(Bloomberg) -- Welcome to Wednesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • Asia’s stabilizing financial markets are allowing its central banks to exhale as currencies find their feet and investor money returns
  • Fed policy makers will signal willingness to provide support as necessary, says Yelena Shulyatyeva. This will likely focus on how to tailor existing lending facilities to fit firms of different sizes
  • Financial risks to China’s economy are manageable at current levels, based on a range of market indicators, says David Qu
  • Hundreds of protesters converged on Hong Kong’s city center, defying police warnings to mark the one-year anniversary of the first major march against since-scrapped legislation allowing extradition to China
  • South Korea’s jobless rate jumped to a 10-year high in May as businesses continued to reel from the coronavirus pandemic. Meantime, here are its lessons for a world emerging from lockdown
  • A majority of economists expect the Bank of Japan to leave its main policy tools untouched next week as it pauses to assess the steps already taken to shield the economy from the coronavirus
  • Indonesia’s move to gradually ease social distancing rules amid a record surge in coronavirus infections is to ensure an early recovery in the Southeast Asia’s largest economy
  • The coronavirus pandemic and a wave of social unrest across the country have put a spotlight on the deep inequality between black and white America. A shift in focus at the U.S. central bank is, too
  • The virus is pushing nations to solve a growing global food problem
  • India’s capital of 16 million people is set to be the latest city overwhelmed by Covid-19, and the worst may be yet to come

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