[HIGHLIGHTS] A battle between the Thai government and the central bank to reduce interest rates quickly? [Economy column from Asia]

The Nikkei Stock Average has reached the 40,000 yen mark for the first time in history. One of the reasons behind this is the growing expectation of a US interest rate cut.

Thailand is a Southeast Asian country where the future of monetary policy is a focus. There are concerns that if Thailand decides to cut interest rates ahead of the US, it could lead to another currency depreciation. The central bank remains unmoved; there is no “crisis situation” How will the central bank respond to the government's demand for interest rate cuts?