Asia credit to survive Fed taper

The Fed has decided to reduce its monthly asset purchases, potentially triggering outflows from Asia once again but the region is much better prepared to withstand the turmoil this time round.

Asia credit to survive Fed taper
Ben Bernanke: The Fed chairman is cutting $10 billion from its monthly QE programme

The US Federal Reserve has announced its decision to cut its monthly bond purchases to $75 billion from $85 billion, suggesting that the world’s largest country is on road to recovery. But fund outflows from Asia could materialise once again although the magnitude is likely to be more subdued compared to the summer.

The $10 billion reduction comes from two areas the Fed will reduce its US Treasury purchases from $45 billion to $40 billion...

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