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

  • Treasury Secretary Janet Yellen will decline to name China as a currency manipulator in her first semiannual foreign-exchange report
  • No economic question is being debated more hotly than whether the U.S. will see a sharp rise in inflation. But the answer ahead is simple: Yes. Boston Fed chief Eric Rosengren said policy makers should be “pretty humble” about their confidence levels on inflation
  • Asia stands to benefit from an acceleration in a U.S. economy turbocharged by pent-up demand and stimulus. Chang Shu looks at the likely scale of the impact on the export-oriented region
  • Angela Merkel’s succession took a dramatic turn as her conservative alliance split its recommendations for the bloc’s chancellor candidate
  • St. Louis Fed chief James Bullard said getting three-quarters of Americans vaccinated would be a signal the Covid crisis was ending
  • Singapore’s central bank is widely expected to keep policy settings unchanged amid an economic recovery and strong fiscal support
  • The Biden administration is stepping up scrutiny of China’s plans for a digital yuan, with some officials concerned the move could kick off a long-term bid to topple the dollar
  • The U.S. federal budget deficit more than doubled to a record $1.7 trillion in the first half of the fiscal year
  • Myanmar is spiraling into crisis with warnings that the economy could contract by up to 20%
  • Two of the most powerful money managers are joining up to build a business on climate-change investing and raise one of the largest venture-capital funds dedicated to carbon-cutting technologies

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Odessa Bañaga

By Odessa Bañaga

Silliman University – Dumaguete A Christian university that instills a level of social consciousness and justice within its teachings. The university’s mission is geared towards total human development for the well-being of society. There are undergraduate, graduate, post-graduate and certificate programs available.