New Economy

Why Asia May Invest More in Its Own Backyard

The Tokyo skyline

Photographer: Kiyoshi Ota/Bloomberg
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What’s old is new again, as the saying goes. In the years following the 2008 global financial crisis, economies and investors had to contend with (or were happy to enjoy) dramatically lower interest rates than those that prevailed prior to what came to be known as the Great Recession.

Those days now appear over.