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Erdogan Defiant, the Next Recession, China's De-Risking: Eco Day
From Turkey salvaging its crumbling Lira, to China coping with an escalating trade war with the U.S, here’s all you need to know.
13 Aug 2018, 06:37 PM IST 
A cashier counts out 100 denomination Turkish lira banknotes at a currency exchange bureau in Istanbul, Turkey. (Photographer: Kerem Uzel/Bloomberg)
(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news from Bloomberg Economics:
- Buckle in. Turkey is set for another week of financial-market turmoil with its face-off with the U.S. showing no sign of abating. Recep Tayyip Erdogan is maintaining his defiance toward the U.S. and financial-market orthodoxy
- When it comes to investing and policy making, it pays to think ahead: here’s our guide to the potential causes and warning signs of the next recession
- The Bank of Japan has scooped up so many shares of the nation’s exchange-traded funds that it effectively owns a controlling stake in the market. Now investors are considering a future in which it buys less
- As China taps the brakes on deleveraging, it’s worth assessing how much progress it’s made in de-risking the economy. Our analysis shows there’s a still long way to go
- For more on China data and what else to watch in the coming days, here’s our guide to the week ahead for the world economy
To contact the reporter on this story: Chris Bourke in Sydney at cbourke4@bloomberg.net
To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Henry Hoenig
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