TOKYO — Global markets are struggling to discern if the US-Iran ceasefire is real or happy talk. Yet emerging-market governments in Asia don’t have that luxury as capital outflows accelerate. Already, outflows to date put developing economies at the center of the collateral damage zone amid war in the Middle East. In March alone, foreign […]
For India, Indonesia and Thailand, the Iran war isn’t just an oil shock — it’s a fiscal, currency and growth threat all wrapped into one
