Global Commercial Property Update Key themes for global commercial real estate in 2026 As the new year approaches, we are highlighting the key themes that we think will set the overarching narrative for global commercial real estate in 2026. 5th December 2025 · 4 mins read
China Economics Weekly Leadership signals fiscal priorities for 2026 Improving the allocation of fiscal spending, rather than significantly increasing the scale, looks set to be the government's priority going into next year. That's something that's clearly needed –... 5th December 2025 · 7 mins read
India Economics Weekly Rupee at 90/$; what next? The Indian rupee breached 90/$ for the first time ever this week and we think further, albeit gradual, depreciation lies in store over the coming quarters. We now expect the rupee to end next year at... 5th December 2025 · 4 mins read
Asia Economics Weekly Asian easing cycles have further to run Tropical storms have caused disruption in Southeast Asia but should have only a modest economic impact and won’t sway upcoming policy meetings. GDP growth in the Philippines has slowed sharply as a... 5th December 2025 · 5 mins read
India Economics Update RBI resumes easing cycle; one more rate cut to come The Reserve Bank of India (RBI) today resumed its easing cycle and struck a fairly dovish tone. With inflation set to stay well-below target and growth set to ease over the coming quarters, we remain... 5th December 2025 · 3 mins read
Japan Economics Weekly 10-year JGB yield set to reach 30-year high In the wake of the BoJ signaling a rate hike at its December meeting, the 10-year JGB yield has approached 2% and we think it will climb to a 30-year high of 2.5% over the next couple of years. We... 5th December 2025 · 5 mins read
Asset Allocation Update Three reasons to be positive on Japan’s markets Although they’ve struggled lately, we think the yen and Japanese equities will fare well next year, and that JGBs will outperform many other developed-market bonds in common-currency terms too. 4th December 2025 · 4 mins read
Asia Economics Update Assessing the economic impact from recent typhoons Large parts of South and South East Asia have been hit hard by tropical storms in recent weeks, causing significant loss of life and widespread disruption. The human cost is tragic. Economically... 3rd December 2025 · 3 mins read
Asia Economics Focus Taiwan’s economy to keep flying in 2026 Taiwan is on course to record GDP growth of over 7% this year and our forecast for the economy to expand by another 5% next year lies well above the consensus. Rapid growth in exports of AI-related... 2nd December 2025 · 8 mins read
Capital Daily BoJ hikes not a threat to global markets The prospect of the Bank of Japan resuming its hiking cycle a bit sooner than previously thought has sent tremors through global bond and equity markets this week, but we suspect they could... 2nd December 2025 · 4 mins read
Japan Economic Outlook BoJ will bring rates close to neutral by 2027 The economy will continue to grow at a healthy pace, which should ensure that the labour market remains very tight. While energy subsidies and falling crude oil prices will weigh on headline inflation... 2nd December 2025 · 17 mins read
APAC Commercial Property Outlook Narrow yield spreads to limit size and speed of the recovery Asia-Pacific property faces a slow, uneven recovery as high risk-free rates and weak growth limit investment demand and therefore, prospects for yield-driven capital gains. Spreads over risk-free... 2nd December 2025 · 18 mins read
Equities Focus EM equities rally to lose some steam outside of Asia We forecast emerging market equities to post solid returns in 2026, although not on the same scale as the exceptional gains seen this year. We expect the biggest returns in EM Asia as the AI boom... 1st December 2025 · 11 mins read
China Economics Update Six non-consensus calls for China for 2026 Almost everyone expects real economic growth in China to slow next year. But most forecasters think the picture will brighten in nominal terms thanks to a rebound in inflation and a bottoming out of... 1st December 2025 · 8 mins read
Japan Economics Update Resilience of profits adds to case for tighter policy With corporate profits hitting fresh record highs, the BoJ’s concern that US tariffs will provide a major headwind to business investment and wage growth looks increasingly overdone. To be sure... 1st December 2025 · 3 mins read
