Asia Data Response Manufacturing PMIs, Korea Trade and Inflation (Apr.) A simple average of manufacturing PMIs in Emerging Asia rose slightly in April but this was almost entirely driven by a large jump in Thailand’s headline index to a record high. Weak global demand and... 2nd May 2023 · 3 mins read
Australia & New Zealand Data Response Australia CoreLogic House Prices (Apr.) The ongoing rebound in house prices is living on borrowed time. With affordability extremely stretched and the economy poised for a sharp downturn, we’re sticking to our forecast that house prices... 2nd May 2023 · 5 mins read
Capital Daily YCC set to survive for a while yet: what next for JGBs and the yen With Yield Curve Control set to stay in place at least for the rest of this year, we now expect the yield of 10-year JGBs to settle close to the 50bp tolerance band ceiling. But given we predict... 28th April 2023 · 8 mins read
Asia Economics Weekly Auto rebound unlikely to last, new currency forecasts Automotive production across Asia, which was badly hit during the pandemic by a shortage of semiconductor components, is now rebounding rapidly as this constraint unwinds. This is providing a boost to... 28th April 2023 · 8 mins read
China Economics Weekly Next in the spotlight: local government debt Investors sometimes talk about a ball of speculative money that rolls around China’s asset markets. There’s a ball of worry too, and it is rolling back into local government debt. The immediate... 28th April 2023 · 8 mins read
India Data Response Core Infrastructure Industries (Mar.) Growth in India’s core infrastructure industries slowed in March, indicating that some of the resilience in the industrial sector at the start of the year may be fading. Domestic and external... 28th April 2023 · 2 mins read
Asia Data Response Taiwan GDP (Q1) Taiwan’s GDP contracted sharply in the first quarter of the year, as a slump in exports put the economy into a technical recession. We think the economy will struggle over the coming quarters as weak... 28th April 2023 · 3 mins read
India Economics Weekly RBI will continue providing support to rupee The rupee has held up well so far this year and, while we think renewed weakening is likely over the coming months as the US dollar rebounds, the recent improvement in the external position, ample FX... 28th April 2023 · 4 mins read
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
