China Activity Monitor CAP: Official figures still overstating growth Our China Activity Proxy suggests that growth picked up last quarter, with the services sector seeing particularly strong gains on the back of strong financial sector activity. And industrial activity... 29th October 2025 · 1 min read
RBA Watch RBA will remain on hiatus until Q3 2026 The RBA will leave its cash rate unchanged at 3.6% on 4th November. And with inflation proving stubborn, the Bank is likely to remain on hold until the second half of next year. That said, a prolonged... 29th October 2025 · 8 mins read
India Economics Update AI offers several upsides to India despite BPO disruption Recent lay-off announcements from several major IT firms in response to advances in artificial intelligence (AI) offer a stark glimpse of the technology’s potential to disrupt India’s business process... 29th October 2025 · 4 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q3 2025) With inflation vastly overshooting the RBA’s forecasts, the Bank won’t cut interest rates at its November meeting and the chances that it won’t loosen policy any further are rising. 29th October 2025 · 2 mins read
Capital Daily Takaichi, Bessent and the yen tug of war The Japanese yen has rebounded a bit today on the back of US Treasury Secretary Bessent’s latest foray into verbal currency intervention (this time in favour of the yen), but it remains near its... 28th October 2025 · 5 mins read
Emerging Markets Economics Update China is no longer an EM outperformer China’s economy has grown faster than other EMs in aggregate every year outside of the pandemic so far this century. But that run is now coming to an end and we expect growth on our China Activity... 28th October 2025 · 3 mins read
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
