· Japanese cabinet approve JPY13.5 trillion in fiscal measures, with JPY7.5 trillion in spending by national and local governments

Good Afternoon,

Highlights of the week:-

·         Japanese cabinet approve JPY13.5 trillion in fiscal measures, with JPY7.5 trillion in spending by national and local governments ·         BoE cuts interest rate by 25 basis points to 0.25%,  and makes clear that a further reduction towards zero by the end of the year is  likely ·         The impact of Malaysia’s manufacturing PMI reading which remains in the contraction mode since April 2015 is seemingly to be transitory in nature ·         Yields of local govvies see strong upward pressure across the board