Daniel Moss

THE RESILIENCE of the global economy in coming decades will hinge on geopolitics, the evolution of supply chains, technology — and demographics.

Setting policy in one of the fastest-growing major economies comes with no shortage of challenges. The case for an interest-rate increase in South Korea, the first in three years, was strong. It won’t be a one-time move — it will take effort, and some luck, to cool this rapid expansion.

As the US relationship with some traditional allies fractured during the second Trump administration, ties with Tokyo have only improved. Now, after they launched a coordinated intervention to strengthen the yen, the alliance seems to explicitly include backing for the Japanese currency.

As the U.S. relationship with some traditional allies fractured during the second Trump administration, ties with Tokyo have only improved. Now, after they launched a coordinated intervention to strengthen the........

For almost 50 years, since then-Federal Reserve Chair Paul Volcker showed enormous courage by pushing interest rates to 20% to vanquish sky-high inflation, central bank independence has served the global economy extremely well. It has unleashed historic prosperity and smoothed boom-and-bust cycles. That very success — and the power bestowed on policymakers — has also come at a price that lawmakers say is now due.

Prabowo Subianto’s efforts to reshape Indonesia’s economy are reaching their limits. Wary of a renewed run on the rupiah, the president picked an orthodox economist and monetary insider to helm the central bank. It would be to the nation’s benefit if he can curb his instinct to interfere and let her do the job — even when painful steps are required.

How much operating space does the president's nominee to Indonesia's central bank have? Signals of autonomy will support market confidence in policy. Jakarta mustn't ignore the risk of capital flight if politics is seen to be in control.

If a crucial goal of central banks is controlling inflation, then targets for the pace of price changes have been an indispensable ally. To rise to the task of helping economies with the challenges of the 21st century, their usefulness needs a rethink.

To rise to the task of helping economies with the challenges of the 21st century, their usefulness needs a rethink.

Vietnam's economy is on a roll. Hanoi, basking in the kind of praise that Southeast Asian peers won prior to the region’s financial crisis in the 1990s, wants still more rapid growth. But leaders should be careful — such enthusiasm might well hasten the boom's undoing.