(Bloomberg) -- Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:
- It’s been the most radical cash injection in history -- a staggering $3.5 trillion pumped into Japan’s economy over more than five years. But for ordinary Japanese, little has changed
- Xi Jinping is expected to use a speech in Beijing to argue that the four-decade-old reform process which transformed China’s economy is continuing, at a time when increasing state control and confrontation with the U.S. fuels skepticism
- President Donald Trump slammed the Federal Reserve on the eve of a pivotal policy meeting for “even considering” another interest-rate hike; his hectoring aside, it’s exceedingly rare that the central bank raises rates when stocks are behaving this badly
- White House trade adviser Peter Navarro echoed his boss’s criticism of the Fed, arguing the central bank wouldn’t be justified in raising rates just to demonstrate its independence from political pressure
- Facing cash flow problems just months before a national election, India’s Prime Minister Narendra Modi could find a savior in the country’s new central bank chief
- Sentiment among U.S. homebuilders fell in December to the lowest level since 2015, missing all forecasts and signaling that the industry’s struggles are intensifying