Asia Economy

Bank Indonesia has reduced its interventions in the foreign exchange spot market, according to the central bank governor. The move signals greater comfort with the rupiah's current level and a shift in how the bank manages currency stability. Markets watch these interventions closely as a gauge of pressure on Southeast Asia's largest economy's currency.

The IMF faces a major test at its gathering in Bangkok, where policymakers are weighing how to steady a global economy strained by high debt, elevated interest rates and slowing growth. Analysts, including the Atlantic Council, are watching whether the institution can offer credible guidance to emerging economies in Asia struggling with capital outflows and currency pressure.