MNI China Daily Summary: Friday, August 2

MNI China Press Digest Aug 2: Hukou, Property, State Grid

MNI: PBOC Sets Yuan Parity Higher At 7.1376 Fri; -0.90% Y/Y

CHINA PBOC CONDUCTS CNY1.17 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1376 FRI VS 7.1323

MNI CNB WATCH: Cut Pace Slows To 25Bps, Price Pressures Remain

MNI: ITALY JUN INDUSTRIAL PRODUCTION +0.5% M/M ; -2.6% WDA Y/Y

Detailed Swiss July Data Suggests Lower Services Price Pressure

Industrial Production Rebounds Less Than Expected in June

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Opposition Puts Target On Internal Affairs Minister Terada After Yamagiwa's Resignation

JAPAN

The opposition is looking to target Minister of Internal Affairs and Communications Minoru Terada after Economic Revitalisation Minister Daishiro Yamagiwa stepped down amid criticism over his ties to the Unification Church, Mainichi reports.

  • Terada is facing accusations of violating Japan's political funds law. The accusations have been doing the rounds over the recent days, with opposition lawmakers seemingly planning to turn the spotlight on the issue.
  • Yomiuri reports that the opposition is also planning to grill the government over the appointment of Daishiro Yamagiwa as head of a government COVID-19 panel. The ousted Economic Revitalisation Minister assumed the post jut days after leaving the Cabinet under pressure from the opposition and the wider public.
  • LDP sources told Yomiuri that the nomination for Yamagiwa was decided by the LDP's Policy Research Council. It reportedly wasn't clearly communicated to senior executives, including party President Kishida and Secretary General Motegi, highlighting coordination problems within LDP leadership structures.
HomepagePolitical RiskBank of Japan (BOJ) Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepagePolitical RiskBank of Japan (BOJ) Market NewsPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

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