Japan Chart Pack Japan Chart Pack (Sep. 2023) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. We no longer expect the economy to enter a recession. But with real disposable incomes falling, we... 11th September 2023 · 1 min read
China Economics Update PBOC rate cuts: Go big or go home The quantitative tools that the PBOC relied on to pump up credit growth during previous downturns have become ineffective due to weak demand. That leaves interest rates as the main avenue for monetary... 11th September 2023 · 6 mins read
China Rapid Response Bank Lending & Broad Credit (Aug.) China’s bank loan growth stabilised in August after declining for three consecutive months, and broad credit growth edged up from July’s record low. We think that policy easing could drive a modest... 11th September 2023 · 3 mins read
China Rapid Response Consumer & Producer Prices (Aug.) CPI exited deflation in August, and PPI rose for the first time in nine months. Core inflation remained unchanged after hitting a 11-month high in July, while services inflation rose to its highest in... 11th September 2023 · 3 mins read
India Economics Weekly G20 non-starter, RBI’s speedbumps This weekend’s G20 summit in New Delhi will undoubtedly be presented as a foreign policy triumph by the BJP as next year’s general election creeps onto the horizon. But for all the fanfare in India... 8th September 2023 · 5 mins read
Asia Economics Weekly Bad news on inflation Headline inflation across Emerging Asia jumped last month due to a rise in food and fuel price inflation. We have raised our inflation forecasts for a number of countries to reflect the deterioration... 8th September 2023 · 5 mins read
China Economics Weekly Huawei’s chip breakthrough Huawei’s new phone suggests that SMIC, China’s top chipmaker, has succeeded in mass-producing 7nm chips, an important step towards technological self-sufficiency. But it is too early to conclude that... 8th September 2023 · 9 mins read
Australia & New Zealand Economics Weekly We still expect Australia to enter a recession The economy held a bit better last quarter than most had anticipated. And with the bulk of the RBA’s rate hikes now passed through to mortgage rates and inflation cooling, the largest falls in real... 8th September 2023 · 5 mins read
Japan Economics Weekly FX intervention looking increasingly likely With the yen weakening to a one-year low against the dollar, the chances that the authorities will intervene to stem its slide have risen. That would probably have little success if interest rate... 8th September 2023 · 5 mins read
Asia Rapid Response Malaysia: Monetary Policy Meeting (September) The decision by Malaysia’s central bank (BNM) to leave the overnight policy rate unchanged at 3.0% came as no surprise. Despite the poor near term outlook for economic growth, we expect BNM to remain... 7th September 2023 · 4 mins read
China Rapid Response China Trade (Aug.) China’s export values continued to contract in August but this mostly reflects lower prices. Export volumes continued to hold up well and are still above their pre-pandemic trend. We doubt this... 7th September 2023 · 3 mins read
Australia & New Zealand Rapid Response Australia International Trade (Jul. 2023) 7th September 2023 · 2 mins read
Capital Daily Japan’s equities may step down from the spotlight soon We doubt the strong gains in Japan’s equity market this year mark the start of a significant reversal of its decades-long underperformance; we expect it to lag the US market over the next couple of... 5th September 2023 · 3 mins read
Asia Economics Update Inflation in Korea set to resume downward trend soon The jump in inflation in August was driven by temporary factors and we don’t think this marks the start of a sustained rise in inflation, especially since core inflation continued to drop back... 5th September 2023 · 3 mins read
