Anthony Rowley

United States

Journalist at South China Morning Post

Japan Correspondent at Asia Asset Management

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Articles

Gold soars as a reserve asset in portfolios of central banks

1 day ago | asiaasset.com | Anthony Rowley

Gold’s soaring ascent as a reserve asset in the portfolios of central banks spells possible trouble ahead for other financial assets, not least the dollar. The yellow metal may not yet have regained its status as an effective currency but it appears to be moving further in that direction. Gold has overtaken the euro as the world’s second most important reserve asset behind the dollar for central banks, driven by record purchases and soaring prices, according to the European Central Bank.
Macroscope | A truly Asian economic bloc - can Asia succeed where it failed?

1 week ago | scmp.com | Anthony Rowley

“It’s an ill wind that blows nobody any good,” to quote a centuries-old proverb. It is one that could be applied now with justification to the ill winds sweeping across the Pacific from US President Donald Trump’s America to Asia. These disruptive currents are creating geopolitical turbulence, economic disruption and financial instability. However, the opportunity they present for Asia to challenge the post-war economic order and reshape its own destiny has received less attention.
A truly Asian economic bloc – can Asia succeed where it failed? | Flipboard

1 week ago | flipboard.com | Anthony Rowley

12 hours agoDUBAI, United Arab Emirates (AP) — When Ellie, a British-Iranian living in the United Kingdom, tried to call her mother in Tehran, a robotic female voice answered instead. “Alo? Alo?” the voice said, then asked in English: “Who is calling?” A few seconds passed. “I can’t heard you,” the voice …
Macroscope | How the obsession with risky assets is putting global finance in peril

2 weeks ago | scmp.com | Anthony Rowley

Fashionable, frivolous or downright foolish? Which of these words best describes the trend in markets toward derivatives, cryptocurrencies, digital assets and tokens as supplements or alternatives to traditional finance? Where is this great “paper chase” leading? For one thing, it is likely to be causing a flight into gold. But unless gold is remonetised and mining output is stepped up sharply, that trend could lead to deflation and limited economic growth.
Elusive search for safe haven investments

2 weeks ago | asiaasset.com | Anthony Rowley

A recent Atlantic Council blog post by a seasoned financial official illustrates the dilemma facing asset managers in deciding allocations among stocks, bonds and alternative assets.
Macroscope | How China’s overlooked financial system enabled its industrial success

3 weeks ago | scmp.com | Anthony Rowley

China has powered ahead of other nations in terms of industrial and export development, to the point where it is now seen by rivals (not least the US) as a threat that must be countered by trade protectionism. But most analyses of its success overlook the key role played by China’s financial system. The mirror image of that success is the failure by many Western economies to nurture savings collections and investment systems that are well attuned to promoting balanced economic growth.
How China’s overlooked financial system enabled its industrial success

3 weeks ago | flipboard.com | Anthony Rowley

1 hour ago Trump’s China Gambit Belies Rocky Road Ahead on Tariff Deals President Donald Trump has come up short on striking trade deals with most nations with just one month left before his self-imposed tariff deadline, … Now Trump says Xi agreed to restart flow of crucial minerals, but analysts say China won’t give up its ‘rare earth card’ Hong Kong CNN — US President Donald Trump said Chinese leader Xi Jinping has agreed to restart the flow of crucial rare earth materials, after announcing...
An “extraordinary” feat

3 weeks ago | asiaasset.com | Anthony Rowley

Asia Global Japan Japan moves to build on success of the NISA tax exempt investment scheme That which Japan does not invent itself, it often improves upon. This is certainly true of the Nippon Individual Savings Account (NISA) scheme which was launched in 2014. The tax exemption programme for private investors was modelled originally al...
Macroscope | How to save the world economy (and make Trump think it was his doing)

4 weeks ago | scmp.com | Anthony Rowley

US President Donald Trump is an enigma. He has correctly identified the two most unsustainable elements of the global economic order, but his attempts to bring about their creative destruction threaten disaster. Has he perhaps revealed a paradoxical truth that such destruction is the only practical way to go? It was never going to be possible for the United States to remain the “consumer of last resort” indefinitely, thereby allowing other economies to pursue unsustainable export-led growth.
Asian bonds become less dependent on US dollar

4 weeks ago | asiaasset.com | Anthony Rowley

The European Union is accelerating its drive to integrate the bloc’s capital markets in the wake of US President Donald Trump’s tariff shocks and their impact on financial markets. Asia’s plans are not as well advanced yet, but the growth of the region’s bond markets over almost three decades have been spectacular.