A man rides a bicycle past the People’s Bank of China (PBOC) headquarters in Beijing. (Photographer: Qilai Shen/Bloomberg)

Global Economy Tremors, BOJ Exit Signs, PBOC Interview: Eco Day

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

  • Woken one night by a 6.4 magnitude earthquake at the IMF annual meetings in Bali, global finance chiefs spent the week assessing the tremors now rippling through the world economy
  • China’s central bank is considering a range of risks in its currency policy, including a worst-case scenario, Governor Yi Gang said in an exclusive interview
  • Look to bond yields for the first sign that the Bank of Japan is finally ready to start exiting its years-long monetary stimulus, Governor Haruhiko Kuroda said in an interview; in a separate event, he warned about the rise in protectionism
  • China’s ambassador to the U.S. said Beijing has no choice but to respond to what he described as a trade war started by the U.S.
  • Bank of England Governor Mark Carney warned against the “weaponization” of assets in the global financial system as central bank chiefs fretted about the impact of a trade war
  • Brexit talks were put on hold as the stalemate deepened, ramping up the chances of another diplomatic disaster for Prime Minister Theresa May
  • Recently released data show that the top 3% of U.S. taxpayers paid the majority of income taxes in 2016

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