tony nash fromis complete intelligence. bloomberg. ♪ rishaad: to avoid the so-called asian central banks are stacking assets ahead of the expected move to hike rates this week. let's look at how banks in the world are positioning themselves. we bring in tony nash from complete intelligence, where he intelligence analyst. -- bloomberg china model terminal says near 100% chance of a rate hike here it is the fed does that -- 100% chance of a rate hike. that, how can the countries react differently? >> in general, we are not seeing a lot of inflation. if the fed raised and you were seeing inflationary pressures, you would see much more pressure for central banks to act. i think the real concern is the rotation of investors to the u.s. from asia. -- basis a 25 aces point rate hike. you may see guys like indonesia act overtime. we don't think they will act right now, but maybe in the coming months, but you will continue to see japan being extremely loose. wouldrt of fed rate hike see the jp way, leaving mr. kuroda. rishaad: this