There was more speculation that the Chinese government will announce additional measures aimed at boosting the property sector.
Japan’s Finance Minister Suzuki said that defense spending will need to reach JPY4 trln per annum.
China’s Premier Li acknowledged the rising risk of a global recession, but also said that the Chinese economy is in stable state after reversing a decline in Q3.
China’s November CPI -0.2% m/m, as expected (last 0.1%); 1.6% yr/yr, as expected (last 2.1%). November PPI -1.3% yr/yr (expected -1.4%; last -1.3%)
South Korea’s October Current Account surplus $880 mln (last surplus of $1.58 bln)
New Zealand’s November Electronic Card Retail Sales 0.3% m/m (last 1.0%); 7.1% yr/yr (last 16.6%). Q3 Manufacturing Sales Volume 3.1% qtr/qtr (last -4.9%)