One of the many talking points from today’s coordinated cuts in global interest rates is the fact that China quickly followed, whereas Japan left rates on hold. As it happens, the inaction from Japan is easy to explain in terms of domestic factors. But China’s decision to cut rates today, perhaps following advanced notice from the rest, can be seen as another sign of the shifting balance of economic and financial power in the Asian region.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services