Australia & New Zealand Economics Weekly Rising inflation expectations are a problem for the RBA There are signs that Australia's electricity inflation will ease in the coming months, as domestic generation costs remain contained despite the crisis. However, the more pressing concern for... 27th March 2026 · 4 mins read
Japan Economics Weekly Quantifying the hit from higher energy prices In our baseline scenario, the hit to Japan’s economy from the energy shock will be limited as energy import prices won’t rise nearly as much as in 2022 and the government is once again capping prices... 27th March 2026 · 6 mins read
Asia Economics Update The Philippines: unpacking the hit from the Iran war The state of emergency now in place in the Philippines gives the government powers to address the most acute strains in access to essential inputs, but it won’t prevent an economic shock. The central... 26th March 2026 · 5 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (March 2026) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Inflation will rise well above target in both Australia and New Zealand as a result of the oil price... 26th March 2026 · 1 min read
Japan Chart Pack Japan Chart Pack (March 2026) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. The government’s decision to cap gasoline prices means that inflation won’t rise far above the BoJ’s... 26th March 2026 · 1 min read
Australia & New Zealand Economics Update Why is Australia’s housing market still defying gravity? Even though housing is the least affordable since the early-1990s, a pronounced shortage of housing supply has contributed to continued robust growth in house prices. While higher mortgage rates will... 25th March 2026 · 4 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Feb. 2026) The mild pullback in headline inflation in February won’t allay the RBA’s concerns about upside risks to the inflation outlook. We still think there’s a strong case for continued policy tightening. 25th March 2026 · 2 mins read
Global Commercial Property Update Alternative real estate sectors set to gain more ground In an environment of relatively weak economic growth, alternative sectors stand to benefit from a lower reliance on cyclical drivers, and support from structural trends that will drive long-term... 24th March 2026 · 3 mins read
Japan Rapid Response Japan Consumer Prices (Feb. 2026) Inflationary pressures are more entrenched than the weak headline result would for February would suggest. Indeed, we believe that the Bank of Japan’s preferred measure of core inflation will remain... 23rd March 2026 · 2 mins read
Japan Economics Update Strong Shunto results will prompt more BoJ rate hikes This year’s spring wage negotiations (Shunto) delivered strong pay hikes for the third consecutive year, which will convince the Bank of Japan to tighten policy further this year. And while softer... 23rd March 2026 · 4 mins read
China Economics Weekly Fewer rate cuts but fiscal easing won’t come to the rescue China's central bank left the loan prime rates on hold today. With higher oil prices set to keep the economy out of deflationary territory, we're now only expecting the central bank to deliver one... 20th March 2026 · 6 mins read
Commodities Update Refined oil products caught in the maelstrom The surge in the prices of refined oil products is amplifying the economic impact of the energy crisis. Countries in Africa that ordinarily source oil products from the Middle East have been most... 20th March 2026 · 3 mins read
India Economics Weekly Energy shortages rather than prices the imminent threat for India Regulated prices insulate consumers in India from surges in global energy prices but they are no protection against – and, indeed, they contribute to – shortages of fuels and related products. We’ve... 20th March 2026 · 5 mins read
Asia Economics Weekly Energy shockwaves: Asia first in the line of fire We have revised our forecasts to incorporate higher energy prices, assuming Brent averages close to US$100 per barrel in Q2 before easing to around US$80 by year-end. Given Asia’s heavy reliance on... 20th March 2026 · 7 mins read
Japan Economics Weekly Industry starting to suffer from Middle East conflict Shortages of naphtha resulting from the conflict in the Middle East are evoking the image of severe disruptions in Japan’s manufacturing sector as happened during the pandemic. With some countries in... 20th March 2026 · 7 mins read
