Japan Rapid Response Japan Labour Market (Oct. 25) & Tokyo CPI (Nov. 25) With the labour market still tight and inflation excluding fresh food and energy set to remain above 3% for now, the Bank of Japan will resume its tightening cycle over the next couple of months. 27th November 2025 · 2 mins read
China Chart Pack China Chart Pack (Nov. 25) China's economy slowed in October, driven by weaker services sector activity. And the rebound in the trade-weighted exchange rate looks to have weighed on exports, which contracted in y/y terms. We... 27th November 2025 · 0 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Nov. 2025) Capital outflows from EMs have picked up over the past month, particularly from Asian equity markets which may reflect the broader drop in tech stocks globally. But the scale of outflows is limited... 27th November 2025 · 0 mins read
RBI Watch RBI poised to restart easing cycle The drop in inflation to a multi-decade low ought to outweigh concerns about the weakness of the rupee, and leaves the door open for the RBI to resume its easing cycle at the conclusion of the MPC... 27th November 2025 · 6 mins read
Asia Economics Update Korea: central bank to resume easing cycle next year Korea’s central bank today left interest rates unchanged at 2.5%, and the hawkish comments from Governor Rhee at the press conference appear to rule out any chance of a rate cut in the next few months... 27th November 2025 · 3 mins read
Capital Daily Could intervention turn the yen and the won around? We think the Japanese yen and the Korean won will rally against the US dollar next year regardless of any FX intervention, although it would help. 27th November 2025 · 3 mins read
China Activity Monitor CAP: Growth slows, but industry still going strong Our China Activity Proxy suggests that growth slowed last month on the back of weaker growth in services activity. And, despite October’s export slowdown, the industrial sector remained resilient... 26th November 2025 · 1 min read
Australia & New Zealand Economics Update The case for a prolonged pause by the RBNZ The RBNZ has signalled its easing cycle is over and that policy normalisation could be on the agenda as soon as mid-2027. However, it is assuming that spare capacity will diminish much more rapidly... 26th November 2025 · 3 mins read
India Economics Update A more formal, more flexible labour market Sweeping labour market reforms in India have been overshadowed by haphazard implementation and will raise compliance cost for firms in the near term. But once the dust settles, several new measures... 26th November 2025 · 3 mins read
India Chart Pack India Chart Pack (November 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... 26th November 2025 · 1 min read
Australia & New Zealand Economics Update RBNZ done cutting, but no hikes before H2 2027 In line with our long-held forecast, the Reserve Bank of New Zealand cut rates to 2.25% at its meeting today and signalled that its easing cycle has now come to an end. As the recovery gains traction... 26th November 2025 · 3 mins read
Australia & New Zealand Rapid Response Australia Consumer Prices (Oct. 2025) With inflationary pressures continuing to strengthen at the start of the quarter, there is little chance that rate cuts will be on the RBA’s agenda anytime soon. 26th November 2025 · 2 mins read
Emerging Markets Economics Update Default risks easing, but simmering fiscal problems in some EMs The incidence of sovereign debt distress has declined sharply across the EM world and is now back to pre-pandemic levels. But our EM Financial Risk Indicators suggest that several countries are still... 25th November 2025 · 3 mins read
Asia Chart Pack Asia Chart Pack (November 2025) Our Asia Chart Pack has been updated with our latest forecasts and calls to reflect key developments across the region. We are holding an online event this Thursday examining what Artificial... 25th November 2025 · 0 mins read
