Commodities Focus How the AI race will reshape global energy markets Artificial intelligence’s share of global electricity consumption is set to at least double by 2030, to around 3% of the total, and could drive almost half of electricity consumption growth in the US... 21st July 2025 · 15 mins read
Climate Economics Update Trade truce lifts China’s green tech exports The US-China trade truce and rebound in US demand helped lift China’s New Three export volumes to a record high in June. Although the strength in green exports is vulnerable to renewed tariff... 21st July 2025 · 2 mins read
Asset Allocation Update What’s next for China’s financial markets? While trade and overcapacity related risks remain, we see a bright outlook for China’s equities. But we expect a more challenging path for its bonds and currency over the remainder of the year. 21st July 2025 · 4 mins read
Japan Economics Update LDP election defeat points to looser fiscal policy in Japan With Japan’s ruling coalition losing its majority in the Upper House, fiscal policy may be loosened over the coming months. However, we think that the outlook for monetary policy will be a more... 21st July 2025 · 4 mins read
China Economics Weekly China Weekly: Warmer US-China relations, foreigners staying away US-China relations are warming, with growing talk of a Xi-Trump summit and gestures of goodwill on both sides. Further de-escalation, including cooperation on fentanyl, could pave the way to a Phase... 18th July 2025 · 6 mins read
Asia Economics Weekly Asia Weekly: Lessons from the Indonesia and Vietnam trade deals With Indonesia joining Vietnam this week in securing a trade deal with the US, there are some important implications for the rest of the region. One is that the strength of a country’s negotiating... 18th July 2025 · 7 mins read
India Economics Weekly India Weekly: India hoping to seal a better US trade deal than Asian peers President Trump's comments this week that a trade deal with India is "close" but that it may be along the "same line" as the one announced with Indonesia on Wednesday raises the prospect that India... 18th July 2025 · 4 mins read
Asia Economics Update Taiwan’s legislature could flip behind the president Taiwan’s gridlocked government could secure a legislative majority and freedom to enact its policy goals if recall votes next week go its way. The immediate implications for the economy are limited –... 18th July 2025 · 4 mins read
Capital Daily Are fiscal concerns mounting again in Japan? We don’t think worries about Japan’s fiscal position are too severe, and expect the country’s equities and exchange rate, at least, to recover by the end of the year. 18th July 2025 · 4 mins read
Asia Rapid Response Malaysia GDP (Q2 2025, adv) GDP growth in Malaysia picked up during the second quarter but we expect this strength to fade and continue to expect the central bank to cut interest rates later this year. 18th July 2025 · 2 mins read
Asia Economics Update Will Indonesia breach its budget deficit limit? Indonesia’s government is cutting spending and considering new taxes as it tries to prevent the budget deficit breaching the 3% of GDP legal limit. An alternative for President Prabowo Subianto would... 18th July 2025 · 5 mins read
China Economics Update Urban redevelopment plans don’t tick stimulus box This week’s Central Urban Work Conference didn’t deliver the revival of the shantytown redevelopment scheme that helped stabilise China’s housing market a decade ago and that some had been hoping for... 18th July 2025 · 4 mins read
Japan Economics Weekly Japan Weekly: BoJ can’t shrug off strong inflation for much longer The resilience of exports and the strength in inflation leave the case for tighter monetary policy intact. Nonetheless, with trade negotiations between the US and Japan seemingly at a dead end, the... 18th July 2025 · 4 mins read
Japan Rapid Response Japan Consumer Prices (June 2025) Underlying inflation remains elevated and is almost certain to overshoot the Bank of Japan’s forecasts. However, with trade tensions looming large over the economy, the risk remains that the BoJ will... 18th July 2025 · 2 mins read
Event Drop-In: Is the US–Asia trade map being redrawn? 1753776000 President Trump’s flurry of new trade deals with Asian economies is starting to reshape the region’s trade architecture.
Japan Rapid Response Japan External Trade (June 25) While overall exports are still holding up well, those to the US are plunging and we think soft global demand will result in a further decline over the coming quarters 17th July 2025 · 2 mins read
