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Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend:
Central banks can’t be at the forefront of the fight against climate change but they can help, outgoing ECB member Benoit Coeure said. Meantime, Bundesbank chief Jens Weidmann rejected calls for the ECB to include environmental goals in its QE programJapan looks set to re-embrace the power of public spending with one of its biggest ever stimulus packagesThe bad news is getting worse for India’s economy and Prime Minister Narendra Modi is exhausting all options to stem the falloutWhat does the business of flashy superyachts for the megarich have to do with the health of the U.S. economy? Listen to the Stephanomics Podcast to find outECB policy makers expect to tweak their inflation target in an upcoming strategy review but will struggle to go much furtherCanada’s economy is shifting into a lower gear as some of the country’s growth drivers begin to lose steamThe Bank of Israel has considered tools, including negative rates, to halt the shekel’s appreciation and avert a slowdownThe U.S. has moved a step closer to gaining greater access to the EU beef market, writes Jonathan Stearns in Terms of TradeMeantime, more than a year into the trade war, U.S. and China negotiators are still working toward a deal. Here’s a timeline of events since MayChile’s central bank announced it was intervening in the currency market after the peso fell to a record low for a second day China is making a habit of issuing vague retaliation threats. So far, however, it hasn’t actually done much. Meantime, when a suspected Chinese spy was extradited last year, the U.S. praised the “significant assistance” given by authorities in Belgium
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