Weakness in key Asian bellwether has authorities there panicking into bailouts, setting its central on course to be the next major to head into "historically" low interest rates. That's not all, there's already spillover from the tariff shock in China where reports show work stoppages and factory closings. And rates there are right back near record lows. 

Eurodollar University's Money & Macro Analysis

ChosunBiz South Korea's economy faces 0.2% GDP decline amid tariff and political turmoil
https://biz.chosun.com/en/en-policy/2025/04/24/O6H63WLPC5BHDE3HUEYUTF6UUM

South Korea Ministerial Meeting on Economic Affairs and Ministerial Meeting on Strengthening Industrial Competitiveness (Apr.15, 2025)
https://english.moef.go.kr/pc/selectTbPressCenterDtl.do;jsessionid=ngE3YYBKCpQ6L--F1ty-I76Sl7rjfIGh94TDtjlr.node20?boardCd=N0001&seq=6146

FT Chinese factories slow production and send workers home as US tariffs bite
https://www.ft.com/content/d5784258-4de3-44a1-94ae-6f763857b034

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