Asia Chart Pack Should we trust signs of life in Asian exports? (May 09) There are tentative signs from several Asian economies that exports are starting to recover. Shipments from Asia ex-Japan are still a fifth below their level of a year ago. However, the pace of... 7th May 2009 · 1 min read
Asia Chart Pack China's spending stimulus is smaller than it seems (Apr 09) On the eve of the G20 meeting, the received wisdom is that China has responded more forcefully to the global crisis than most others. The government budget has indeed turned sharply into deficit, but... 31st March 2009 · 1 min read
Asia Chart Pack Weakness spreads from exports to the domestic economy (Mar 09) Asia has already taken a big hit from the slump in exports as the global recession has deepened. But the latest data also show that, with bankruptcies rising, job losses mounting and confidence... 16th March 2009 · 1 min read
Asia Chart Pack Japan - Down but not out (Feb 09) The speed and extent of the collapse in Japanese exports should at least mean that the immediate adjustment to weaker global demand has now largely run its course. The fall-out in terms of the damage... 10th February 2009 · 1 min read
Asia Chart Pack China - Too soon to expect a rebound in China (Feb 09) A surge in bank lending in China has raised confidence that the government’s efforts to stimulate the economy are already bearing fruit. Shares prices in Shanghai have risen 22% since the start of the... 9th February 2009 · 1 min read
Asia Chart Pack Fiscal easing too late to prevent deep downturn in 2009 (Feb 09) As interest rates have fallen rapidly across much of the region, policy focus has turned towards fiscal measures to support Asia’s crumbling economies. But with most stimulus packages geared towards... 28th January 2009 · 1 min read
Asia Chart Pack China - Growth halved and heading to 5% (Jan 08) China’s economic growth rate has halved in 18 months. We estimate that GDP increased by little more than 6% y/y in the fourth quarter after 9% in the third and a peak of 12.6% in the second quarter of... 8th January 2009 · 1 min read
Asia Chart Pack Collapsing exports dragging Asia into the mire (Dec 08) The sudden collapse in exports in November confirms that Asia is heading for a dramatic slowdown in 2009. With global demand for Asian goods set to weaken further in the months ahead, we expect GDP... 24th December 2008 · 1 min read
Asia Chart Pack Japan - Deeper recession now likely in 2009 (Dec 08) Japanese households and companies have avoided the financial excesses and over-indebtedness that point to a severe and prolonged recession in the West. Japanese banks are also in relatively good shape... 4th December 2008 · 1 min read
Asia Chart Pack China - Will the stimulus come too late? (Dec 08) A run of poor data and doubts about the effectiveness of the government’s stimulus plans have prompted us to cut our 2009 GDP growth forecast for China from 8% to 7%. Admittedly, the government’s... 3rd December 2008 · 1 min read
Asia Chart Pack Asia braces for worst slowdown since 1997 crisis (Nov 08) So much for decoupling. With the world headed for its worst recession since the 1930s, even the most resilient economies in the region will slow. We now expect growth in Asia ex-Japan to slow to... 12th November 2008 · 1 min read
Asia Chart Pack China - China moves to arrest slowdown (Nov 08) Global financial market turmoil and the dollar rebound have been reflected in further equity market weakness in China and in a surge in the renminbi’s tradeweighted exchange rate. But global weakness... 28th October 2008 · 1 min read
Asia Chart Pack Japan - First to recover as global inflation shock fades (Oct 08) The Japanese economy may already be in technical recession, but we expect the downturn to be relatively short-lived and shallow. Sharp falls in inflation will boost real incomes, while Japan has... 21st October 2008 · 1 min read
Asia Chart Pack Rates have much further to fall (Oct 08) The dramatic events in global financial markets in recent weeks have increased fears about the impact on the wider economies, while the collapse of commodity prices has swiftly put to rest lingering... 13th October 2008 · 1 min read
Asia Chart Pack Asian interest rates close to peaking (Sep 08) The recent pullback in oil prices – and commodity prices more generally – has encouraged most Asian central banks (ex. China & Japan) to reorient their policy priorities back towards supporting growth... 4th September 2008 · 1 min read
Asia Chart Pack Japan - Economic downturn to be shallow and short-lived (Aug 08) Japan has been hit hard by surging food and energy prices, but has avoided the credit crunch and collapsing house prices that have undermined so many economies in the West. Indeed, the Japanese... 14th August 2008 · 1 min read
