Carney's Guidance, Putin's Firefighter, Japan Credit: Eco Day

(Bloomberg) -- Happy Friday Europe. Here’s news from Bloomberg Economics to help get your day started:

• Bank of England Governor Mark Carney said Brexit is entering a crucial phase and this means his oft-criticized guidance on monetary policy is more important than ever
• Russia’s central bank believes it’s time for the government to assume the burden of fixing what ails the economy
• Over five days, the U.S. called off a trade war with China, cast doubt over the framework of talks with Beijing, and threatened tariffs on car and truck imports to protect national security. The coming days aren’t looking much calmer
• Who loses if U.S.-China tensions dent Asia trade? Fielding Chen and Tom Orlik show how weaker Chinese exports would hit the region’s supply chain
• Japan was the world’s largest creditor nation at the end of 2017, according to documents released by the Ministry of Finance in Tokyo on Friday, with net assets of more than 328.4 trillion yen ($3 trillion)
• End of an era: these charts show how tougher credit rules, increased supply and subdued wage growth are spelling the end of Australia’s long housing boom

To contact the reporter on this story: Enda Curran in Hong Kong at ecurran8@bloomberg.net

To contact the editors responsible for this story: Malcolm Scott at mscott23@bloomberg.net, Brett Miller

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