April ‘Head-Scratcher,’ Inflation Brewing, Japan Spends: Eco Day

Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day.

  • Fed officials say April’s disappointing jobs report doesn’t change the upbeat outlook for the labor market amid strong consumer demand
  • Inflation continues to brew in the U.S. industrial heartland as growing materials shortages cascade into record-long delivery times. Here’s how simple math can be casting an inflation illusion
  • Japan’s household spending rose above year-earlier levels in March for the first time in four months. Yuki Masujima says high-frequency data show Japan’s activity picked up over the Golden Week holidays
  • Chinese debt is back in favor with overseas investors
  • Australia’s windfall from soaring iron ore and a tumbling jobless rate is set to narrow the budget deficit and deliver spending firepower
  • Chile’s privately run pension funds -- set up by the Chicago Boys under Augusto Pinochet’s dictatorship -- are in a battle for survival
  • Malaysia tightened restrictions on movements nationwide to check a fresh surge of Covid infections as a fast-spreading strain identified in India will be classified as a variant of concern by the WHO
  • Long before Myanmar’s military seized control of the streets, the influence of the armed forces was visible in citizens’ daily lives

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