Emerging Markets Economics Chart Pack Emerging Markets Chart Pack (May 2025) The early evidence suggests that EM exports have held up well, despite higher US tariffs. That’s partly because exporters have front-loaded shipments to the US or have avoided high tariffs via third... 28th May 2025 · 1 min read
China Activity Monitor CAP: Tariffs start to drag on China’s growth Our China Activity Proxy suggests that the economy’s growth slowed in April. But, so far, US tariffs seem to have had a bigger impact on consumer sentiment than industrial activity, with rerouting and... 28th May 2025 · 1 min read
India Economics Update India will leave Japan (and Germany) trailing in its wake Debate around whether or not India’s economy has surpassed Japan’s in size is raging, but the big picture is that India was always going to overtake Japan – and also Germany – given its positive... 28th May 2025 · 3 mins read
Capital Daily More thoughts on the JGB drama, and what it means for the world Despite all of the debt and deficit news out of the US, the spotlight in ultra-long bond markets has increasingly been focused on Japan. The surge in yields there last week seems to have sparked a... 28th May 2025 · 4 mins read
Japan Economics Update Wage growth stronger than official data suggest The bulk of the evidence suggests that the recent sharp slowdown in regular earnings growth is a statistical anomaly rather than genuine. With this year’s spring wage negotiations resulting in the... 27th May 2025 · 3 mins read
India Economics Weekly India Weekly: Windfall for the Finance Ministry, flash PMIs, Q1 GDP The RBI's bumper dividend transfer announced today gives the Finance Ministry a bit of breathing room as spending pressure mounts. Next week, we expect to learn that the economy maintained a... 23rd May 2025 · 4 mins read
China Economics Weekly China Weekly: Exports still holding up, but online retailers under fire Chinese exports have held up surprisingly well in the face of US tariffs, with exports to other markets helping to offset the fall in shipments to the US. But there are signs that other countries are... 23rd May 2025 · 5 mins read
Asia Economics Weekly Asia Weekly: MAS and CBSL to loosen monetary policy further Data published earlier this week confirmed that Singapore’s economy contracted in the first quarter of the year. And with inflationary pressures very low, we expect the central bank to loosen policy... 23rd May 2025 · 6 mins read
Capital Daily The JGB sell-off isn’t as worrisome as it might seem We think the yields of Japanese government bonds will continue to rise, but because of BoJ hikes rather than concerns about fiscal sustainability. 23rd May 2025 · 4 mins read
Japan Economics Weekly Japan Weekly: Greek fiscal comparison is wide of the mark PM Ishiba this week rebuffed calls for tax cuts ahead of July’s Upper House election by arguing that Japan’s fiscal situation is worse than Greece’s. Even though Japan’s government debt is higher... 23rd May 2025 · 5 mins read
India Chart Pack India Chart Pack (May 2025) India’s economy is emerging from its soft patch. Headline CPI inflation should remain close to the RBI’s 4% target over the coming months, enabling the central bank to continue easing monetary policy... 22nd May 2025 · 1 min read
Asia Chart Pack Asia Chart Pack (May 2025) Our Asia Chart Pack has been updated with the latest data and our analysis of recent developments. Trump’s 90-day pause on reciprocal tariffs offers welcome breathing room for Asia (outside China) and... 22nd May 2025 · 0 mins read
Japan Rapid Response Japan Flash PMIs (May 25) The ongoing weakness in activity, coupled with softer price pressures, will keep the Bank of Japan in wait and watch mode in the near term. 22nd May 2025 · 2 mins read
Asia Economics Focus Korea: trade deal, fiscal stimulus priorities for next president Given the widespread public anger toward the impeached former president Yoon Suk Yeol of the People’s Power Party (PPP), following his botched attempt at declaring martial law, Lee Jae-myung of the... 21st May 2025 · 12 mins read
