China Chart Pack Housing crisis flares up again The mortgage boycotts are a double threat to developers and to the housing market. They have drawn attention to the problem of cash-strapped developers being unable to complete properties that they... 27th July 2022 · 11 mins read
Japan Economics Update Consumption to remain tepid despite fiscal transfers Real disposable household incomes will continue to be propped up until mid-2023 by fiscal transfers intended to offset the impact of virus disruption and rising inflation. But spending will continue... 27th July 2022 · 3 mins read
Asia Chart Pack Growth to slow in the second half of the year GDP figures for Korea released earlier today showed economic growth accelerated in the second quarter thanks to a strong rebound in private consumption as the economy enjoyed a reopening bounce. This... 26th July 2022 · 14 mins read
Asia Data Response Korea GDP (Q2) Korean GDP growth picked up slightly in the first quarter, but this is likely to be as good as it gets for the economy. We expect growth to slow in the second half of 2022 as rising interest rates... 26th July 2022 · 2 mins read
Metals Data Response Global Steel Production (June) Global steel production growth slowed in June as higher power costs in advanced economies contributed to lower output there. By contrast, the decline in China’s output slowed slightly. Overall, we... 22nd July 2022 · 2 mins read
India Economics Weekly Remittances to take edge off current account concerns Data released this week showed that remittances flows into India dwarfed those to elsewhere in the world last year, helping India to maintain a small current account deficit and supporting the... 22nd July 2022 · 4 mins read
China Economics Weekly Property financing strains, migrant job losses Regulators have called on banks to step up lending to developers. But with banks becoming more cautious about issuing mortgages in the face of mortgage boycotts and local governments tightening... 22nd July 2022 · 4 mins read
Japan Economics Weekly New Covid wave, more balanced inflation outlook The government so far hasn’t responded to the surge in new virus cases to a record high with any restrictions, but the slowdown in mobility suggests that consumer spending will soften regardless... 22nd July 2022 · 6 mins read
Japan Data Response Japan Flash PMIs (Jul. 2022) July’s PMIs suggest that the manufacturing sector is slowing as demand weakens, while the latest Covid-19 is starting to hit the services sector. 22nd July 2022 · 2 mins read
Japan Data Response Japan Consumer Prices (June 2022) While inflation fell slightly in June, it will remain above the BoJ’s 2% target until early-2023, while underlying inflation will approach 2%. However, the Bank won’t respond with tighter policy. 22nd July 2022 · 2 mins read
India Chart Pack Demographics to remain an important growth driver The latest population projections released by the UN this month show that India will overtake China as the world’s most populous nation in 2023 (see Chart 1), a touch earlier than previously expected... 21st July 2022 · 9 mins read
China Activity Monitor CAP: Economy on the mend but still limping Our China Activity Proxy (CAP) suggests that the economic hit from lockdowns had largely reversed in June. But infection numbers are ticking up again. And even if another large-scale virus wave is... 21st July 2022 · 3 mins read
Japan Economics Update Widening of tolerance band not off the table yet The Bank of Japan didn’t concede any ground to bond traders today but we still think there’s a good chance that it will widen the tolerance band around its 10-year yield target. 21st July 2022 · 3 mins read
Japan Data Response Japan External Trade (Jun. 2022) Japan’s trade deficit in June was the largest it has been since 2014 but the recent fall in commodity prices suggests it will narrow again before long. 21st July 2022 · 2 mins read
Asia Economic Outlook Tightening cycles to be short lived as headwinds grow Further interest rate hikes are likely across the region in the near term, and we have raised some of our year-end forecasts to reflect growing concern among the region’s policymakers about inflation... 20th July 2022 · 34 mins read
India Economics Update Five questions and answers on the near-term outlook We’ve recently received several questions from clients on how the near-term outlook for India is shaping up. This Update summarises our big picture views for the next six months or so by providing... 20th July 2022 · 4 mins read
