Japan Rapid Response Japan External Trade (Aug. 26) Japan’s crude oil import volumes held up well in August but importers are still paying a premium to secure sufficient crude oil supplies outside of the Middle East. 16th September 2026 · 2 mins read
Asia Economics Focus China Shock 2.0 is good news for ASEAN China’s export surge is strengthening rather than hollowing out South East Asian manufacturing. Cheaper inputs and Chinese investment should continue to lift the region’s exports and industrial... 15th September 2026 · 15 mins read
Japan Economics Update Energy subsidies contributing to larger budget deficit We now expect the price of Brent crude oil to remain high throughout this year, which means that fiscal measures to cap retail energy prices will cost an additional 0.6% of GDP this year. And with the... 15th September 2026 · 3 mins read
China Rapid Response China Activity & Spending (Aug. 2026) August activity data showed a modest rebound in industrial output growth last month, driven by external demand and high-tech manufacturing. A smaller contraction in infrastructure investment suggests... 15th September 2026 · 3 mins read
India Rapid Response India Consumer Prices (August 2026) India’s headline consumer price inflation jumped to a 20-month high of 4.8% y/y in August and further rises are going to follow, with the renewed surge in oil prices a stark reminder that the risks... 14th September 2026 · 2 mins read
China Rapid Response China Bank Lending & Broad Credit (Aug.) Growth in broad credit slowed to a fresh record low, reflecting weaker growth in both bank and non-bank financing. Most concerning is the continued weakness in household credit demand, with household... 14th September 2026 · 3 mins read
Asia Rapid Response Indonesia replaces finance minister amid signs of policy reset Indonesia’s decision today to replace Finance Minister Purbaya Yudhi Sadewa with his deputy is a welcome development, although we need more evidence of improvements in policymaking before we are... 14th September 2026 · 2 mins read
China Economics Weekly Another rare earths crunch China's rare earth exports have been falling ever since Presidents Trump and Xi met in May, despite US suggestions that China had committed to keep shipments flowing. There has been no public pushback... 11th September 2026 · 5 mins read
Asia Economics Weekly Won’s rebound, CBC to hold fire, China Shock 2.0 The Korean won hit a two-year high this week, helped by profit repatriation by major tech firms and foreign investors scaling back their selling of Korean equities. We think it will make further gains... 11th September 2026 · 4 mins read
Japan Economics Weekly Stronger inflation points to further yen gains This week’s producer price and wage data show that inflationary pressure in Japan remains firm. That should set the stage for the Bank of Japan to pick up the pace of policy tightening. Meanwhile, the... 11th September 2026 · 5 mins read
India Economics Weekly The RBI’s fistful of dollars The RBI's efforts to attract foreign-currency deposits have proven more successful than expected, but the resulting surge in liquidity has eased monetary conditions and may complicate efforts to... 11th September 2026 · 3 mins read
Bank of Japan Watch BoJ set to accelerate its tightening cycle The Bank of Japan will accelerate its tightening cycle with a hike to 1.25% at its upcoming meeting. With the Bank increasingly concerned about upside risks to inflation, we now expect the Bank to... 11th September 2026 · 8 mins read
China Economics Focus China’s export gains go beyond strategic goods Concerns abroad about China’s surging exports have largely focused on “strategic sectors”. Less acknowledged is that China has been gaining significant global market share across the board, including... 10th September 2026 · 5 mins read
Capital Daily Rare dual renminbi/CGB rally could go further It’s unusual for the renminbi to gain against the US dollar while China’s domestic bond yields are falling, as has been the case lately. But the latest economic data add to the case, in our view, that... 9th September 2026 · 3 mins read
China Rapid Response China Consumer & Producer Prices (Aug. 2026) Inflation picked up again in August, largely reflecting renewed upward pressure from global oil prices. But the increase was concentrated in some energy-related sectors, while underlying domestic... 9th September 2026 · 2 mins read
Asia Economics Update The Korean won’s rebound has further to run The Korean won has rallied recently as some of the factors that had previously weighed on the currency, such as foreigners’ selling of Korean equities, have started to unwind and major Korean firms... 8th September 2026 · 3 mins read
