China’s Self-Reliance, 1986 Goal, Jobless Claims Drop: Eco Day

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

• China’s top policy makers meet next week to hammer out an economic blueprint that should offer clues on how the leadership plans to pivot to greater self-sufficiency
• The Bank of England talks so much about negative interest rates that it might avoid having to actually use them
• The number of Americans filing for unemployment benefits fell for a third time in four weeks, suggesting a recovering labor market
• China is going all out in remembrance of its participation against the U.S. in the Korean War, sending a message to Washington
• House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin are “just about there” on a key piece of a coronavirus package
• Oil demand could see “lasting impacts” from the coronavirus while modest gains are projected in metals and agriculture prices
• The U.K. is set to sign a trade deal with Japan in Tokyo on Friday
• Overseas borrowers have flocked to the dollar, from Indonesia to Colombia and Nissan Motor Co. to Manila’s water utility
• The Bank of Israel will buy 35 billion shekels ($10.3 billion) more in government bonds and provide cheap credit for small businesses
• Turkey raised the upper bound of its interest-rate corridor but unexpectedly left its benchmark on hold, risking further volatility in the lira as the central bank sticks with its stealth tightening
• Indian Prime Minister Narendra Modi’s plan to raise the legal age for marriage of women carry “enormous” economic and social gains

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