Asia Rapid Response Philippines Monetary Policy Announcement (October) 9th October 2025 · 2 mins read
Japan Economics Update Rare budget surplus within reach Japan may record a rare budget surplus this year which means that the incoming PM has more fiscal leeway than is generally acknowledged. However, as that improvement won’t be confirmed until late-2026... 9th October 2025 · 3 mins read
Asia Economics Update Philippines and the risks from the corruption scandal The ongoing investigation into corruption in the Philippines brings the risk of further protests over the coming months. So long as any unrest is limited in scale and duration, the economic and... 8th October 2025 · 6 mins read
Capital Daily NZD may have hit its low, but we see downside elsewhere The RBNZ today dealt the New Zealand dollar another blow, but we think it will recover before long and that the Australian dollar will stop falling. The same can’t be said, though, for the European... 8th October 2025 · 4 mins read
Japan Chart Pack Japan Chart Pack (Oct. 2025) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. GDP growth will slow from its current above-trend rate to a more sustainable pace. However, with... 8th October 2025 · 1 min read
Japan Economics Update Bank of Japan will delay rate hike until January While the economic case for tighter monetary policy remains intact, we suspect that the Bank of Japan will use the pressure by Japan’s incoming government as an opportunity to delay rate hikes until... 8th October 2025 · 4 mins read
Australia & New Zealand Rapid Response RBNZ Meeting (October 25) The RBNZ signalled that further reductions are on the cards when it slashed the overnight cash rate by 50bp today and we think it will eventually lower rates to 2.25%. 8th October 2025 · 2 mins read
APAC Commercial Property Update China's office market weakness to persist through 2027 Mainland China’s office market has been in a prolonged downturn since 2018 as structural headwinds, including weak economic growth, cautious corporate hiring, and rampant new supply have kept vacancy... 8th October 2025 · 4 mins read
Japan Rapid Response Japan Labour Cash Earnings (Aug. 25) The sharp slowdown in wage growth in August largely reflects the end of the summer bonus season and regular earnings growth seems to be settling around 2%-2.5%. 8th October 2025 · 2 mins read
Capital Daily What to make of the latest bond market mess While long-term government bond yields have stabilised today, political developments in France and Japan over recent days highlight how fiscal uncertainty continues to put upward pressure on long-term... 7th October 2025 · 4 mins read
India Economics Update Why the Bihar state election matters The state election in Bihar in November will be the first since the deterioration in relations between India and the US. Bihar also happens to be one of India’s most agrarian states. A strong... 7th October 2025 · 3 mins read
Australia & New Zealand Economics Update New Zealand’s underperformance won’t last The prolonged underperformance of New Zealand’s economy has contributed to the Kiwi dollar being the worst-performing G10 currency last month, even as the Australian dollar was the best-performer... 7th October 2025 · 4 mins read
Japan Economics Update Japan’s profitability will continue to lag the US An improvement in corporate governance is a key reason behind the structural pick-up in corporate profit margins over the past two decades. However, even if corporate governance was improved further... 7th October 2025 · 4 mins read
Capital Daily Future looks bright for Japan’s stock market even if yen rebounds The slump in the yen that accompanied Sanae Takaichi’s unexpected victory in Saturday’s LDP leadership election helps to explain why the stock market in Japan soared on Monday. But there are other... 6th October 2025 · 5 mins read
Asia Economics Update Time to worry about political stability in Asia? Political protests have surged across Asia this year, fuelled by frustration with corruption, inequality, and job insecurity. While the immediate economic and market impact is likely to be limited, a... 6th October 2025 · 4 mins read
