Japan Rapid Response Japan Consumer Prices (Oct. 25) With inflation excluding fresh food and energy remaining above 3%, it won’t be long before the Bank of Japan resumes its tightening cycle. 20th November 2025 · 2 mins read
Climate Economics Update China’s green exports were part of broader slowdown The slowdown in the annual growth rate of our proprietary measure of China's so-called New Three export volumes in October suggests that China’s green technology exporters were not immune to broader... 20th November 2025 · 2 mins read
Asia Economics Update Can AI keep Asia’s export boom going? Asian exports are now growing at their fastest rate in more than three years, and should continue to expand at a decent pace over the coming year. While US tariffs have hit China’s (and more recently... 20th November 2025 · 3 mins read
Asia Economics Update Taiwan: why aren’t consumers joining the party? Taiwan’s economy is booming and this has been driven almost entirely by exports, whereas domestic demand, and especially consumer spending, has been sluggish. That’s because faster wage increases in... 19th November 2025 · 4 mins read
Asia Rapid Response Indonesia Interest Rate Announcement (Nov. 2025) Bank Indonesia left its benchmark interest rate on hold at 4.75% today for a second consecutive meeting but the accompanying communications remained dovish and we still think there’s scope for further... 19th November 2025 · 2 mins read
Japan Economics Update Takaichi unlikely to curb immigration much Concerns that new Prime Minister Sanae Takaichi will drastically reduce immigration inflows seem overdone. But we suspect that the increase in immigration inflows over the past decade will come to a... 19th November 2025 · 3 mins read
India Economics Update India’s core inflation unlikely to rise much further Headline inflation in India has fallen to a multi-decade low, but core inflation is currently at its highest in 18 months. But even if the economy continues to perform well as we expect, low household... 19th November 2025 · 4 mins read
Australia & New Zealand Economics Update RBNZ: One last cut for the road We expect the Reserve Bank of New Zealand to close out its easing cycle with a 25bp cut at its meeting ending on 26th November. Our sense is that the Bank will want to take out a final bit of... 19th November 2025 · 6 mins read
Australia & New Zealand Rapid Response Australia Wage Price Index (Q3 2025) Although wage growth in Australia held steady last quarter, underlying momentum appears to have softened a touch. At the margin, that supports our view that the RBA will resume its easing cycle in H2... 19th November 2025 · 2 mins read
APAC Commercial Property Chart Pack APAC Commercial Property Chart Pack (Q4 2025) Asia-Pacific all-property capital value declines slowed further with Q3 down just 1.1% y/y. Yet we expect the recovery to be modest, constrained by high risk-free rates and limited rental growth... 18th November 2025 · 1 min read
Australia & New Zealand Rapid Response RBA Minutes (Nov. 2025) The minutes of the RBA’s November meeting reinforce the notion that the Bank will remain in wait and watch mode in the near term. While we still expect it to cut rates by another 50bp late next year... 18th November 2025 · 2 mins read
Emerging Markets Economics Update Early current account warning signs in a few EMs Emerging economies’ external positions generally look strong. But current account deficits are starting to widen in a handful of countries in Latin America as well as in the Philippines and Poland... 17th November 2025 · 3 mins read
Commodities Update Unpacking the key unknowns that will drive peak oil A growing divergence in views on the trajectory of oil demand over the next 25 years – and whether demand will even reach a peak during this period – partly reflects the reduction in political support... 17th November 2025 · 4 mins read
Asia Rapid Response Thailand GDP (Q3 2025) Thailand’s economy contracted during the third quarter and we think it will struggle over the coming months, prompting the central bank to step in and loosen monetary policy by more than most expect. 17th November 2025 · 2 mins read
Japan Rapid Response Japan GDP (Q3 2025 Preliminary) The fall in GDP last quarter further reduces the chances of a BoJ rate hike in December but we still think that the Bank will resume its tightening cycle at its January meeting. 17th November 2025 · 2 mins read
FX Markets Update Why is the yen still so weak? The Japanese yen continues to suffer from the wide monetary policy gap between Japan and other major economies. We think that gap will gradually narrow and the yen recover some ground over the next... 14th November 2025 · 5 mins read
