Trump's EU Truce, China Eases Bank Rule, BOJ Bond Anger: Eco Day
(Bloomberg) -- Welcome to Thursday, Asia. Here’s news from Bloomberg Economics to help get your day started:
- Back from the brink: President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new trade tariffs, pulling the U.S. and Europe back from the edge of a transatlantic trade war
- Exclusive: Some Chinese banks have received notice from regulators that a specific capital requirement will be eased in order to support lending, as authorities try to mitigate increasing risks to the economy from the trade war
- South Korea’s economic growth met expectations in the second quarter as exports held up despite global trade frictions
- As Japanese companies struggle with a severe labor shortage, workers from lower-wage countries in Asia have been filling the gap
- What shape is Japan’s Phillips curve? If it’s L-shaped, as some researchers say, the implications are significant. Meanwhile, lenders aren’t happy with the Bank of Japan’s purchases of corporate bonds at negative rates
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