India Data Response

Consumer Prices (Sep.) & Industrial Production (Aug.)

India’s consumer price inflation dropped further below the 6% ceiling of the RBI’s inflation target range in September, and we expect it to remain there for several more months. That’s one reason to...

12th October 2021 · 2 mins read

Japan Economics Update

Why is inflation still so low in Japan?

The continued weakness in Japan’s inflation is partly due to the recent plunge in mobile phone tariffs and the long lags between global energy prices and household utility bills. Indeed, inflation is...

12th October 2021 · 4 mins read

India Economic Outlook

Recovery enters a slower phase

Following a rapid rebound from the second virus wave, India’s economy is beginning to lose some steam. And with vaccination coverage still low, downside risks remain significant. Under these...

11th October 2021 · 20 mins read

Commodities Weekly

Energy price rally maybe running out of steam

Commodity prices generally rose this week, helped by the US senate approving a deal to increase the federal debt ceiling. After a rollercoaster of a week, European natural gas prices ended the week...

8th October 2021 · 5 mins read

China Economics Weekly

Power cuts and inflation, zero-COVID hobbling tourism

The coming week may shine a light on the global impact of China’s power shortages. There are reports of them triggering sharp falls in shipping costs. The producer price data on Thursday will show...

8th October 2021 · 6 mins read

Asia Economics Weekly

Time to worry about inflation?

The recent jump in energy prices will put upward pressure on inflation across the region, but the impact should prove short lived and is unlikely to worry policymakers.

8th October 2021 · 7 mins read

Japan Economics Weekly

Southeast Asia shortages unlikely to derail recovery

The huge fall in car sales in September suggests that shortages of parts from Southeast Asia are starting to hamper goods consumption. And while factories in important suppliers such as Vietnam and...

8th October 2021 · 5 mins read

India Economics Update

Rate hikes remain a distant prospect

The Reserve Bank kept the repo rate on hold at a record low today and stressed that its latest liquidity-withdrawal measures do not constitute policy tightening. Given our view that the recovery will...

8th October 2021 · 3 mins read

India Economics Weekly

Coal shortage could take steam out of the recovery

India is the latest major economy to be facing concerns about energy supply, fuelled by a recent drop in coal inventories. With the economy very reliant on coal for electricity generation, persistent...

8th October 2021 · 5 mins read

Japan Data Response

Japan Wages & Household Spending (Aug. 2021)

Wage growth recovered a touch further in August and it should rise higher over the coming months as the labour market tightens and vaccines allow a full recovery in overtime and bonus payments...

8th October 2021 · 2 mins read

Emerging Markets Economics Update

China’s long-term property decline: the fallout for EMs

Irrespective of how the current problems in China’s property sector are resolved, property construction there is entering a period of structural decline. Among other EMs, the main effects will be felt...

7th October 2021 · 3 mins read

Japan Economic Outlook

Conditions for strong recovery finally in place

With the Delta wave having ebbed and the majority of the population now fully vaccinated, we expect a strong rebound in domestic demand over the coming months. But the inflation concerns that hang...

7th October 2021 · 21 mins read

Commodities Chart Pack

Gas & coal surge to support other commodity prices

Natural gas and coal prices soared in September. In turn, this has raised the output costs of industrial metals, most notably those which are especially energy intensive such as aluminium and steel...

5th October 2021 · 12 mins read

China Economics Update

A property tax could make up for fewer land sales

Local governments in China are far less reliant on land sales as a source of revenue than is often claimed. While slowing real estate development will create a funding gap, it could be more than...

5th October 2021 · 5 mins read

Asia Economics Update

Vietnam: Is the worst over?

With cases of COVID-19 in Vietnam falling sharply and the government easing restrictions, factories are starting to reopen, and the latest data suggest the worst is now over for the country’s...

5th October 2021 · 2 mins read