Australia & New Zealand Economics Weekly ANZ Weekly: RBA’s gradualism poses upside risks to rates The minutes of the RBA's July meeting showed that the Board remains reluctant to declare victory in the war on inflation – a sentiment reiterated by Governor Bullock in a speech this week. We suspect... 25th July 2025 · 5 mins read
Japan Economics Weekly Japan Weekly: Trade deal strengthens case for further BoJ tightening Japan managed to secure a reduction in US vehicle tariffs with minimal concessions of its own. While that could eventually prompt Trump to renege on his promises, as things stand the trade deal has... 25th July 2025 · 5 mins read
Global Economics Focus The causes of fiscal crises and their economic impact History shows that there are no debt or deficit thresholds beyond which a fiscal crisis is inevitable. Rather, crises stem from a mix of high debt, poor debt dynamics, and weak fiscal credibility... 24th July 2025 · 26 mins read
Global Commercial Property Update Global CRE to outperform other assets Although a forecast global real estate return of sub-6% p.a. over the next decade appears disappointing, compared to other assets it stacks up well. We expect sub-4% total returns for both global... 24th July 2025 · 4 mins read
China Activity Monitor CAP: Growth slows in Q2 despite resilient industry Our China Activity Proxy shows that China’s activity growth remains well below what official figures suggest. While industrial activity has held up surprisingly well in the face of US tariffs, the... 24th July 2025 · 1 min read
India Chart Pack India Chart Pack (July 2025) Our India Chart Pack has been updated with the latest data and our analysis of recent developments. India’s economy has had a strong first half of the year and is poised to grow by 7% in both 2025 and... 24th July 2025 · 1 min read
Australia & New Zealand Chart Pack ANZ Chart Pack (July 2025) Our ANZ Chart Pack has been updated with the latest data and our analysis of recent developments. Australia’s economy is struggling to gain momentum, while the recent rebound in activity in New... 24th July 2025 · 1 min read
Japan Economics Update Your questions on Japan answered We held an online Drop-In session yesterday to discuss the latest developments in Japan’s economy and financial markets. This Update answers several of the questions that we received. 24th July 2025 · 7 mins read
Bank of Japan Watch October rate hike looking increasingly likely The trade deal agreed upon between the US and Japan has removed a key downside risk and the Bank of Japan will probably present a more upbeat assessment of the economic outlook at next week's meeting... 24th July 2025 · 8 mins read
Event Drop-In: Is the US–Asia trade map being redrawn? 29th July 2025, 9:00AM BST President Trump’s flurry of new trade deals with Asian economies is starting to reshape the region’s trade architecture.
China Economics Update China won’t loosen its grip on critical mineral exports While China’s June trade data showed a pick-up in exports of rare earth elements (REEs), shipments remain well below pre-Liberation Day levels. A further warming of relations with the US could lead to... 23rd July 2025 · 3 mins read
Japan Chart Pack Japan Chart Pack (July 2025) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. Japan’s economy has largely shrugged off global trade tensions and the trade deal reached between... 23rd July 2025 · 1 min read
Capital Daily First thoughts on the market implications of Japan’s “deal” We think Japan’s equities will do well over the rest of this year, even accounting for their big rally today, and that the yen will recover in time. But, the trade announcement looks like worse news... 23rd July 2025 · 4 mins read
Japan Rapid Response Trade deal points to resumption of BoJ tightening cycle this year The trade deal with the US announced today removes a key downside risk to Japan’s economy. And while the potential resignation of PM Ishiba creates political risks, our conviction that the Bank of... 23rd July 2025 · 2 mins read
