Japan Economics Weekly Autos continuing to drive export strength Japan’s auto exports have surged this year, with volumes back at pre-pandemic levels. Its tourism sector has been doing well too as visitor numbers have returned to where they were in 2019. That... 17th November 2023 · 4 mins read
Asia Economics Weekly BI on hold, Taiwan opposition parties unite The recent recovery in the rupiah means Bank Indonesia is unlikely to follow through with another rate hike at its scheduled meeting on Thursday. Meanwhile, the chances of an opposition victory in... 17th November 2023 · 8 mins read
China Economics Weekly State taking a bigger role in homebuilding Local governments are stepping up the construction of public housing, providing a partial offset to the downturn in developer homebuilding. One consequence is that the privatization of China’s housing... 17th November 2023 · 5 mins read
India Economics Weekly Trade deficit balloons, RBI cracks the whip The goods trade deficit soared to a record high in October and, though it is likely to moderate over the coming months, the overall current account deficit will probably come in a bit wider than we... 17th November 2023 · 3 mins read
Asia Economics Malaysia: strong growth unlikely to last GDP figures for Malaysia published today confirmed that the economy rebounded strongly in the third quarter of the year. However, with interest rates set to remain elevated and exports likely to... 17th November 2023 · 2 mins read
Australia & New Zealand Chart Pack Australia & New Zealand Chart Pack (Nov. 2023) Our Australia and New Zealand Chart Pack has been updated with the latest data and our analysis of recent developments. We believe that central banks in both Australia and New Zealand are done... 17th November 2023 · 1 min read
Australia & New Zealand Economics Weekly Labour market to loosen, infrastructure outlays to ease Data released this week showed that Australia's labour market remained tight in October, while wage growth accelerated to a 14-year high in Q3. However, with leading indicators suggesting that the... 17th November 2023 · 3 mins read
Capital Daily The prospects for the “China risk premium” A thawing in China/US tensions could, in our view, help “risky” assets in China for a while by reducing the “China risk premium” that seems to have emerged. But we doubt it would fully reverse the... 16th November 2023 · 4 mins read
Australia & New Zealand Rapid Response Australia Labour Market (Oct. 2023) Although jobs growth gained momentum in October, a renewed uptick in the unemployment rate should ensure that the RBA doesn’t feel the need to tighten policy any further. 16th November 2023 · 2 mins read
China Rapid Response Activity & Spending (Oct.) Retail sales and industrial output remained resilient at the start of Q4. Fixed investment is still fairly subdued while tentative signs of improvement in the property sector appears to have fizzled... 15th November 2023 · 4 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q3 2023) Notwithstanding the acceleration in wage growth last quarter, we doubt that the Reserve Bank of Australia will tighten policy any further. 15th November 2023 · 3 mins read
India Rapid Response Consumer Prices (Oct.) Headline consumer price inflation edged down to a four-month low of 4.9% y/y in October, but that’s already old news given the renewed surge in vegetable prices so far in November. 13th November 2023 · 2 mins read
Japan Economics Weekly BoJ preparing the path for further policy changes Governor Ueda has this week been preparing the ground for the next steps in the BoJ’s retreat from ultra-loose policy. Stronger recent wage data and increasing pressure for further, larger pay hikes... 10th November 2023 · 7 mins read
Asia Economics Weekly Close call for the BSP, but rates likely to be left unchanged The BSP’s scheduled meeting on Thursday will be a close call. On balance, we think the unexpectedly large drop in headline inflation last month and the recent recovery in the peso will be enough to... 10th November 2023 · 5 mins read
