$3 Trillion Recovery, Japan Stimulus, Factory Sleepover: Eco Day

(Bloomberg) -- Welcome to Wednesday, Asia. Here's the latest news and analysis from Bloomberg Economics to help you start the day:

A $3 trillion increase in global gross domestic product expected in the second half of 2021 will test “transitory” inflation view, writes, Bloomberg Economics' Tom Orlik
Japanese Prime Minister Yoshihide Suga is likely to unveil another economic stimulus package worth at least $180 billion within the next few months. Meantime, the BOJ will likely consider raising its inflation forecast when it updates its quarterly economic outlook
As Vietnam battles resurgent Covid-19, it's going to extraordinary lengths to protect its reputation in the global tech supply chain — with workers sleeping on factory floors to minimize disruption
China's President Xi Jinping warned against politicizing the pandemic in a speech to political organizations from around the world that sought to show the ruling communist party's broad foreign support
The U.S. is pressing Europe to reconsider plans for a new digital tax across the bloc in a dispute that threatens to undermine significant progress made recently toward a global corporate-tax agreement
China's top economic planning body has been put in charge of devising a plan to cut the nation's greenhouse gas emissions
Australia's government reappointed Reserve Bank No. 2 Guy Debelle for another five-year term, setting him up to succeed Governor Philip Lowe when he eventually retires from the top role
In a risk scenario, the breakdown in OPEC+ talks could widen the oil supply deficit, sending prices up to $90 a barrel, writes Bloomberg Economics' Maeva Cousin
Russia completed its plan to eliminate dollar holdings in its wealth fund as part of efforts to reduce vulnerability to U.S. sanctions.
Japan and the U.S. would have to defend Taiwan together in the event of a major problem, Deputy Prime Minister Taro Aso said