Asia's re-balancing act

Asia is rapidly becoming less reliant on the G3 economies, but needs to implement key macro measures to prevent setbacks, says Nomura's Robert Subbaraman.

“The debate over Asia 'decoupling’ is too black and white for our liking,” said Robert Subbaraman, Nomura’s chief economist for Asia ex-Japan.

Global financial markets are too integrated for Asia to fully decouple from the major industrialised countries. But, on the other hand, Nomura believes that Asia’s economies are in the process of rebalancing towards domestic demand, China, and emerging markets in general.

“This process is happening faster than most people realise,” said Subbaraman during a media call...

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