India Economics Focus India and foreign market access: opening the gates India is now home to some of the world’s largest financial markets, but foreign access remains limited. That will change over time as policymakers continue to liberalise the capital account, but it is... 29th July 2025 · 12 mins read
Global Markets Update Why another slump in superlong JGBs is not inevitable The recent rout in superlong JGBs mainly reflected waning demand from within Japan. Although that trend may not reverse because it is partly structural, we doubt the slump will continue for four... 28th July 2025 · 5 mins read
China Economics Weekly China Weekly: Mega-dam won’t power the economy, trade talks resume While the start of work on China's colossal new hydropower project in Tibet sent infrastructure stocks surging this week, construction won't do much to boost the economy. Meanwhile, US-China trade... 25th July 2025 · 7 mins read
Commodities Weekly Commodities Weekly: China “Mega Dam” context; tweaked OPEC assumptions China’s new “Mega Dam” project will obviously require huge amounts of raw material and will generate more renewable electricity than most countries. However, anyone hoping that the project will make a... 25th July 2025 · 4 mins read
Asia Economics Weekly Thai-Cambodia border clashes, more trade deals agreed Border clashes between Thailand and Cambodia have led to falls in Thai financial markets, but the broader economic fallout should be modest. Other risks, which include deflation, political uncertainty... 25th July 2025 · 9 mins read
India Economics Weekly India Weekly: Security concerns with China still trump all else President Trump’s tariff threats and public efforts to improve relations with Pakistan has fuelled increased commentary around whether India should attempt to improve its own relations with China as... 25th July 2025 · 4 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
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
