Japan Economics Update Bank will end negative interest rates in early-2024 The Bank of Japan today de facto abolished Yield Curve Control and we think policymakers will call time on negative interest rates as soon as January. 31st October 2023 · 4 mins read
RBA Watch RBA will hit the brakes once more With inflation surprising on the upside in Q3, we expect the RBA to lift rates by 25bp at its meeting next week. However, we suspect that the next rate hike will be the last one in the current cycle... 31st October 2023 · 8 mins read
China Rapid Response PMIs (Oct.) The PMI surveys were unexpectedly weak across the board, with the composite measure falling to its lowest in eight years outside of COVID lockdowns. If this slowdown is confirmed by the hard data then... 31st October 2023 · 4 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Sep. 23) 30th October 2023 · 2 mins read
China Chart Pack China Chart Pack (Oct. 2023) China’s economy is regaining some momentum after stalling during the summer. A step up in policy support looks set to deliver a modest cyclical recovery but trend growth remains under pressure. 30th October 2023 · 1 min read
China Economics Update Foreign investment in China still going strong Foreign direct investment into China, as measured by the balance of payments data, has collapsed. It is tempting to pin this on global fragmentation or a loss of confidence in China’s economic... 30th October 2023 · 5 mins read
China Economics Weekly Larger deficit comes with a catch Tighter oversight of off-budget fiscal activity has resulted in the first net fall in bond issuance by local government financing vehicles and policy banks in over two decades. That’s one reason why... 27th October 2023 · 7 mins read
India Economics Weekly India’s manufacturing ambitions constrained by energy India’s government is pushing ahead with efforts to make the country a key link in global manufacturing supply chains. But the increasing strain that the power network has come under over the past... 27th October 2023 · 4 mins read
Asia Economics Weekly Taiwan’s economy slowing, MAS to ease policy in April The economic landscape in Taiwan is shifting. Domestic demand is now cooling but exports have rebounded. Looking ahead though, renewed weakness in exports appears likely and we expect below trend... 27th October 2023 · 8 mins read
Japan Economics Weekly BoJ will probably leave yield cap unchanged for now Media reports suggest that the Bank of Japan may tweak Yield Curve Control yet again at next week’s meeting, but we aren’t convinced the Bank will lift the 10-year yield cap just three months after... 27th October 2023 · 7 mins read
Australia & New Zealand Economics Weekly Stakes rise for RBA’s November policy decision With inflation surprising on the upside and the labour market running out of spare capacity, the case for the RBA to tighten policy has never been more compelling. Although RBA Governor Michele... 27th October 2023 · 8 mins read
