Japan Economics Weekly Japan Weekly: Banks starting to benefit from higher interest rates The 10-year JGB yield rose to a 14-year high this week and we think it will reach 1.75% by the end of the year as the Bank of Japan tightens policy more rapidly than most anticipate. Banks were... 14th February 2025 · 6 mins read
Global Economics Update Trump’s reciprocal tariffs – who’s at risk? If the Trump administration pursues a reciprocal tariff strategy rather than a 10% universal tariff, then it could result in a smaller rise in the overall effective tariff rate than we have assumed... 13th February 2025 · 4 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (February) 13th February 2025 · 2 mins read
Japan Economics Update Slower food inflation won’t stop BoJ from hiking rates Soaring food inflation has been the key driver behind the recent strength in headline inflation. Processed food inflation will remain high for a while yet but that won’t prevent overall food inflation... 13th February 2025 · 4 mins read
China Economics Update China adds to export controls in a bid to pressure US China added five critical minerals to its export control list last week but stopped short of banning their sale. The move was intended as a warning to the Trump administration and to increase China’s... 12th February 2025 · 4 mins read
India Rapid Response India Consumer Prices (Jan. 2025) The sharp fall in Indian headline consumer price inflation in January reinforces our view that the RBI will continue to loosen monetary policy over the coming months to support the economy. 12th February 2025 · 2 mins read
Japan Chart Pack Japan Chart Pack (Feb. 2025) With real household incomes rising the most in years and the savings rate rather high, the rebound in consumer spending will continue in 2025. And with the yen set to remain weak for longer and this... 12th February 2025 · 1 min read
Equities Update Indian rupee and equities set for further weakness A slowdown in the economy, alongside an unfavourable external environment, have contributed to declines in the Indian stock market and the rupee. We continue to expect the stock market to decline... 12th February 2025 · 5 mins read
China Economics Update Chinese retailers to suffer under Trump’s trade policies The end of the de minimis tariff exemption for US imports of low-value goods from China will be a major blow to Chinese e-commerce giants like Temu and Shein. They’re likely to lose market share to... 11th February 2025 · 4 mins read
Commodities Chart Pack Commodities Chart Pack (February 2025) Trump’s curveballs have limited sway in oil markets With oil prices back to where they were at the start of the year, the oil market has offered a collective shrug to the geopolitical curveballs... 10th February 2025 · 1 min read
China Rapid Response China Consumer & Producer Prices (Jan.) Headline CPI inflation rose to a five-month high last month, driven by the lagged effect of stronger demand last quarter on the back of government efforts to boost consumption. But with the boost from... 10th February 2025 · 2 mins read
China Economics Weekly China Weekly: Holiday data softer than headlines suggest Consumer activity over the Lunar New Year holiday was widely interpreted as strong. But much like the latest PMIs, it is actually consistent with a slowdown in growth at the start of 2025. Visit our... 7th February 2025 · 5 mins read
India Economics Weekly India Weekly: Budget, RBI, Delhi election, Modi-Trump meeting A busy week for domestic policymaking began with the Finance Ministry showing fiscal restraint in the FY25/26 Union Budget and concluded with the RBI kicking off its easing cycle, with an election in... 7th February 2025 · 4 mins read
India Economics Update New governor, new direction for the RBI The Reserve Bank of India’s (RBI’s) decision to cut the repo rate by 25bps today to 6.25% confirms that, under new leadership, its priorities have tilted from containing inflation to providing more... 7th February 2025 · 3 mins read
India Rapid Response RBI Policy Announcement (Feb. 25) The Reserve Bank of India’s (RBI’s) decision to cut the repo rate by 25bps today to 6.25% confirms that, under new leadership, its priorities have tilted from containing inflation to providing more... 7th February 2025 · 2 mins read
Japan Economics Weekly Bank of Japan will hike rates again soon While the surge in bonus payments in December in principle bodes well for the upcoming spring wage negotiations as it signals strong corporate profitability, it's worth highlighting that growth in... 7th February 2025 · 4 mins read
