Australia & New Zealand Rapid Response Australia Labour Market (Sep. 22) 20th October 2022 · 2 mins read
Japan Data Response Japan External Trade (Sep. 22) The trade deficit narrowed from its record high in August, but with the yen weakening significantly in recent days, any further narrowing of the deficit will likely be delayed. 20th October 2022 · 2 mins read
Capital Daily We think valuation will prove a tailwind for the yen before long The yen’s latest weakness has pushed its valuation well below our estimates of “fair value”, which suggests to us it is likely to strengthen substantially over the medium term. We are resending this... 18th October 2022 · 5 mins read
China Economics Update Xi wants a more self-sufficient and socialist China General Secretary Xi’s Report to the Party Congress signalled a further shift away from market-based reforms in favour of a state-led campaign to increase self-sufficiency and economic security... 17th October 2022 · 6 mins read
Japan Chart Pack Another intervention wouldn’t reverse yen weakness With the yen currently trading just below 149, it now appears to be a question of when and not if policymakers step in again. But as recent weeks and the Asian Financial Crisis have shown, such... 17th October 2022 · 11 mins read
Japan Economics Update Weak yen will lift underlying inflation above 2% With the yen approaching 150 against the dollar, we now expect underlying inflation to climb to 2.5% by early-2023 instead of our previous forecast of 2.0%. But as this will happen when the global... 17th October 2022 · 4 mins read
Global Markets Update We think EM Asian equities may drop further We think benchmark equity indices in Taiwan, Korea and India will fall a bit further over the remainder of this year and into 2023, as the global economy slips into a recession. 14th October 2022 · 4 mins read
Japan Economics Weekly MoF winding up for another intervention The yen weakened below its 1998 trough today, with no explicit intervention in response from the Ministry of Finance. That doesn't mean it won't step in again, but it appears to be more concerned... 14th October 2022 · 6 mins read
China Economics Weekly The reshuffle of Xi’s economic team The Party Congress begins on Sunday. There’s little doubt that it will mark the start of a third term in power for Xi Jinping. What’s less clear is whether retirement norms will still apply to other... 14th October 2022 · 10 mins read
India Economics Weekly A bigger slice of Apple pie Apple’s decision to shift some of its manufacturing into India – and out of China – is an example of how the global economy is “fracturing” into US- and China-aligned blocs: the topic of our 2022... 14th October 2022 · 4 mins read
China Data Response Consumer & Producer Prices (Sep.) Consumer price inflation rose to a 29-month high in September and is now scraping up against the government’s preferred ceiling of 3%. But this was due to a rise in food inflation that is likely to... 14th October 2022 · 3 mins read
Asia Economics Update MAS tightens despite bleak growth outlook The Monetary Authority of Singapore (MAS) tightened policy today, in an attempt to contain elevated price pressures, but with inflation likely to fall in the coming quarters and the economy set to... 14th October 2022 · 3 mins read
China Economics Update Zero-COVID is here to stay There is no prospect of China lifting its zero-COVID policy in the near future and it probably won’t happen before the end of 2023. If the leadership did want to transition to living with the virus... 13th October 2022 · 6 mins read
