(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
ADVERTISEMENT
- It’s like a cold case that still baffles investigators. After years of rock-bottom interest rates and with unemployment at 3.8 percent, where is the inflation? It’s a whodunit that hangs heavily over the Fed. Meantime, the latest culprit for weak prices is safer driving
- A delay to Brexit day now looks very likely, keeping economic uncertainty elevated: Dan Hanson estimates a three-month delay could shave 0.2 ppt off U.K. GDP growth and put back a rate hike
- President Donald Trump’s top trade negotiator said the U.S. must keep the option of raising tariffs on China as a way to ensure Beijing lives up to an agreement that could be finalized in a matter of weeks
- Jerome Powell says America’s workforce faces serious challenges as education levels climb slowly; meantime, Wall Street’s abuzz about a new tool Fed policy makers are studying for managing interest rates
- It turns out the ECB’s loan bazooka mightn’t reveal its true firepower to investors for months
- Here’s a QuickTake on how Modern Monetary Theory allows politicians to think big
- Prime Minister Shinzo Abe should abandon a scheduled increase in the sales tax this year as it risks pushing Japan’s economy into recession. Finance Minister Taro Aso’s comments in parliament suggest the government is taking a more relaxed attitude toward defining success in the quest to hit 2 percent consumer-price growth
- Subdued inflation in India is proving to be a dilemma for Prime Minister Narendra Modi weeks before a crucial vote. The good result is driven by falling food prices that hurt the vast farm electorate
- Thailand is advancing same-sex partnership legislation. And one of its biggest industries, tourism, is paying close attention
- Argentina’s central bank seems willing to do whatever it takes to exorcise last year’s currency crisis, even if it means prolonging a recession and risking President Mauricio Macri’s re-election
- In the contest for Iraq’s loyalty, geography is proving irresistible as it builds economic ties with Iran while a sidelined U.S. looks on
- Chinese and Russian hackers are attacking Indonesia’s voter data base in a bid to disrupt the upcoming presidential election, according to a senior election commission official
ADVERTISEMENT
©2019 Bloomberg L.P.