(Bloomberg) — Welcome to Tuesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

Haruhiko Kuroda, Kristalina Georgieva, Jerome Powell, Christine Lagarde posing for the camera: ECO_DAY_2020_LARGE_LEDE_SOCIAL.jpg

© Source: Bloomberg

Yoshihide Suga’s victory in the Liberal Democratic Party’s leadership election is a clear vote for continuity. Yet, the last time a long-serving Japanese prime minister stepped down, the country saw about six leaders in quick successionThe U.S. economic recovery is wildly uneven. More than 13 million Americans are unemployed. At the same time, some are actually richer — thanks to a surging stock market and housing boomThe Federal Reserve’s push for higher inflation means crafting new tactics that convince Americans it won’t clamp down on rising pricesToyota won’t expand further in India due to the country’s high tax regime. It’s a blow for Prime Minister Narendra Modi, who’s trying to lure global companies to offset the deep economic malaise brought on by the pandemicU.K. Prime Minister Boris Johnson’s plan to renege on part of the Brexit divorce deal passed its first hurdle in Parliament, but not until after a bruising debate that saw senior members of his party denounce the moveThe U.S. updated its travel advisory on Hong Kong based on China’s national security law, strongly cautioning U.S. citizens to be “aware of their surroundings and avoid demonstrations”Morgan Stanley economists said failure by Republicans and Democrats to agree on a fresh round of U.S. fiscal stimulus would delay the recovery by six monthsCanada’s largest lenders are warning Prime Minister Justin Trudeau’s government it doesn’t have carte blanche to run massive budget deficitsThe pandemic may permanently replace some human jobs with machines, according to a new study on Monday from the Federal Reserve Bank of Philadelphia

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