Si Ying Toh joined Nomura in August 2021 and is an economist covering Asia ex-Japan, focusing on thematic macroeconomic research. Prior to her current role, Si Ying’s work experience has been in FX & rates sales and corporate banking at Nomura, TD Securities and HSBC. She graduated from the National University of Singapore with a bachelor’s degree in economics (first class honours).
Asian economies today are more able and willing to tolerate currency depreciation. To slow it down, Asia could use an array of instruments, from interest rate increases and opportunistic currency interventions to piecemeal capital- flow management.