Japan to Australia toward monetary easing in a remarkable 180 degree turn.”
USAGOLD note: This article emphasizes the spread of disinflation in Asian countries. The problem with disinflation is the systemic risks that usually come with it. In the contemporary financial framework, wherein interlocking counterparty risks play a central role, a failure in one country can spread to other countries overnight – including developed countries and their financial systems.