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CHINA PBOC CONDUCTS CNY358.05 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1270 FRI VS 7.1321

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MNI JAPAN JULY TOKYO CORE CPI +2.2% Y/Y; JUNE +2.1%

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China has made significant progress.....>

CHINA PRESS
CHINA PRESS: China has made significant progress so far this year in limiting
local government debt, the Securities Times reported Thursday. Issuance of local
government bonds fell 24.3% in September compared with August, to CNY356
billion. In the first three quarters of the year, issuance was fell to CNY3.53
trillion, down 30.5% compared to the same period last year, the newspaper said.
The success was because of tighter regulation by the Ministry of Finance, the
newspaper argued. Also helping was a big decrease in outstanding debt because of
debt swaps, and the increased cost of bond issuance. (Securities Times)
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