Trump Confirms Tariffs, BOJ's End Game, Rupee Unrest: Eco Day

(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news from Bloomberg Economics:

  • The Trump administration will slap a 10 percent tariff on about $200 billion in Chinese goods next week, and more than double the rate in 2019, setting up what could be a prolonged trade war between the world’s two biggest economies
  • The Bank of Japan’s high-wire act: We surveyed economists and market strategists on what the end game could look like for the world’s most aggressive monetary stimulus of the modern era
  • China’s ever-growing money market funds are posing an increasing problem for the nation’s central bank
  • Workers in the world’s richest countries are getting their biggest pay bump in a decade, a step toward solving a labor market puzzle that’s unnerving central bankers
  • India’s falling currency is posing a problem for Prime Minister Narendra Modi; meanwhile, the government is considering merging three state-run lenders
  • By now, many people have heard of the replication crisis in psychology. Something similar is happening in economics

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