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China Recovery, Asia Electronics Strength, BOJ to Hold: Eco Day

China Recovery, Asia Electronics Strength, BOJ to Hold: Eco Day

(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • China’s activity data are likely to show the recovery extending into May. Industrial production growth will probably accelerate. But the recovery in consumption might undershoot, says Chang Shu
  • Global trade data in the Covid-19 era has been generally abysmal, but look a little closer and the electronics sector that fires Asia’s trade engines could be headed for a pretty good year
  • The Bank of Japan is expected to leave its main policy levers untouched Tuesday as it assesses a raft of measures already taken to support the pandemic-hit economy
  • Beijing shuttered the city’s largest fruit and vegetable supply center and locked down nearby housing districts as dozens of people tested positive for the coronavirus, raising fears of a resurgence
  • The U.S. economy is recovering from the “act of nature” that coronavirus created, said White House economic director Larry Kudlow, rejecting a more cautious view of the outlook given last week by Fed chief Jerome Powell. Meantime, Fed Dallas chief Robert Kaplan says the jobless rate will remain elevated through year’s end
  • Australian Prime Minister Scott Morrison will on Monday announce A$1.5 billion ($1 billion) in new infrastructure funding as his government seeks to kickstart an economy
  • One Hong Kong businessman moved $10 million to Singapore and plans to transfer more. Another is eyeing London property. Well-to-do families across the city are opening offshore bank accounts and applying for alternative passports

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