China Rapid Response China Merchandise Trade (Apr. 2025) Export growth slowed by less than most had anticipated in April, as the drop in export orders from the US is taking time to feed through to actual shipments and many exporters are also finding ways... 9th May 2025 · 3 mins read
Japan Economics Weekly Japan Weekly: Weakness in wage growth probably not genuine While the trade deal agreed between the UK and the US this week sets an encouraging precedent, there are no signs of progress in the talks between Japan and the US. Meanwhile, the recent slump in... 9th May 2025 · 5 mins read
Australia & New Zealand Economics Weekly ANZ Weekly: RBA to keep calm even as waters grow choppy At first glance, it would seem that downside risks to activity and inflation are growing in Australia. The ABS' household spending indicator suggests that consumer spending slowed to a halt in Q1... 9th May 2025 · 6 mins read
Emerging Markets Economics Update EM trade is performing well, but surveys look worrying The trade data available for March and April suggest that a large number of EMs have benefitted from a front-running of tariffs in recent months, particularly those across Asia (Taiwan, Vietnam and... 8th May 2025 · 4 mins read
Australia & New Zealand Economics Update Australia's soaring gold exports won’t prevent mining demise Around half of the recent surge in gold exports reflects soaring prices. While the latter may encourage mining firms to expand output, it will probably take years for gold production to return to its... 8th May 2025 · 3 mins read
Capital Daily Market implications of China’s monetary loosening We expect government bonds in China to continue to perform well against a backdrop of looser monetary policy, but suspect its currency won’t depreciate as much against the greenback as we had... 7th May 2025 · 4 mins read
Asia Economics Update Kashmir: old tensions in a new geopolitical context If limited just to Kashmir, a period of fighting between Pakistani and Indian forces would have a small impact on the economy of either country. Pakistan would have more to lose than India from a... 7th May 2025 · 3 mins read
China Economics Update Gauging the fallout in China’s labour market Chinese policymakers will probably find ways to keep the published unemployment rate close to their “around 5.5%” target for this year. But this may mask broader weakness in the labour market as a... 7th May 2025 · 5 mins read
China Economics Update Monetary easing alone won’t cut it Chinese policymakers have announced a raft of new monetary easing measures. These will help to shore up growth at the margin. But any boost to credit demand will be modest and today’s moves are no... 7th May 2025 · 3 mins read
Australia & New Zealand Rapid Response New Zealand Labour Market (Q1 2025) 7th May 2025 · 2 mins read
Asia Economics Update Vietnam seems to be riding the tariff wave again Early signs are that Vietnam is doing well as US buyers look to find alternative suppliers outside China. 6th May 2025 · 3 mins read
Capital Daily What to make of the drama in Asian FX We see a few reasons to be sceptical about the chances of a broad-based upwards revaluation of Asian currencies, despite recent moves. 6th May 2025 · 4 mins read
Japan Economics Update Could a stronger yen thwart further BoJ tightening? In current circumstances it would take a large strengthening of the yen to push inflation below the Bank of Japan’s 2% target. And with profit margins close to record highs, the hit from a stronger... 6th May 2025 · 4 mins read
