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Welcome to Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • China’s monetary-policy makers are making louder noises this year about a long-postponed reform of interest rates that could ultimately see the abolition of the current benchmark
  • Central banks from the U.S. to Asia are turning dovish as they increasingly fret about getting inflation to pick up in a bruised global economy
  • What’s up with Modern Monetary Theory? Here’s an overview of a once-fringe school of economic thought that’s suddenly of the moment
  • The grounding of Boeing’s 737 Max after a second crash is poised to start percolating through major U.S. economic indicators ranging from international trade to durable goods, says JPMorgan
  • Argentina’s economy sharply contracted in the fourth quarter while unemployment rose, potentially hurting President Mauricio Macri’s approval ratings as he seeks re-election later this year; Adriana Dupita says it won’t be the last decline in GDP
  • Canada just recorded its biggest influx of immigrants in more than a century

To contact the reporter on this story: Chris Bourke in Sydney at cbourke4@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Matthew Brockett

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