TODAY’S TOP ARTICLES – 02 OCT 2014

Japan: Household Confidence Falls, Casting Doubts on Abenomics
Amid rising cost of living and falling earning, more Japanese feel worse of than three months ago, according to a Central Bank survey. Household confidence dropped at the fastest pace in three years in September. This casts doubts on the effectiveness of Abe’s program to revive economic growth. (Source: Reuters)

Argentina: Argentina Central Bank Chief Quits
Argentina’s central bank chief resigned on Wednesday after a long tussle with the economy minister and was replaced with a regulator seen as sympathetic to the government. (Source: Reuters)

China: China to Impose Quota on Local Government Debt Amid Risks
China announced plans to cap the amount of debt local governments can take on and ban them from additional borrowing through financing vehicles as authorities step up efforts to control risks to the financial system. (Source: Bloomberg)

Malaysia: Malaysia Raises Fuel Prices as Najib Seeks to Narrow Deficit
Malaysia raised fuel prices for the first time in over a year, as Prime Minister Najib Razak wants to narrow the budget deficit. However, the government said that it will still spend more than 21 billion ringgit this year on fuel subsidies. (Source: Bloomberg)

Hong Kong: China Hardens Stance as Protests Continue
While Hong Kong’s students continue to demand greater freedom from China, Beijing hardened its line on pro-democracy protests. China has promised Hong Kong universal suffrage for the 2017 election, reflecting the greater freedoms the region enjoys under the “one country, two systems” framework. (Source: The Guardian)

For the latest economic indicators from around the world, please visit us at Focus-Economics.com.

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