Asian central banks seen entering currency markets if Fed tapers off
Asia's central banks are likely to use heavy currency intervention as their weapon of choice in dealing with regional market turbulence but high debt levels will make them more reluctant than in the past to raise interest rates if tensions escalate.
via Business feed http://www.scmp.com/business/economy/article/1261123/asian-central-banks-seen-entering-currency-markets-if-fed-tapers