Asian rates are going up...maybe

As inflation starts to creep back into Asia, the markets could see a battle royal between exporters and central bankers.

I had a very interesting conversation with Bijan Aghevli yesterday. Aghevli is Chase's managing director of Asian Economic and Policy Research and a former director of the IMF who was instrumental in the 1997-98 negotiations with Thailand, Korea and Indonesia.

He believes that as growth rates keep growing throughout the region so the economies will return to full capacity. With that, inflation willl start creeping back into the economies and then it will be very difficult for Asian...

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