The Japan Times
AsiaPac · 34 mins ago
✦ 72◉ Centre
War turmoil saps Asian reserves with Philippines and India hit most
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Credibility 72/100
Partisan intensity 35/100
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◉ Centre ✓ Fair headline
Asian countries, particularly the Philippines and India, are experiencing declines in foreign currency reserves linked to Middle East conflict-related energy price volatility and their dependence on imported energy.
War turmoil saps Asian reserves with Philippines and India hit most
The slide in reserves adds to evidence that Asia has been one of the biggest losers from the Middle East conflict due to its reliance on energy imports.
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