Japan Rapid Response

Japan External Trade (May 2024)

Trade volumes were little changed in May which suggests that net trade provided a small drag on GDP growth this quarter.

19th June 2024 · 1 min read

Capital Daily

Depth of rate cuts matters more for markets than timing

Although the Reserve Bank of Australia – which left policy on hold today – looks set to be the last developed market central bank to join the easing cycle now underway among developed economies, we...

18th June 2024 · 4 mins read

China Economics Focus

What to expect at the Third Plenum

The Third Plenum may conclude with a pledge of comprehensive reform in areas spanning the private sector, manufacturing, innovation, social security, economic management and more. That may excite hope...

18th June 2024 · 13 mins read

Japan Chart Pack

Japan Chart Pack (Jun. 2024)

Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. While the economy has only narrowly avoided a recession, activity should rebound over coming...

18th June 2024 · 1 min read

Australia & New Zealand Economics Update

RBA will only cut rates next year

The RBA discussed another rate hike at today’s meeting and an upside surprise to Q2 inflation could force its hand at its August meeting. However, with capacity constraints easing and government...

18th June 2024 · 3 mins read

Asia Economics Focus

Korea: growth to slow, inflation to fall, rates to be cut

Korea’s economy rebounded strongly last quarter but there are already signs it is losing momentum, and we expect growth to struggle over the coming year. Export growth is likely to ease a little, but...

18th June 2024 · 10 mins read

Australia & New Zealand Rapid Response

Reserve Bank of Australia Meeting (June 2024)

18th June 2024 · 2 mins read

China Rapid Response

China Activity & Spending (May 2024)

May’s activity data were a mixed bag with an uptick in retail sales and slowdown in industrial production partially reversing the recent trend of strength on the supply side and weaker demand.

17th June 2024 · 2 mins read

China Rapid Response

Bank Lending & Broad Credit (May)

Bank loan growth in China was the slowest on record in May, but accelerated government bond issuance helped broader credit growth edge up. Fiscal loosening should support further gains in the near...

14th June 2024 · 2 mins read

Asia Economics Weekly

Malaysia subsidy cuts, BoK minutes, Pakistan budget

Headline inflation in Malaysia has been among the lowest in Asia but that is soon set to change now that the government is pushing ahead with long-planned subsidy cuts aimed at improving the public...

14th June 2024 · 6 mins read

China Economics Weekly

Europe leaves the road open for China’s EV-makers

China protested the European Commission’s imposition of additional tariffs on Chinese-made electric vehicles this week but, if the EU goes no further, China’s government is likely to see this as a...

14th June 2024 · 6 mins read

India Economics Weekly

New government, same faces

The minimal personnel changes in PM Modi’s new cabinet suggests the new government’s policy direction will be similar to before. Admittedly, concessions on spending may have to be made to appease the...

14th June 2024 · 3 mins read

Japan Economics Update

Bank will hike its policy rate once more in July

The Bank of Japan disappointed markets today by announcing that it will only present a detailed plan for reducing its bond purchases at its July meeting. We think it will also deliver a final policy...

14th June 2024 · 3 mins read

Japan Economics Weekly

Higher bond yields won’t prompt massive repatriation

While 10-year JGB yields have fallen well below 1% as the BoJ today delayed the announcement of tapering plans to its July meeting, they are still around a decade-high. The ability of Japanese...

14th June 2024 · 5 mins read

Australia & New Zealand Economics Weekly

RBA will look past impact of energy rebates

This week the Queensland government followed in the footsteps of the Western Australian government and the Commonwealth by announcing significantly more generous energy subsidies for households. With...

14th June 2024 · 5 mins read