China Under Xi, Trump's Fed Problem, RBA's Lowe on Jobs: Eco Day

(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news from Bloomberg Economics:

  • Why there’s good news hidden in China’s tumbling stock markets and slowing economy
  • President Donald Trump renewed his criticism of the Federal Reserve, describing the U.S. central bank as a “problem” as he called for lower interest rates
  • The university professor at the center of fresh debate on the Bank of Japan’s monetary policy said scrapping negative interest rates now could support economic growth and prices
  • Australia’s unemployment rate could probably fall another half a percentage point without wages accelerating too fast, according to the central bank governor
  • Emerging-market central bankers are taking stronger steps to rein in current-account deficits, even though they say the attention the market puts on this metric is all a bit unfair
  • Trump is undermining America’s diplomatic and military ties with South Korea -- not just its economic relationship -- by threatening to impose auto tariffs, says a senior lawmaker in Seoul
  • The Bank of Canada is preparing the most thorough review of its inflation targeting mandate in three decades

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