China Stimulus, U.S. Boost From Slowdown, BOJ Unchanged: Eco Day

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s news from Bloomberg Economics to help get your day started:

  • China unveiled a package of targeted policies to boost domestic demand as simmering trade tensions threaten to worsen an economic slowdown; President Trump’s efforts to prise open China’s markets are likely to prove counterproductive
  • German view. The U.S. would probably benefit from a sharp slowdown in China’s economy even as the rest of the world suffers, according to Bundesbank calculations. In contrast, Jamie Dimon maintains any trade war could stifle economic growth
  • Contrary to markets, economists are unanimous in their view that the Bank of Japan will leave monetary policy unchanged at next week’s board meeting
  • Mexico is redoubling its efforts to reach a Nafta agreement with the U.S. and Canada by the end of August as Trump pledged “dramatic action”
  • Evoking Weimar: Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole, the IMF predicts
  • As the BOE prepares to increase interest rates, No. 2 Ben Broadbent launched a defense of the bond-buying program the bank used when rates got close to zero

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