U.S. officials are reportedly planning to cut off some Chinese tech companies from access to U.S. banks.
China Securities Journal speculated that special local government bond issuance in 2023 may exceed CNY4.40 trln.
Japanese officials have agreed to increase corporate, tobacco, and income taxes to fund higher defense spending.
New Zealand expects to fall into recession in 2023. Reserve Bank of New Zealand Governor Orr said that he expects spending to decrease and unemployment to increase next year.
Japan’s Q4 Tankan Large Manufacturers Index 7 (expected 6; last 8) and Q4 Tankan Large Non-Manufacturers Index 19 (expected 17; last 14). Q4 Tankan All Big Industry Capex 19.2% (expected 20.4%; last 21.5%). October Core Machinery Orders 5.4% m/m (expected 2.6%; last -4.6%); 0.4% yr/yr (expected 2.6%; last 2.9%). October Industrial Production -3.2% m/m (expected -2.6%; last -1.7%)
South Korea’s November Unemployment Rate 2.9% (last 2.8%)
India’s November WPI Inflation 5.85% yr/yr (expected 6.50%; last 8.39%)
New Zealand’s Q3 Current Account -7.9% of GDP (expected -8.0% of GDP; last -7.7% of GDP)