Monday morning links
Japanese PM Suga resigned: Yoshihide Suga announced that he would resign as Japan’s prime minister to focus fully on dealing with COVID-19.
Chinese crackdown on negative news: The Chinese government has begun a two-month campaign to take action against those who “bad-mouth China’s financial markets and falsely interpret domestic policies and economic data”. This might put analysts’ credibility into question since they will be forced to lean bullish.
Beijing Stock Exchange: Xi Jinping announced plans to set up a stock exchange in Beijing to compete with those in Shanghai and Shenzhen.
Indonesian QE: Bank Indonesia is starting to monetise US$31bn worth of government debt. It remains to be seen how this will affect the US Dollar / Rupiah exchange rate.