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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