Australia & New Zealand Rapid Response Australia Labour Market (Dec. 2025) Given the renewed tightening in the labour market in December, the Reserve Bank of Australia is all but certain to pull the trigger on a rate hike at its meeting next month. 22nd January 2026 · 2 mins read
Asset Allocation Update How big is the threat to global markets from JGBs? Although further weakness in JGBs might have implications for financial markets outside Japan, we doubt the global fallout would be large for four reasons. 21st January 2026 · 5 mins read
Event Asia Drop-In: Indonesia's weakening policy guardrails – An update on macro and market risks 27th January 2026, 8:00AM GMT Concerns about the direction of policymaking in Indonesia have intensified since President Prabowo took office in late-2024.
Event Japan Drop-In: Takaichi’s election gamble – Fiscal risks, market consequences 9th February 2026, 8:00AM GMT Our Japan economists were online the day after the election to analyse the results, explore what they mean for Japan’s fiscal and monetary balance, and discuss the implications for Ja
India Chart Pack India Chart Pack (January 2026) After a very strong 2025, economic growth in India is likely to ease in 2026 in the face of punitive US tariffs. However, India will remain a relative bright spot in the global economy, thanks to... 21st January 2026 · 1 min read
Asia Rapid Response Indonesia Interest Rate Announcement (Jan. 2026) Recent falls in the rupiah prompted Bank Indonesia to leave its benchmark interest rate on hold at 4.75% for a fourth consecutive meeting today. The decision will ease fears, for now at least, that BI... 21st January 2026 · 2 mins read
Japan Economics Update How would Japan respond to a further surge in yields? Should JGB yields continue to surge, PM Takaichi may be forced to offset some of the expansionary fiscal measures announced recently with tightening elsewhere. However, those moves may not be seen as... 21st January 2026 · 4 mins read
APAC Commercial Property Update Korea logistics will find momentum as supply pressure fades Korea’s logistics looks to be turning a corner, with net absorption comfortably outpacing new supply in 2025 and over the next few years. That will underpin rent growth averaging 2.5% p.a. over the... 21st January 2026 · 3 mins read
Capital Daily Could markets prompt Trump to change his plans for Greenland? The latest triple sell-off in US equities, Treasuries, and the dollar would probably have to become much larger before the ‘guardrails’ of the financial markets prompted Donald Trump to change his... 20th January 2026 · 4 mins read
Asia Economics Update Indonesia’s policymaking concerns back in the spotlight The credibility of policymaking in Indonesia has been dealt a fresh blow at the start of 2026. It will take time for the more pernicious effects of populist and interventionist policies under... 20th January 2026 · 4 mins read
India Economics Focus What to expect from India’s Union Budget Finance Minister Nirmala Sitharaman will be keen to demonstrate continued fiscal restraint when she delivers her ninth Union Budget on Sunday 1st February. But the current political backdrop is not... 20th January 2026 · 9 mins read
China Rapid Response China GDP (Q4) & Activity (Dec. 2025) Although full-year growth came in at 5.0% y/y, in line with the government’s target, we estimate that the actual pace of economic expansion was at least 1.5%-pts weaker. The December activity data... 19th January 2026 · 3 mins read
Japan Economics Update Is PM Takaichi creating her own Liz Truss moment? Our base case remains that Japan will avoid a fiscal crisis as its public debt dynamics are more favourable than is widely understood. However, there are mounting risks that PM Takaichi will only rein... 19th January 2026 · 4 mins read
Capital Daily Some more thoughts on the yen’s puzzling weakness Although the yen has recovered a bit of ground against the dollar in the past few days, its prior weakness remains something of a puzzle. 16th January 2026 · 6 mins read
China Economics Weekly Breaking down China’s record trade surplus China’s trade surplus hit 1% of global GDP last year, a new record. This was made possible by reorientating trade toward non-U.S. markets, especially ASEAN but also Europe and Africa. It also involved... 16th January 2026 · 7 mins read
