Capital Daily YCC tweak fails to help the yen, MoF intervention next? As is often the case, it is hard to know just what to make of the Bank of Japan’s latest policy announcement. Our sense is that the resulting rise in Japanese government bond yields is more likely to... 31st October 2023 · 5 mins read
Asia Chart Pack Emerging Asia Chart Pack (Oct. 2023) Our Emerging Asia Chart Pack has been updated with the latest data and our analysis of recent developments. Recent currency falls and renewed concerns about inflation mean Asian central banks will... 31st October 2023 · 0 mins read
China Rapid Response Hong Kong GDP (Q3 Preliminary) Hong Kong’s economy largely treaded water in Q3, underperforming most expectations. A jump in investment and a pick-up in government spending barely offset further struggles in the trade logistics... 31st October 2023 · 3 mins read
Japan Economics Update Bank will end negative interest rates in early-2024 The Bank of Japan today de facto abolished Yield Curve Control and we think policymakers will call time on negative interest rates as soon as January. 31st October 2023 · 4 mins read
RBA Watch RBA will hit the brakes once more With inflation surprising on the upside in Q3, we expect the RBA to lift rates by 25bp at its meeting next week. However, we suspect that the next rate hike will be the last one in the current cycle... 31st October 2023 · 8 mins read
China Rapid Response PMIs (Oct.) The PMI surveys were unexpectedly weak across the board, with the composite measure falling to its lowest in eight years outside of COVID lockdowns. If this slowdown is confirmed by the hard data then... 31st October 2023 · 4 mins read
Japan Rapid Response Japan Industrial Production & Retail Sales (Sep. 23) 31st October 2023 · 2 mins read
China Chart Pack China Chart Pack (Oct. 2023) China’s economy is regaining some momentum after stalling during the summer. A step up in policy support looks set to deliver a modest cyclical recovery but trend growth remains under pressure. 30th October 2023 · 1 min read
China Economics Update Foreign investment in China still going strong Foreign direct investment into China, as measured by the balance of payments data, has collapsed. It is tempting to pin this on global fragmentation or a loss of confidence in China’s economic... 30th October 2023 · 5 mins read
China Economics Weekly Larger deficit comes with a catch Tighter oversight of off-budget fiscal activity has resulted in the first net fall in bond issuance by local government financing vehicles and policy banks in over two decades. That’s one reason why... 27th October 2023 · 7 mins read
India Economics Weekly India’s manufacturing ambitions constrained by energy India’s government is pushing ahead with efforts to make the country a key link in global manufacturing supply chains. But the increasing strain that the power network has come under over the past... 27th October 2023 · 4 mins read
