Japan Economics Focus How worried should investors be about Takaichi’s policies? While PM Takaichi intends to abandon “excessive austerity” and is trying to steer the BoJ in a more dovish direction, we don’t believe that her policies pose a major risk for Japan’s economic outlook... 5th August 2026 · 17 mins read
Global Economics Update Who is most exposed to an AI earnings bust? An AI earnings bust need not be synonymous with a macroeconomic bust. Some scenarios – such as falling AI prices or higher input costs – would mainly redistribute income between AI producers and users... 5th August 2026 · 3 mins read
India Economics Update RBI keeps rates on hold, but hikes likely soon The Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25% today as it continues to monitor “the uncertainties of the West Asia conflict”. But we still think that rising inflation will... 5th August 2026 · 3 mins read
Australia & New Zealand Rapid Response New Zealand Labour Market (Q2 2026) With spare capacity in the labour market still rising, the RBNZ won’t be in a rush to hike rates again. 5th August 2026 · 2 mins read
RBA Watch RBA’s next move will be down, but not until H2 2027 We expect the RBA to leave rates on hold at its August meeting. Although the Bank is likely to continue talking tough on inflation for a while, we don’t think it will go so far as to raise rates again... 4th August 2026 · 8 mins read
Australia & New Zealand Rapid Response Australia Household Spending (Q2/June 2026) With headwinds to private consumption still looming, we doubt that the moderate pickup in household spending last quarter will move the needle for the RBA. Our base case remains that the Bank is done... 4th August 2026 · 2 mins read
Equities Update Indian equities to outperform amidst global AI sell-off We think that strong fundamentals and India’s lower exposure than many to AI stocks will lead the MSCI India to outperform all other markets over the next 18 months. 3rd August 2026 · 4 mins read
Capital Daily FX intervention, US-Iran pause (again), & US payrolls US economic policy has taken a strange turn but we think the underlying dynamism of the US economy and stock market will win out in the coming months. Events in the Strait of Hormuz continue to be... 3rd August 2026 · 5 mins read
Asia Economics Update PMIs point to strong growth and easing price pressures The early July data for Asia were generally encouraging. Manufacturing surveys remained upbeat and, together with another strong set of Korean trade figures, suggest that booming electronics exports... 3rd August 2026 · 2 mins read
Australia & New Zealand Chart Pack ANZ Chart Pack (August 2026) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Data released over the past month showed that Australia's labour market, housing market, and... 3rd August 2026 · 1 min read
Australia & New Zealand Economics Update Housing downturn will prevent further rate hikes Australian house prices kept falling at a rapid pace in July. With affordability still very stretched and leading indicators flashing red, the downturn has much further to run. 3rd August 2026 · 3 mins read
China Economics Weekly Chipmaking progress doesn’t change bigger picture While news this week that a Chinese firm has started to mass-produce advanced lithography machines is a momentous development for chipmaking in China, China's hardware lag is still significant. As a... 31st July 2026 · 5 mins read
Asia Economics Weekly BI independence concerns, SBP on hold Bank Indonesia Governor Perry Warjiyo’s surprise resignation at the start of the week has raised further concerns over central bank independence, but markets have remained calm given the appointment... 31st July 2026 · 6 mins read
