Economics

Fed’s Aggressive Rate Hike Plans Jolt Policy in China and Japan

  • Fed officials signal urgent need to get rates to ‘neutral’
  • Both China and Japan have seen investor outflows in response
WATCH: The yen is down for a 14th consecutive session, weakening toward 130 per dollar. Ruth Carson reports.Source: Bloomberg
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Asia’s two biggest central banks are having to grapple with the fallout from the Federal Reserve’s hawkish pivot.