Japan Economics Update Yield Curve Control here to stay for now The Bank of Japan predicted that inflation will fall well below its 2% target in FY2025 when it kept policy settings unchanged today. And while it pledged to conduct a review into its policy measures... 28th April 2023 · 3 mins read
Australia & New Zealand Economics Weekly House prices in New Zealand will keep falling The RBNZ's proposal to ease loan-to-value ratio (LVR) restrictions is unlikely to be a panacea for New Zealand's ailing housing market. With housing still far too unaffordable for most, house prices... 28th April 2023 · 9 mins read
Japan Economics Weekly GDP to shrink across H2 External demand is holding up better than we had anticipated and we now expect a renewed rise in Q2 GDP following a modest decline in Q1. But we still expect major trading partners to enter a... 28th April 2023 · 3 mins read
Japan Data Response Activity (Mar. 23) & Tokyo CPI (Apr. 23) The end-month data rush only adds to the dilemma the Bank of Japan is facing. While labour market conditions are now easing in earnest, underlying inflation is set to surpass 4% at the national level... 28th April 2023 · 4 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Mar. 23) 28th April 2023 · 2 mins read
US Employment Report Preview Labour market conditions easing We estimate that employment growth continued to trend lower in April, with non-farm payrolls increasing by a more moderate 180,000. That would be the smallest monthly gain in more than two years, but... 27th April 2023 · 3 mins read
DM Markets Chart Pack We expect “risky” assets to fall later this year We think disappointing global growth will be a headwind for “risky” assets in developed markets during the second half of this year. 27th April 2023 · 8 mins read
US Data Response GDP (Q1 ) The disappointing 1.1% annualised rise in first-quarter GDP indicates that the economy had less forward momentum at the start of this year than previously thought. We continue to expect the drag from... 27th April 2023 · 2 mins read
US Commercial Property Data Response RICS Commercial Market Survey (Q1) The RICS Q1 survey indicated confidence fell further in the opening months of the year but remains substantially above the lows seen during the height of the pandemic. However, we expect sentiment to... 27th April 2023 · 3 mins read
Europe Economics Update Euro-zone wage growth to slow only gradually Wage growth in the euro-zone is likely to remain above the level compatible with 2% core inflation this year and only gradually return to a more sustainable level thereafter. 27th April 2023 · 4 mins read
UK Commercial Property Data Response RICS Commercial Property Market Survey (Q1) After a weak end to 2022, surveyors reported that occupier demand was essentially flat in Q1. All sectors saw an improvement and that suggests take-up will pick-up in Q2. That said, rental and capital... 27th April 2023 · 3 mins read
Japan Rapid Response Japan Labour Market (Mar. 2023) & Tokyo CPI (Apr. 2023) 27th April 2023 · 2 mins read