Metals Data Response Global Steel Production (Aug.) The slowdown in global steel production in August is consistent with our long-held view that slowing demand will weigh on production in the second half of this year. Weakening demand stems from... 25th September 2023 · 2 mins read
Japan Economics Update End of Yield Curve Control won’t spell fiscal disaster The abandonment of Yield Curve Control would probably prompt the Bank of Japan to reduce its bloated holdings of government bonds, which could push up long-term bond yields. However, there are good... 25th September 2023 · 4 mins read
Capital Daily Dovish Ueda makes yen intervention more likely With the Bank of Japan offering little new at its policy meeting earlier today and US Treasury yields surging higher in the wake of the FOMC’s hawkish message earlier in the week, pressure on the yen... 22nd September 2023 · 5 mins read
Asia Economics Weekly Thai budget, key messages from central bank meetings Thailand’s new government this week unveiled a budget for fiscal year 2024 which envisages a significant loosening of policy. Higher government spending will provide an important prop to the... 22nd September 2023 · 7 mins read
China Economics Weekly Foreigners staying away, consumers perking up When officials launched the “Invest in China” campaign in March, they had hoped 2023 would be the year in which foreign investment came roaring back, supported by the removal of COVID restrictions... 22nd September 2023 · 6 mins read
India Economics Weekly Bond index inclusion to boost pride more than inflows On its own, the inclusion of India’s government bonds into JP Morgan's GBI-EM Global Diversified Index is unlikely to make a great deal of difference to local yields. But the outlook for domestic and... 22nd September 2023 · 3 mins read
Japan Economics Weekly Government benefitting from higher inflation for now We previously argued that political pressure is one reason to expect the Bank of Japan to tighten policy. However, we suspect the government's stance on inflation has become more ambiguous. While... 22nd September 2023 · 7 mins read
Japan Economics Update Bank of Japan will call time on loose policy next year The Bank of Japan still sounded dovish when it kept policy settings unchanged today. But with inflation proving stickier than expected, we expect the Bank to lift its policy rate in January and have... 22nd September 2023 · 3 mins read
Australia & New Zealand Economic Outlook Downturn will prompt policy easing next year Both economies have dodged a recession so far, but we still consider it more likely than not that output will shrink across the second half of the year. With inflation softening and labour markets... 22nd September 2023 · 20 mins read
Australia & New Zealand Economics Weekly Higher energy inflation won’t prompt further rate hikes The recent jump in crude oil prices will lift headline inflation in Australia, but we doubt it will have much bearing on underlying inflation. Accordingly, we still think that the RBA's next move will... 22nd September 2023 · 6 mins read
Asia Rapid Response Philippines Monetary Policy Meeting (September) 21st September 2023 · 2 mins read
Australia & New Zealand Rapid Response New Zealand GDP (Q2 2023) The unexpectedly strong rebound in activity last quarter means that the RBNZ may well judge it has more work to do. All told, there are growing risks that the Bank will not only hike again, but also... 21st September 2023 · 2 mins read
