Asia Stocks Rise Before Jobs Data, China CPI Cools

The Daybreak Asia podcast delivers insights on markets, finance, and geopolitics, focusing on the Asia-Pacific region. Bloomberg strategist David Finnerty analyzes currency markets, noting the dollar's weakness and potential for further decline based on upcoming payroll data, while also addressing the strength of the Japanese yen and Chinese yuan. Robin Xing, Morgan Stanley’s chief China economist, discusses China's inflation, pointing out the lack of decisive reflation despite rising commodity prices due to weak domestic demand and the need for structural reforms. He also touches on the debate around VAT and fiscal policies, emphasizing the importance of shifting spending towards consumer welfare for sustainable growth.