Asian Markets on Edge: China Cuts Rates, BOJ Pressure Builds

Asian Central Banks are dominating the headlines today after China's central bank disappointed investors when they cut their benchmark 1 year lending rate by just 0.1%. Markets were hoping for more aggressive support for the country's struggling financial system. Meanwhile in Japan the pressure is building on the BOJ to allow interest rates to rise faster as bond market participants front running the anticipated rate increases are forcing the BOJ to intervene with increasing frequency and intensity.

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