Asia Rapid Response Singapore Central Bank Policy Meeting (July) The Monetary Authority of Singapore (MAS) kept policy unchanged today, but we think today’s marginally dovish statement raises the likelihood of monetary easing in October. 26th July 2024 · 2 mins read
Japan Rapid Response Japan Tokyo CPI (July 24) The sharp slowdown in inflation excluding fresh food and energy in Tokyo this month reduces the likelihood that the Bank of Japan will raise interest rates next week, though we’re sticking to our... 26th July 2024 · 3 mins read
China Rapid Response China Medium-term Facility Rate (Jul. 2024) The PBOC’s decision to cut the 1-year interest rate on its medium-term lending facility (MLF) earlier today is unusual for two reasons. First, the 20bp reduction is double the size of the PBOC’s usual... 25th July 2024 · 3 mins read
Japan Chart Pack Japan Chart Pack (Jul. 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. Following a wobbly period around the turn of the year, the economy is on the mend and should gather... 25th July 2024 · 1 min read
India Chart Pack India Chart Pack (July 2024) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. The economy is primed to grow by 6.5-7% per year between 2024 and 2026, which would put India on... 24th July 2024 · 1 min read
Bank of Japan Watch Bank will lift rates to 0.5% by year-end At its upcoming meeting, we expect the Bank of Japan to announce a reduction in its monthly bond purchases to ¥2tn over the next couple of years, with an initial reduction to ¥5tn. And we expect the... 24th July 2024 · 8 mins read
India Economics Update Finance Ministry continues to show fiscal restraint Finance Minister Nirmala Sitharaman has shown a commitment to fiscal consolidation while for the most part placating the BJP’s coalition partners in today’s FY24/25 Union Budget announcement. There is... 23rd July 2024 · 3 mins read
Australia & New Zealand Economics Update Making sense of Australia’s two-speed housing cycle Much of the recent resilience in Australia’s house price growth can be attributed to a handful of capital cities where the property markets have gone from strength to strength. We believe that there... 23rd July 2024 · 4 mins read
China Economics Update Plenum Decision fleshes out existing reform agenda The complete Third Plenum “Decision” document provides interesting details on the leadership’s reform agenda across a range of areas. Overall though, it reinforces the central message in last week’s... 22nd July 2024 · 7 mins read
Climate Economics Update China green exports hit a new record high Increases in solar panel and battery exports propelled our proprietary measure of China’s green export volumes to a record high in June. Given the rapid expansion in Chinese manufacturing capacity... 22nd July 2024 · 2 mins read
China Rapid Response China Policy Rates (Jul. 2024) The PBOC has lowered its short-term policy rate for the first time since last summer, in line with our expectation for a cut this quarter. Its efforts to prevent long-term yields from falling... 22nd July 2024 · 2 mins read
China Economics Weekly Services-led slowdown, Third Plenum signals The detailed breakdown of Q2’s weaker-than-expected GDP figures point to a broad-based slowdown in almost all parts of the service sector, leaving growth increasingly dependent on industry. The Third... 19th July 2024 · 5 mins read
Capital Daily Assessing two threats to Japan’s stock market We expect Japan’s stock market to continue to struggle in yen terms, but to fare better in US dollar terms over the rest of the year. 19th July 2024 · 4 mins read
Asia Economics Weekly Korea: contraction in Q2, weak H2 Second quarter GDP figures for Korea, due to be published next week, are likely to show the economy contracted last quarter. Growth in the second half of the year is also likely to struggle, with weak... 19th July 2024 · 6 mins read
