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Fed Preview, Abe's Spending Dilemma, China's Tech Race: Eco Day
Fed Preview, Abe's Spending Dilemma, China's Tech Race: Eco Day
08 Nov 2018, 01:56 PM IST
(Bloomberg) -- Welcome to Thursday, Asia. Here’s the latest news from Bloomberg Economics:
- Fed officials will likely use this week’s meeting to ponder broader policy questions with interest rates likely on hold, says Carl Riccadonna
- With Shinzo Abe determined to increase the sales tax, Japan is testing public reaction to a string of potential measures to maintain spending
- Foreign firms in China face rising competition from domestic players in advanced sectors they once easily dominated. Meantime, China’s foreign currency holdings shrank again in October in response to a rising dollar
- President Trump may be encouraged to pursue more protectionism and could get a hand from Democrats on his trade agenda
- Meanwhile, Australia effectively told China not to bother bidding for gas pipelines after knocking back a $9.4 billion offer citing security concerns
- New Zealand held rates at a record low and removed references to a cut as a tight labor market suggests faster inflation could be in the offing
- Brazil central bank President Ilan Goldfajn can stay in his current post if he wants to, President-elect Jair Bolsonaro said, as congressional leaders mulled granting the monetary authority formal autonomy
- The European Central Bank nominated veteran regulator Andrea Enria to become the second-ever head of its supervision arm, and in doing so effectively put its diversity agenda at the bottom of the drawer
- China’s grand online vision -- heralded with the first World Internet Conference in 2014 -- now rings hollow as censorship spreads further
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, Chris Bourke
©2018 Bloomberg L.P.
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