China Economics Update Five-Year Plan aims to rebalance fiscal spending The full proposals for China’s upcoming Five-Year Plan have just been published. These make it clear that fiscal policy will play a key role in the leadership’s efforts to lift the consumption-to-GDP... 28th October 2025 · 4 mins read
India Economics Update India isn’t ready to become a global rare earths player India has the world’s third-largest proven reserves of rare earths, but it accounts for a tiny share of global production due to various technical and regulatory difficulties. If these hurdles are... 28th October 2025 · 3 mins read
Japan Economics Focus Faster food inflation increasingly structural The continued strength in food inflation is increasingly being driven by rapid growth in labour costs, not least due to strong minimum wage hikes. With wage growth set to remain strong, we expect food... 28th October 2025 · 14 mins read
Asia Rapid Response Korea GDP (Q3 2025, adv) Korea’s economy accelerated sharply in Q3 and, with the bank still worried about overheating in the property market, today’s strong data make a November rate cut even less likely. 27th October 2025 · 2 mins read
China Economics Weekly Five-Year Plan teasers suggest rebalancing will be slow Officials have pledged to significantly increase the consumption share of GDP. But the wider messaging on China’s upcoming Five-Year Plan suggests that efforts to further expand the supply-side of the... 24th October 2025 · 7 mins read
Asia Economics Weekly Taiwan’s booming economy, Korea and Indonesia rates Q3 GDP data due to be released next week are likely to show that Taiwan’s economy recorded another quarter of rapid growth and there are reasons to think that this strength will last a while longer... 24th October 2025 · 7 mins read
Japan Economics Weekly Weaker inflation reduces urgency for BoJ rate hikes While new Prime Minister Sanae Takaichi is reportedly preparing a larger supplementary budget than the one last year, coalition partner Ishin No Kai has dropped its demand to slash the sales tax on... 24th October 2025 · 5 mins read
Australia & New Zealand Economics Weekly Critical minerals deal holds promise for Australia The critical minerals agreement signed by Australia and the US will provide only a modest boost to activity in the near term. However, the deal highlights the opportunities that global fracturing... 24th October 2025 · 5 mins read
Japan Rapid Response Japan Flash PMIs (Oct. 25) While the composite PMI softened in October, it still points to a healthy expansion in economic activity. 24th October 2025 · 2 mins read
Japan Rapid Response Japan Consumer Prices (Sep. 2025) Although underlying inflation softened somewhat in September, our sense is that there is still a strong case for the Bank of Japan to resume its tightening cycle. However, with policymakers still keen... 24th October 2025 · 2 mins read
Commodities Update US sanctions on Rosneft and Lukoil up the ante On the face of it, the announcement of sanctions by the US on Rosneft and Lukoil is a major escalation in the targeting of Russia’s energy sector and could be a big enough shock to flip the global oil... 23rd October 2025 · 5 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Oct. 2025) Capital inflows into EMs have held up well over the past month, largely a result of strong flows into equity markets (Korea in particular). While we expect EM currencies to depreciate over the next... 23rd October 2025 · 0 mins read
China Economics Update China's Five-Year Plan: Staying the course on industrial policy China’s leadership has just wrapped up a closed-door meeting to discuss the upcoming Five-Year Plan. The message from the post-meeting communique is one of policy continuity, with technological... 23rd October 2025 · 3 mins read
India Chart Pack India Chart Pack (October 2025) After a very strong run, India’s economy faces a more challenging few quarters in the face of punitive US tariffs. But hopes are growing again that these could be reduced. And in any case, domestic... 23rd October 2025 · 1 min read
Asia Economics Update BoK easing cycle on pause, for now The Bank of Korea kept rates on hold today and cited financial stability risks as a key constraint on further easing. But we think those concerns are overdone and the bank retained its easing bias so... 23rd October 2025 · 3 mins read
Asia Rapid Response Korea Policy Rate (Oct. 2025) The Bank of Korea left its policy rate unchanged today at 2.50%, but we doubt this marks the end of its easing cycle. 23rd October 2025 · 1 min read
