Japan Economics Update CRE downturn could deepen looming recession The turmoil in the US banking system is likely to set off the worst decline in Japan’s commercial real estate prices since the Global Financial Crisis by prompting foreign investors to stop buying... 27th April 2023 · 4 mins read
Asia Chart Pack Which central bank will be the next to cut? Vietnam became the first country in the region to start loosening policy when it lowered its refinancing rate at the end of March. We don’t think it will be long before other central banks in Asia... 26th April 2023 · 16 mins read
RBA Watch RBA to deliver final 25bp rate hike next week While inflation is moderating a touch faster than the RBA had anticipated, the continued acceleration in services inflation will probably prompt the RBA to deliver a final 25bp rate hike next week... 26th April 2023 · 8 mins read
Australia & New Zealand Data Response Australia Consumer Prices (Q1 2023) Asia Drop-In (28 th April): Join our special briefing on the BOJ April decision, Kazuo Ueda’s debut, and the fate of YCC. Register now. While inflation is moderating slightly faster than the RBA had... 26th April 2023 · 2 mins read
China Activity Monitor CAP: Q1 surge will push 2023 growth over 8% Our China Activity Proxy (CAP) shows that the economy bounced back rapidly in Q1, with growth since the start of the pandemic now broadly back in line with the official GDP data. And while the... 26th April 2023 · 4 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q1 2023) 26th April 2023 · 2 mins read
Asia Data Response Korea GDP (Q1) GDP in Korea rose slightly during the first quarter of the year but we think the economy faces a difficult year ahead as high interest rates and weak external demand weigh on output. 25th April 2023 · 3 mins read
Asia Economics Weekly Is the rebound in China boosting growth elsewhere? Despite China’s strong economic recovery last quarter, goods exports to the country from elsewhere in Asia fell in Q1. A big part of the reason is that China’s rebound was driven by just three sectors... 21st April 2023 · 7 mins read
India Economics Weekly Tight-lipped MPC won’t need to resume rate hikes The minutes of the MPC's April meeting - in which the repo rate was kept on hold at 6.50% - show that the majority of the panel is willing to resume policy tightening should the data warrant it. But... 21st April 2023 · 3 mins read
Bank of Japan Watch Ueda will ditch Yield Curve Control at his first meeting Governor Kazuo Ueda faces a difficult choice as inflation has risen faster than the Bank had anticipated but economic activity is much weaker than the Bank had thought. While the risks are tilted... 21st April 2023 · 10 mins read
Japan Economics Weekly We still expect Ueda to spring a surprise next week Press reports suggest that the Bank of Japan will predict inflation of 2% two years ahead at next week's meeting, which would suggest that the Bank is closer than ever to meeting its inflation target... 21st April 2023 · 8 mins read
Australia & New Zealand Economics Weekly More trouble brewing down under Things will get worse before they get better for the Antipodean economies. House prices in New Zealand have plummeted by 18% from their January 2022 peak. And with affordability extremely stretched... 21st April 2023 · 5 mins read
China Economics Weekly Takeaways from the detailed Q1 GDP breakdown The Q1 GDP figures left little doubt that China's economy is rebounding more quickly than most had anticipated. The detailed sectoral breakdown published a day later received less attention but... 21st April 2023 · 4 mins read
Japan Data Response Japan Flash PMIs (Apr. 2023) April’s flash PMIs point to further upside risks to our GDP forecasts, indicating a broad improvement in both domestic and external demand. That suggests the exports downturn may be short-lived... 21st April 2023 · 2 mins read
Japan Data Response Japan Consumer Prices (Mar. 2023) Underlying inflation saw a sizeable increase in March, while headline inflation inched down thanks to falling energy prices. A stronger yen and falling import price inflation should still see... 21st April 2023 · 2 mins read
