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Opinion
William Pesek

Why Asia Should Welcome the Taper

Fed tightening should give momentum to reforms in India and Indonesia.
Widodo will find markets to be merciless arbiters.

Widodo will find markets to be merciless arbiters.

Photographer: Dimas Ardian/Bloomberg

Now that Janet Yellen has set the stage for Federal Reserve rate hikes, the conventional wisdom is that Asia is in trouble. If the taper tantrums of 2013 threw markets and currencies into turmoil, just wait until the U.S. tightens for the first time since 2006. But what if the coming Fed cycle is really an opportunity for the region?

QuickTake The Fed Eases Off