Japan Economics Weekly Weak activity won’t forestall BoJ tightening plans While Japan's GDP contracted for the second consecutive quarter, other data overwhelmingly point to the economy holding up rather than falling into recession. And while the third consecutive fall in... 16th February 2024 · 5 mins read
FX Markets Update Weakness in the yen looks overdone to us The rise in US bond yields has put renewed pressure on the yen, but we think further downside is limited. We still expect Treasury yields to resume their downward trend and for the yen to benefit most... 15th February 2024 · 4 mins read
Japan Economics Weekly Consumers should be feeling a little brighter in 2024 The upcoming GDP data are likely to confirm that Japanese consumers had a dismal 2023, with spending falling for most of the year. Healthy increases in nominal wages and lower inflation should put... 8th February 2024 · 5 mins read
Japan Economics Weekly End-year bonuses will signal strength of wage pressure The upcoming wage and bonus data for the end of 2023 will provide a check on the temperature of Japan’s labour market. They will show that earnings are still being outstripped by inflation. But what... 2nd February 2024 · 5 mins read
Japan Rapid Response Japan Retail Sales & Industrial Production (Dec. 23) 30th January 2024 · 2 mins read
Global Markets Update With cuts almost in sight, we still see scope for DM yields to fall We think the recent falls in long-dated government bond yields across developed market (DM) economies will extend over the remainder of this year, as central banks generally cut by more than investors... 29th January 2024 · 4 mins read
Japan Economics Weekly BoJ will probably hike in April rather than March Most of the plunge in inflation in Tokyo in January was driven by one-off factors that the Bank of Japan is stripping out from its inflation gauges. However, the underlying trend in inflation... 26th January 2024 · 6 mins read
Capital Daily Would BoJ rate hikes matter for Japan’s bond market? Although the Bank of Japan (BoJ) stood its ground at its meeting today, we still expect it to hike its policy rate before long; that, we think, could contribute to a higher 10-year JGB yield. 23rd January 2024 · 5 mins read
Japan Economics Update Policy normalisation is in sight The Bank of Japan sounds increasingly confident that it will be able to achieve its inflation target on a sustained basis. With Mr Ueda at the post-BOJ-meeting press conference again emphasising the... 23rd January 2024 · 3 mins read
Japan Economics Weekly BoJ will normalise rather than tighten policy While headline inflation will jump in February due to base effects from the launch of energy subsidies, underlying inflation will continue to moderate, with services inflation set to fall below 2%... 19th January 2024 · 7 mins read
