Capital Daily Japan’s stock market likely to weather the BoJ’s slow withdrawal While the Bank of Japan (BoJ) is a smaller player in equities than it is in bonds, the central bank acquired lots of shares via its ETF programme. So, it’s hardly surprising the BoJ’s announcement on... 22nd September 2025 · 5 mins read
China Activity Monitor CAP: Economy holding up, but growth remains weak Our China Activity Proxy suggests that growth picked up a touch last month, but the economy is still growing at less than 3.5% y/y. The services sector has been outperforming in recent months thanks... 22nd September 2025 · 1 min read
India Economics Update How might the H-1B visa crackdown affect India? Viewed in an optimistic light, President Trump’s overhaul of the H-1B visa programme could benefit India’s economy if more high-skilled workers now stay in the country. But to the extent that... 22nd September 2025 · 3 mins read
Climate Economics Update More Chinese-made green tech is heading to the EU China’s exports of the New Three are still growing at a strong pace as an increase in shipments to the EU is helping to absorb the hit from US tariffs on trade volumes. While there are signs of... 22nd September 2025 · 2 mins read
China Economics Weekly MoF signals that fiscal policy will stay supportive The fiscal deficit across China’s two main budgets expanded almost 40% y/y over the past three months. This isn’t sustainable, and the pace of fiscal loosening will almost certainly slow over the... 19th September 2025 · 5 mins read
Asia Economics Weekly Indonesia concerns shift to budget, CBSL to resume easing Indonesia’s latest budget for next year points to a slight widening of the deficit, compared with its earlier estimate. This, along with a statement today from the new finance minister, who called the... 19th September 2025 · 5 mins read
India Economics Weekly US trade talks resume, PM Modi at 75 Talks between US and Indian trade officials resumed this week in Delhi, hinting at a slight thawing in relations that have become acrimonious over the past couple of months. But while an encouraging... 19th September 2025 · 3 mins read
Japan Economics Weekly Inflation will continue to overshoot BoJ’s forecasts Given that Governor Ueda is still sounding very non-committal about the timing of the next rate hike, the two hawkish dissents at this week’s BoJ meeting could well prove to be a red herring. But with... 19th September 2025 · 4 mins read
Japan Economics Update Bank of Japan inching towards tighter policy While the two dissents by BoJ Board members could be a red herring, we’re sticking to our long-held view that the Bank will resume its tightening cycle next month and lift rates to 1.5% by 2027. Note... 19th September 2025 · 3 mins read
Australia & New Zealand Economics Weekly RBNZ will cut further to revive the ailing economy With New Zealand’s real GDP having plunged last quarter, the output gap is now at its most negative level since the Global Financial Crisis. The excess capacity in the economy will exert downward... 19th September 2025 · 5 mins read
Japan Rapid Response Japan Consumer Prices (Aug. 2025) The Bank of Japan will probably look past the ongoing fall in headline inflation, given that underlying inflation is holding up reasonably well. Accordingly, we still think there’s a case for the Bank... 19th September 2025 · 2 mins read
Asia Economics Update Is Indonesia making a policy mistake? Policymakers in Indonesia can make a case that more monetary and fiscal support is warranted given the economic drag from recent protests and flooding as well as US tariffs, and the backdrop of low... 18th September 2025 · 5 mins read
India Chart Pack India Chart Pack (September 2025) After an exceptionally strong first half of 2025, India’s economy faces a more challenging rest of this year and 2026 in the face of punitive US tariffs. But they could get rolled back and, even if... 18th September 2025 · 1 min read
China Economics Update Summer investment slump likely to be short-lived If the sharp slowdown in fixed investment over the summer were to be sustained, China’s economy would suffer a hard landing. However, it appears mostly to reflect temporary weather-related factors and... 18th September 2025 · 6 mins read
Asia Rapid Response Taiwan Interest Rate Announcement (Sep.) Taiwan’s central bank (CBC) left its main policy rate on hold today (at 2.00%) and, against the backdrop of rapid economic growth and low inflation, we expect policy settings to be left unchanged... 18th September 2025 · 2 mins read
