China Economics Weekly Fiscal stimulus needed, baby bust continues The initial policy response to the economy’s recent loss of momentum has been to cut interest rates. But on its own, this is unlikely to trigger a jump in household or corporate borrowing and spending... 16th June 2023 · 5 mins read
Asia Economics Weekly Good news for the BoK, worst now over for Sri Lanka The minutes of the Bank of Korea’s May monetary policy meeting, published this week, confirm that the central bank is becoming increasingly concerned about the growth outlook. And with inflationary... 16th June 2023 · 7 mins read
Emerging Markets Economics Update Recent EM export resilience starting to fade EM goods exports held up relatively well at the start of the year but more recent data suggest that resilience is waning. With demand from advanced economies set to soften, the boost from auto exports... 16th June 2023 · 3 mins read
India Economics Weekly Q3 Outlook, inflation plunge, policy pivot? The overarching message from our Q3 India Outlook is that policy rate cuts will soon come on to the agenda as the economy enters a mild slowdown and inflation settles at comfortable rates over the... 16th June 2023 · 3 mins read
Japan Economics Update Policy to remain ultra-loose The Bank of Japan left its monetary policy settings and assessment of the economy unchanged today. As inflation is unlikely to be sustained at or above target for the foreseeable future, we’re still... 16th June 2023 · 3 mins read
Japan Economics Weekly Strength in car exports unlikely to last Car exports have rebounded in recent months as supply shortages have eased, but Japan’s car industry is facing major headwinds as it is a laggard in the rollout of electric vehicles. Meanwhile, the... 16th June 2023 · 5 mins read
Australia & New Zealand Economics Weekly No relief for Australian mortgagors All signs are that the Australian Prudential Regulation Authority is unlikely to revise its guidance for the minimum serviceability buffer banks must apply when assessing home loan applicants. As a... 16th June 2023 · 4 mins read
Asia Economics Update Taiwan: stage set for rate cut in September Taiwan’s central bank (CBC) today kept its main policy rate unchanged (at 1.875%), but with the economy struggling and inflation set to fall further, we expect it to start cutting rates in September. 15th June 2023 · 3 mins read
China Rapid Response Activity & Spending (May) Retail sales and fixed investment undershot expectations, and the property sector struggled. Industrial output improved slightly but is still fairly subdued. And although the labour market remained... 15th June 2023 · 4 mins read
Australia & New Zealand Data Response Australia Labour Market (May 2023) With the labour market still firing on all cylinders, we’re happy with our forecast that the Reserve Bank of Australia will lift the cash rate all the way to 4.85% by September. 15th June 2023 · 2 mins read
Japan Data Response Japan External Trade (May) & Machinery Orders (Apr.) The trade deficit narrowed for an eighth consecutive month in May as both import prices and volumes continued to fall. “Core” machinery orders rebounded in April, but that still points to a fall in... 15th June 2023 · 3 mins read
Japan Rapid Response Japan External Trade (May 2023) & Machinery Orders (Apr. 2023) 15th June 2023 · 2 mins read
