Japan Economics Update Is Japan’s rent inflation about to take off? Our base case is that faster growth in household incomes will result in the recent pick-up in rent inflation broadening from major cities to the rest of the country. However, there’s a risk that... 28th April 2025 · 3 mins read
Commodities Update Lessons from US-China trade war 1.0 for soybeans Soybeans are once again caught in the firing line of the US-China trade war. There is plenty of uncertainty around the exact ramifications for the shape of global trading patterns and prices, but the... 25th April 2025 · 4 mins read
China Economics Weekly China Weekly: Taking a stand against the US President Trump wants to cut a deal with China so that he can claim victory and roll back some tariffs. But China’s leaders aren’t playing ball. They are considering tariff exemptions for certain... 25th April 2025 · 8 mins read
Asia Economics Weekly Asia Weekly: Korea construction slump, BI on hold Korea’s economy remains in the doldrums, with figures published earlier this week showing the economy contracted by 0.2% in the first quarter. Investment was particularly weak, dragged down by a sharp... 25th April 2025 · 8 mins read
India Economics Weekly India Weekly: JD Vance in India, Kashmir, flash PMIs, dovish RBI US Vice President JD Vance was in India this week talking up progress on a potential trade deal as well as hailing the strength of diplomatic relations between the two countries. Meanwhile, India’s... 25th April 2025 · 4 mins read
China Rapid Response China Politburo Meeting (Apr. 2025) The meeting readout signalled that monetary policy easing is still on its way and that existing plans for fiscal spending will be accelerated. It stopped short of committing to additional deficit... 25th April 2025 · 3 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: PMI data suggest limited impact from tariff turmoil Australia's Flash PMIs suggest that the initial impact of global trade tensions has been modest, with output remaining firmly in expansionary territory in April. What's more, with domestic demand... 25th April 2025 · 5 mins read
Japan Economics Weekly Japan Weekly: Strong inflation will prompt further policy tightening At its meeting next week, the Bank of Japan will reportedly push back the timing for meeting its 2% inflation target on a sustained basis. That would be a mistake though as the fallout from global... 25th April 2025 · 4 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Apr. 2025) Despite the slump in the US dollar, outflows from EM capital markets have surged since President Trump’s Liberation Day tariff announcements. There have been tentative signs of stabilisation more... 24th April 2025 · 0 mins read
Capital Daily Can’t get no (further) relief Despite further encouraging headlines on tariff reduction, a relief rally in Asian markets trading today has been notable by its absence. This reinforces our view that further gains in equity markets... 24th April 2025 · 4 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (Apr. 2025) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. At first glance, Australia and New Zealand should be fairly insulated from the brunt of the US’s... 24th April 2025 · 1 min read
Asia Rapid Response Korea GDP (Q1 adv, 2025) Korea’s economy weakened further in Q1 and we expect activity to remain weak in the near term due to headwinds from tariffs and the bleak outlook for the construction sector. 24th April 2025 · 2 mins read
Bank of Japan Watch Bank of Japan will hike again in July The Bank of Japan will revise down its forecasts for GDP growth at the upcoming meeting and keep policy settings unchanged. However, we expect the Board to signal continued confidence in meeting its... 24th April 2025 · 7 mins read
Climate Economics Update China green exports surge but tariff hit looms ahead The surge in China’s green exports to a new record high in March could be the final strong showing for a while given the escalation in US tariffs on all Chinese imports. However, green tech exporters... 23rd April 2025 · 2 mins read
Japan Economics Update Trade war not weighing on business confidence The available business surveys show that confidence hasn’t weakened after Liberation Day. However, with price pressures coming off the boil, the Bank of Japan will continue to tighten policy only... 23rd April 2025 · 3 mins read
