ADVERTISEMENT

Central Banks’ Climate, Big in Japan, India Shock Looms: Eco Day

Central Banks’ Climate, Big in Japan, India Shock Looms: Eco Day

(Bloomberg) -- Explore what’s moving the global economy in the new season of the Stephanomics podcast. Subscribe via Apple PodcastSpotify or Pocket Cast.

Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend:

  • Central banks can’t be at the forefront of the fight against climate change but they can help, outgoing ECB member Benoit Coeure said. Meantime, Bundesbank chief Jens Weidmann rejected calls for the ECB to include environmental goals in its QE program
  • Japan looks set to re-embrace the power of public spending with one of its biggest ever stimulus packages
  • The bad news is getting worse for India’s economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout
  • What does the business of flashy superyachts for the megarich have to do with the health of the U.S. economy? Listen to the Stephanomics Podcast to find out
  • ECB policy makers expect to tweak their inflation target in an upcoming strategy review but will struggle to go much further
  • Canada’s economy is shifting into a lower gear as some of the country’s growth drivers begin to lose steam
  • The Bank of Israel has considered tools, including negative rates, to halt the shekel’s appreciation and avert a slowdown
  • The U.S. has moved a step closer to gaining greater access to the EU beef market, writes Jonathan Stearns in Terms of Trade
  • Meantime, more than a year into the trade war, U.S. and China negotiators are still working toward a deal. Here’s a timeline of events since May
  • Chile’s central bank announced it was intervening in the currency market after the peso fell to a record low for a second day
  • China is making a habit of issuing vague retaliation threats. So far, however, it hasn’t actually done much. Meantime, when a suspected Chinese spy was extradited last year, the U.S. praised the “significant assistance” given by authorities in Belgium

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, Jason Clenfield

©2019 Bloomberg L.P.