Japan airlines operate across China's "air identification zone" without incident; Germany forges "grand coalition" with center-left SPD
Observations/Insights
Japan Airlines and All Nippon Airways flew across the China-declared "air identification zone" without a hitch; Japan and US foreign ministers vowed tight cooperation following China announcement, while the US Air Force had also reportedly flew its B-52s over the East China Sea.
Euro rose to 1-month high against USD and 4-year high vs JPY amid reports German Chancellor Merkel's CSU/CDU finally reached a deal with the center-left SPD to form a grand coalition. Earlier in the day, reports affirmed earlier speculation that the ruling parties will no longer oppose minimum wage reform in Germany.
Several large cities in China announce regulators are raising downpayment requirements to purchase a 2nd home to as high as 70%.
Australia low-rate policy reflected in another improvement in the quarterly housing affordability survey.
BOJ board member Shirai - one of the dissenters profiled in yesterday's release of BOJ policy meeting minutes - reiterated some further focus must be given to downside risks on inflation and economic objectives
Observations/Insights
Japan Airlines and All Nippon Airways flew across the China-declared "air identification zone" without a hitch; Japan and US foreign ministers vowed tight cooperation following China announcement, while the US Air Force had also reportedly flew its B-52s over the East China Sea.
Euro rose to 1-month high against USD and 4-year high vs JPY amid reports German Chancellor Merkel's CSU/CDU finally reached a deal with the center-left SPD to form a grand coalition. Earlier in the day, reports affirmed earlier speculation that the ruling parties will no longer oppose minimum wage reform in Germany.
Several large cities in China announce regulators are raising downpayment requirements to purchase a 2nd home to as high as 70%.
Australia low-rate policy reflected in another improvement in the quarterly housing affordability survey.
BOJ board member Shirai - one of the dissenters profiled in yesterday's release of BOJ policy meeting minutes - reiterated some further focus must be given to downside risks on inflation and economic objectives
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