Japan Economics Update Bank of Japan will hike rates once more in July The Bank of Japan is getting more confident in meeting its inflation target on a sustained basis and signalled that inflation wouldn’t have to overshoot for policy to be tightened further. Nonetheless... 26th April 2024 · 3 mins read
Japan Economics Weekly BoJ’s confidence in sustained 2% inflation growing With pay hikes becoming increasingly widespread, the Bank of Japan is becoming more confident that it can meet its inflation target on a sustained basis. But with underlying inflation now clearly... 26th April 2024 · 5 mins read
Japan Economics Update Plunge in Tokyo inflation won’t prevent BoJ tightening The plunge in inflation in Tokyo in April was mostly due to a sharp fall in high school tuition fees and the provision of free school meals. The impact of those policy changes on nationwide inflation... 26th April 2024 · 3 mins read
Australia & New Zealand Economics Weekly RBA more likely to hike than not The case for the RBA to tighten policy is growing increasingly compelling. Underlying inflation is all but certain to overshoot its current forecast. Services inflation, which has long been a concern... 26th April 2024 · 5 mins read
US Employment Report Preview Employment growth to slow The fading of weather-related support and broader evidence of easing labour demand lead us to expect a smaller 200,000 rise in non-farm payrolls in April. We expect the unemployment rate to be... 25th April 2024 · 3 mins read
UK Economics Update Looser labour market may reduce foreign-born employment Foreign-born workers have been entirely responsible for the post-pandemic recovery in employment. But a gradual rise in labour market participation and a moderation in net migration may mean the share... 25th April 2024 · 5 mins read
US Housing Market Update What later Fed rate cuts mean for the housing market A later start to Fed rate cuts than we anticipated will push the fall in mortgage rates and recovery in activity into the second half of the year. But as we think that the Fed Funds rate will... 25th April 2024 · 3 mins read
London Housing Markets Chart Pack London Housing Chart Pack (Q2 2024) House price growth in London remains negative according to the ONS, but timelier measures of house prices and sentiment suggest that activity has picked up and prices are regaining momentum. The... 25th April 2024 · 1 min read
US Fed Watch Cuts delayed rather than cancelled The recent run of stronger inflation and activity data has unsurprisingly shaken the Fed’s confidence that inflation is on track to return to the 2% target. In that environment, we expect the May FOMC... 24th April 2024 · 5 mins read
Europe Rapid Response Germany Ifo Survey (April 2024) The rise in the German Ifo in April, together with the jump in the Composite PMI in the same month, suggests that the German economy may be past the worst. But, unlike the PMI, the Ifo remained in... 24th April 2024 · 2 mins read
Japan Chart Pack Japan Chart Pack (Apr. 2024) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. (Please ignore the previous email which linked to the February Chart Pack) The latest activity data... 24th April 2024 · 1 min read
Australia & New Zealand Rapid Response Australia Consumer Prices (Q1 2024) With price pressures proving inordinately resilient, there is little scope for the Reserve Bank of Australia to start loosening policy in the near future. 24th April 2024 · 2 mins read