Impetus for Asia Interest Rate Cuts Is There, JPMorgan's Pang Says
Jason Pang of JPMorgan Asset Management says Asian government bonds are seeing inflows as part of the "flight to quality, flight to safe haven." Pang also tells Bloomberg Television that now is not the time for the region's central banks to wait on interest rates. "If you're too late in the rate cut cycle, I think being behind the curve can be very costly for these economies," he says.
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