ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Central banks rush to calm Asian markets

BANGKOK -- After sliding crude oil prices and the collapse of the Russian ruble triggered wide sell-offs in Asian currencies and stock markets, governments and central banks rushed to calm investors with assurances of strong fundamentals.

     "We are in an excellent position, and there is no need to be too worried about the situation," Indonesian President Joko Widodo said during an economic affairs meeting Dec. 17. The rupiah had hit its lowest level against the dollar since August 1998, after the Asian financial crisis.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more