Trump's Fed Gambit, Epic Era Closing, Neutral Rate Hit: Eco Day

(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

• President Donald Trump is unhappy that his pick for Fed chief Jerome Powell has raised interest rates. But he can’t do much about it. That doesn’t mean Trump isn’t trying
• As Japan’s epic three-decade Heisei era draws to a close, here’s a look at the economy through a period that opened near the zenith of a massive stock-price bubble, suffered a triple-trauma of earthquake, tsunami and nuclear meltdown, and witnessed creeping social change
• Meantime, a key lending gauge suggests the Bank of Japan no longer needs to buy shares in real estate investment trusts
• Market volatility and GDP’s dive are explained by neutral rates in developed economies, says Jamie Murray
• Bank of Canada Governor Stephen Poloz is widely expected to cement expectations for a prolonged pause on interest rates on Wednesday
• New homes in London used to get snapped up even before construction was finished. Now the capital faces a record glut of unsold units
• Germans who want one of their nationals to succeed Mario Draghi at the ECB are wrong to consider the presidency in that way, according to one of the French contenders for the job
• Investment and consumption waned in India, latest high-frequency indicators show, putting a brake on growth in the world’s fastest-growing major economy
• Patience, bluster or escalation? Here’s how Iran might respond to Trump’s tightening of oil sanctions

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Henry Hoenig

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