Trusting China, EM Easing, Philippine Volcano Eruption: Eco Day

(Bloomberg) -- Welcome to Monday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your week started:

• After three years of tweets and tariffs, President Donald Trump has arrived at his China moment. But Trump still faces the same China conundrum that has plagued his predecessors: Beijing’s failure to follow through on agreements
• Emerging market central banks are poised to begin 2020 by loosening monetary policy again, potentially shoring up the world economy as developed nations run out of room to act
• It’s peak tourist season in the Philippines, and the volcano erupting just 40 miles from Manila couldn’t come at a worse time
• At first glance, things seem to be getting better for Japanese women. But a deeper look suggests the poverty rate for older women will more than double over the next 40 years, to 25%
• Troubles at aircraft maker Boeing Co. could trim about half a point from U.S. GDP in 2020 but economic growth should still come in at about 2.5%, said Treasury Secretary Steven Mnuchin
• Rising oil prices add a new risk to already surging inflation in India, clouding the outlook for monetary policy
• Bank of England policy makers considering whether the U.K. needs further stimulus will get a deluge of data in coming days. Meantime, Gertjan Vlieghe said he will vote for a rate cut this month if there are no signs of the economy improving, the Financial Times reported
• Here’s a wrap of what’s going on in the world economy this week
• U.S. nonfarm payrolls fell short of expectations, but the overall tone of the jobs report suggests that the economy is merely slowing, not stalling, writes Bloomberg’s Carl Riccadonna
• Xi Jinping’s goal of bringing Taiwan under his control moved further out of his grasp as the island re-elected a president who has vowed to defend its sovereignty

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editors responsible for this story: Paul Jackson at pjackson53@bloomberg.net, Alexandra Veroude

©2020 Bloomberg L.P.