A video discussing Trump 2.0, Plaza and the outlook for East Asian economies.

Falling rates and a weakening CNY are causing concern, but I don't think they should be. If CNY weakening was pushing up onshore rates, that would be different. But $CNY rising while rates fall suggests a loosening. That doesn't ensure an economic turnaround, but it is better than a tightening.

A summary of what happened on East Asia Econ last week, and what to look for in the next seven days.

A summary of what happened on East Asia Econ last week, and what to look for in the next seven days.

A summary of what happened on East Asia Econ last week, and what to look for in the next seven days. Highlights

Today's PMI round points to a modest rebound in activity and exports in November, but not by enough to think the manufacturing cycle is really regaining momentum. Price pressures also feel subdued, though in this Japan is an exception, with "intensified" output price inflation in November.

A summary of what happened on East Asia Econ last week, and what to look for in the next seven days.

Beijing will be very wary of all the talk of a Plaza II agreement. Plaza I is widely seen as a successful effort to stop Japan's economic rise. That imbalances have nonetheless persisted suggests US macro policy has a role to play, but why would US promises to get fiscal under control be credible?

A summary of what happened on East Asia Econ last week, and what to look for in the next seven days.