Australia & New Zealand Rapid Response RBNZ Meeting (July 2026) As expected, the RBNZ kicked off its tightening cycle with a 25bp hike today. Its messaging broadly comports with our view that rates will rise gradually to a peak of 3.25% next year. 8th July 2026 · 2 mins read
India Economics Update AI, the data centre build out and India’s economy Much of the discourse on the impact of artificial intelligence (AI) on India’s economy is framed around the disruption to the services sector, but AI also requires a large amount of investment in... 7th July 2026 · 3 mins read
Asia Economics Update From energy to food: El Niño reshapes inflation risks Despite easing energy-driven inflation pressures, central banks in Asia are unlikely to rush to unwind recent rate hikes given the growing upside risks to food inflation from El Niño. 7th July 2026 · 3 mins read
Japan Rapid Response Japan Labour Cash Earnings (May 2026) The slowdown in wage growth in May is unlikely to deter the Bank of Japan from tightening policy further in the months ahead. 7th July 2026 · 1 min read
Japan Economics Update 10-year JGB yield will climb to 3% before long The latest available data are consistent with our long-held view that Japan’s budget deficit has narrowed far more rapidly than many thought. Nonetheless, with the BoJ set to lift interest rates to 2%... 6th July 2026 · 3 mins read
China Economics Weekly US-China AI competition continues to heat up This week’s reversal of US export controls on Anthropic’s most powerful AI models appears to have been partly motivated by the recent release of GLM-5.2, a highly competitive alternative that is... 3rd July 2026 · 6 mins read
Asia Economics Weekly Strong growth in Vietnam as exports offset oil drag GDP figures published today show that Vietnam has brushed off the impact of the Iran war and the energy price shock, with growth unexpectedly accelerating on the back of strong exports. Although the... 3rd July 2026 · 5 mins read
India Economics Weekly Weak monsoon impact not only limited to agriculture India has just recorded its driest June in over a decade and that may prove a harbinger for the rest of the monsoon season on account of El Niño weather conditions. Deficient rain is already affecting... 3rd July 2026 · 3 mins read
Australia & New Zealand Economics Weekly Capacity pressures to persist despite housing weakness This week’s data will likely have reinforced the RBA’s view that tighter financial conditions are weighing on the housing market. But we doubt that housing wealth effects will push consumption much... 3rd July 2026 · 4 mins read
Japan Economics Weekly BoJ will have to respond to stronger inflation The latest Tankan survey showed that output prices hit a record high, driven by the influence of higher energy costs on upstream industries. While higher input costs will be passed on to consumers... 3rd July 2026 · 4 mins read
Japan Economics Update Weaker yen should lift inflation before long While any boost from higher energy costs to consumer prices will be short-lived, the continued weakening of the yen will provide a more longer lasting boost to consumer prices in Japan. Accordingly... 1st July 2026 · 3 mins read
Australia & New Zealand Economics Update Australia’s housing downturn has further to run Australian house prices continued to decline in June, and we think they won’t bottom out until early next year. Although much ink has been spilt about recent housing tax changes, they have yet to have... 1st July 2026 · 3 mins read
Australia & New Zealand Economics Update RBNZ set to hike, but it will be a close-run thing We expect the RBNZ to begin its tightening cycle next week with a 25bp hike. With firms’ pricing intentions elevated, the Bank will want to guard against higher near-term inflation becoming embedded... 1st July 2026 · 6 mins read
Capital Daily What to make of the never-ending “yentervention” cycle With the USD/JPY rate edging its way through another “line in the sand”, a further round of intervention from the Japanese authorities may well be in the offing. As the past few years have... 30th June 2026 · 5 mins read
Asia Chart Pack Asia Chart Pack (June 2026) Asia seems to have largely brushed off the impact of the energy price shock, and most economies look set to record solid growth this year, helped by very strong demand for AI-related products, which... 30th June 2026 · 0 mins read
