Japan Rapid Response Japan Flash PMIs (June 25) With output expanding at a healthy pace and price pressures set to remain relatively firm, we continue to believe the Bank of Japan will deliver its next rate hike sooner than most anticipate. 23rd June 2025 · 2 mins read
China Economics Weekly China Weekly: EU is choosing Trump over China, retailers doing well When President Trump returned to office, his aggressive treatment of traditional allies raised the possibility that the EU and China would come together in defence of free trade. But it was clear this... 20th June 2025 · 5 mins read
Climate Economics Update China’s green exports hold up in the face of US tariffs China’s New Three export volumes edged down in May, but remained close to record highs, as the impact on trade from US tariffs was partially offset by increased shipments to the Middle East. While the... 20th June 2025 · 3 mins read
Asia Economics Weekly Asia Weekly: More policy support coming in Korea More policy support in Korea looks to be on its way soon. The minutes from the Bank of Korea’s May meeting, point to more rate cuts over the coming months. Meanwhile, the new government has announced... 20th June 2025 · 6 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: Slowing migration may keep RBA in a dovish mood Australia's population growth has declined by nearly 1%-pt since its post-pandemic peak, driven in large part by a normalisation in international student arrivals. The drop in foreign student numbers... 20th June 2025 · 5 mins read
Japan Economics Weekly Japan Weekly - No signs that trade tensions are weighing on inflation The Bank of Japan retained its downbeat outlook at this week’s meeting. But with the economic data holding up despite trade tensions and inflation set to overshoot the Board’s forecasts by a sizeable... 20th June 2025 · 5 mins read
Equities Update Korean equities may not outperform Taiwan much longer Taiwan’s stock market has been a key beneficiary of the AI boom and was one of the top performers in the world in 2024. This year though, equities in fellow Asian tech heavyweight Korea have taken... 20th June 2025 · 4 mins read
Japan Rapid Response Japan Consumer Prices (May 25) Inflation is set to overshoot the Bank of Japan’s forecasts by a wide margin and we expect the Bank to resume its tightening cycle before the end of the year. 20th June 2025 · 2 mins read
Asia Rapid Response Taiwan Monetary Policy Announcement (June 2025) Taiwan’s central bank (CBC) left its main policy rate on hold today (at 2.0%) and we expect interest rates to remain unchanged for the foreseeable future. In contrast, most other analysts are... 19th June 2025 · 2 mins read
Japan Economics Update Carmakers slashing prices in response to US tariffs There are signs that Japanese carmakers are reducing their prices in the US to retain market share, which seems to vindicate the Bank of Japan’s concerns that US tariffs will weigh on corporate... 19th June 2025 · 3 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (June) The central bank in the Philippines (BSP) today cut its main policy rate by a further 25bps (to 5.25%), and the dovish tone from the central bank’s statement and press conference suggests further... 19th June 2025 · 2 mins read
Australia & New Zealand Rapid Response Australia Labour Market (May 2025) Labour market and population data published today are sending mixed signals about capacity pressures in the economy. Either way, they probably won’t prevent the RBA from cutting rates further in the... 19th June 2025 · 2 mins read
Australia & New Zealand Rapid Response New Zealand GDP (Q1 2025) Although New Zealand’s recovery gained traction last quarter, there are signs that the upshift in momentum will prove short-lived. Accordingly, we still think there’s a strong case for the RBNZ to cut... 19th June 2025 · 2 mins read
Asia Rapid Response Indonesia Policy Rate (June 2025) Bank Indonesia today left interest rates unchanged at 5.50%, but as dovish comments in the press conference by Governor Perry Warjiyo make clear, this is unlikely to mark the end of the central bank’s... 18th June 2025 · 2 mins read
Japan Rapid Response Japan External Trade (May 25) While US-bound exports kept falling in May, Japan’s overall exports were little changed and we estimate that net exports will be only be a small drag on Q2 GDP growth 18th June 2025 · 2 mins read
Capital Daily JGBs still vulnerable to tighter BoJ policy Although we’ve become less confident the Bank of Japan (BoJ) will raise its policy rate again this year given its view of the risks to growth and inflation, for now we are sticking to our forecast... 17th June 2025 · 4 mins read
