Japan Economics Update What can Japan do to stem the rise of the yen? There is little that the Japanese government can do to engineer a fundamental shift in sentiment towards the yen, which is being driven by developments elsewhere. A change in rhetoric from the Bank of... 25th August 2010 · 1 min read
Europe Commercial Property Update Hungarian retail yield recovery may prove premature The recent sharp fall in Hungarian prime retail yields is encouraging. However, we suspect that the recovery may have got ahead of itself. In our view, the very weak consumer outlook and the potential... 25th August 2010 · 1 min read
Global Economics Update How big an inflation threat are rising food prices? Rising food prices will put some further upward pressure on headline inflation in the US and Europe, but the impact should be smaller than during the 2007/08 shock, and just as temporary. The picture... 25th August 2010 · 1 min read
Latin America Economics Update Brazil: current account financing becoming a concern 25th August 2010 · 1 min read
Asia Economics Update More Bank of Thailand tightening on the way The Bank of Thailand (BoT) raised its policy rate by 25bp to 1.75% today, as expected. The economy has shrugged off the political crisis and domestic demand should improve even as exports slow. The... 25th August 2010 · 1 min read
Europe Economics Focus Can Spain take the pain? Markets may have become more confident that Spain can get its public finances under control. But if Spain is to restore external balance within the euro-zone, it may have to accept a decade of... 25th August 2010 · 1 min read
Europe Data Response German Ifo Survey (Aug.) August’s rise in the German Ifo is good news after falls in some of the other surveys lately. But the slight decline in expectations highlights concerns for the future. 25th August 2010 · 1 min read
UK Commercial Property Chart Pack The plateau for capital values has arrived (Sep 10) Data on the economy over the past month showed that the labour market continues to enjoy a rebound, with unemployment falling by about 50,000 over the past three months. However, we expect public... 25th August 2010 · 1 min read
Japan Data Response External Trade (Jul 10) Japan's July trade data confirm that the surge in the yen is hurting export revenues. Nonetheless, export volumes still picked up again at the start of the third quarter. Imports have also slowed... 25th August 2010 · 1 min read
Asia Chart Pack Asia's slowdown should not be feared (Aug 10) Economic growth across Emerging Asia eased in Q2 and in July, as the global upswing lost momentum and domestic policies tightened. Nevertheless, private sector domestic demand is well placed to... 24th August 2010 · 1 min read
