Japan Economics Update Why are US import prices from Japan rising? Rising car prices explain why US import prices from Japan haven’t fallen despite the sharp weakening of the yen. While growth in car prices has slowed as supply shortages have unwound, this hasn’t... 10th June 2024 · 2 mins read
Europe Economics Focus EU to move cautiously on China de-risking In the coming years, we expect Europe to raise barriers to trade and investment with China but to do so in a targeted and gradual manner. If so, there would be big implications for some sectors... 7th June 2024 · 17 mins read
China Economics Weekly Still struggling to curb dependence on China Today’s trade data underscore again the extent to which global demand is supporting China’s economy, and how little impact the trade restrictions of recent years have had. China’s export volumes have... 7th June 2024 · 6 mins read
India Economics Weekly Dust settling on election, MPC pendulum swinging Indian equities have ended an extraordinary week higher than where they began, which we think partly reflects the fact that investors have realised that a coalition government is not a terminal blow... 7th June 2024 · 4 mins read
Asia Economics Weekly BoT to cut rates, inflation falling in Korea, Modi 3.0 A weak economy, low inflation and a strengthening currency mean the conditions are in place for the Bank of Thailand to begin loosening monetary policy at its meeting on Wednesday. Meanwhile... 7th June 2024 · 7 mins read
India Economics Update RBI still on course for August rate cut The RBI kept the repo rate on hold at 6.50% today as expected but, notably, two of out of the six MPC members voted for a cut. With inflation likely to continue falling over the coming months, we... 7th June 2024 · 3 mins read
India Rapid Response RBI Policy Announcement (June 2024) The RBI kept the repo rate on hold at 6.50% today as expected but, notably, two of out of the six MPC members voted for a cut. With inflation likely to continue falling over the coming months, we... 7th June 2024 · 2 mins read
Japan Economics Weekly Virtuous cycle will go into reverse next year The jump in wage growth in April provides tentative evidence that the strong pay results agreed in this year's spring wage negotiations are starting to filter through and we expect regular earnings... 7th June 2024 · 3 mins read
China Rapid Response China Merchandise Trade (May 2024) Export values rose y/y at the fastest pace since April 2023, with export volumes also picking up. We think exports will remain strong in the coming months, defying the expansion of Western tariffs... 7th June 2024 · 2 mins read
Australia & New Zealand Economics Weekly National accounts on balance dovish The upward revisions to consumption mean that household spending has more momentum than previously thought and raise the risk that households will spend most of the income tax cuts due on 1 st July... 7th June 2024 · 4 mins read
Global Economics Update Why are shipping costs surging again? Container shipping costs have rebounded in the past month amid a pick-up in demand for goods from China and a possible front-loading of festive orders due to concerns about future shipping disruptions... 6th June 2024 · 5 mins read
Asset Allocation Update The implications of Modi 3.0 for India’s equity market India’s election result isn’t, in our view, reason to turn downbeat on the country’s equity market, its wobbles earlier this week notwithstanding. But with a very positive story seemingly still priced... 6th June 2024 · 4 mins read
Bank of Japan Watch Window for policy tightening starting to close While there’s a chance that the Bank of Japan may reduce its bond purchases at the upcoming meeting, we think it will wait until its July meeting before making that announcement. We also expect the... 6th June 2024 · 8 mins read
India Economics Update What Modi 3.0 means for India's economy Narendra Modi will begin his third term as India’s Prime Minister with a weakened mandate and that will make the passage of contentious economic reforms more difficult. But he will still be able to... 4th June 2024 · 3 mins read
