N.Z. Bubble Trouble, Inflation Returns, China Challenge: Eco Day

Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • New Zealand is clamping down on property investors in an attempt to rein in spiraling house prices
  • Global markets -- from U.S. and European bonds to stocks and oil -- are sending a clear signal: inflation is finally coming back
  • Credit where credit is due -- ex-President Donald Trump reoriented U.S. policy on China, writes Tom Orlik. But Trump failed to develop a coherent strategy for addressing those challenges, a job that now falls to Joe Biden’s administration
  • Myanmar declared martial law in its biggest cities following a third day of massive street protests, imposing an overnight curfew and banning all gatherings of more than five people
  • A new $100 billion government endowment fund aimed at supporting and spurring daring Japanese innovation may have a risk-aversion problem of its own
  • The China policy debate in Washington is often framed in terms of toughness and as a binary choice, writes Shawn Donnan. The more clarifying question is whether Biden and his team will be intelligent
  • The first committee votes on elements of President Joe Biden’s $1.9 trillion Covid-19 relief package are set to begin on Tuesday
  • ECB chief Christine Lagarde pledged monetary support for the economy and said governments must do the same with fiscal policy
  • Economists see Asia’s recovery moving at an uneven pace, as this chart shows
  • The world’s biggest bond market has hit another round-number milestone. The 30-year U.S. Treasury yield reached 2% for the first time since before the pandemic sent markets into a whirlwind
  • President Joe Biden’s quest to increase the minimum wage to $15 an hour might have have hit a political and procedural roadblock
  • The Biden administration made a number of key appointments at the office of the U.S. Trade Representative
  • Bloomberg Economics previews central bank meetings that include Russia, Mexico, Sweden, the Philippines, and Peru
  • Put aside the trade and technology wars. The next race for global political and economic supremacy will focus on climate

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