Japan Economics Update How could Japan respond to soaring bond yields? The recent increase in JGB yields has been driven by global rather than domestic factors and there are no signs that it is creating financial stress. The BoJ will accelerate its tightening cycle to... 1st September 2026 · 4 mins read
China Economics Update Presales overhaul won’t revive the housing market The recent overhaul of China’s housing presales system belatedly addresses some of the vulnerabilities that contributed to the country’s property downturn. But the changes only apply to new projects... 1st September 2026 · 5 mins read
Australia & New Zealand Economics Update Housing-market outlook hinges on the RBA Australian house prices continued to fall at a rapid pace in August. While we expect the pace of monthly declines to ease more noticeably in the months ahead, risks to this view have increased. If the... 1st September 2026 · 3 mins read
China Rapid Response China PMIs (Aug. 2026) The PMIs suggest growth partially reversed July’s sharp slowdown last month. Construction activity weakened amid continued typhoon disruptions, but manufacturing activity rebounded thanks to strong... 31st August 2026 (Updated 3rd September 2026) · 2 mins read
Asia Economics Weekly Malaysia on hold, BoK dot plot points to one more hike Inflation in Malaysia remains subdued despite rapid economic growth and the recent jump in global energy prices, so we expect Bank Negara Malaysia to leave rates unchanged on Thursday. In Korea, the... 28th August 2026 · 4 mins read
India Economics Weekly A further thawing in Sino-Indian relations Talks between India and China this week on demarcating and managing the disputed border in the Himalayas are the latest (small) steps in the thawing of that relationship over the past 18 months or so... 28th August 2026 · 3 mins read
China Economics Weekly PBOC leans against RMB gains, sanction risks limited The premium between the renminbi spot rate and the PBOC’s daily fix is now at its largest in over a decade, a sign that the central bank is becoming more resistant to further appreciation. The PBOC is... 28th August 2026 · 5 mins read
Japan Economics Weekly BoJ unwilling to toe government’s line The regular budget for FY2027 will probably include the largest increase in spending since the early 1990s. However, this partly reflects the government’s aim to incorporate spending previously... 28th August 2026 · 5 mins read
Australia & New Zealand Economics Weekly The risk of another RBA rate hike is growing This week’s firm inflation and household spending data have raised the risk that the RBA’s tightening cycle is not yet over. But the investment picture is more mixed, while softer labour and housing... 28th August 2026 · 5 mins read
China Chart Pack China Chart Pack (Aug. 2026) Our China Activity Proxy suggests that growth slowed sharply in July, reflecting disruptions to construction and industry from typhoons as well as the ongoing drag from weak fiscal spending. But... 28th August 2026 · 1 min read
Asia Rapid Response Philippines Interest Rate Announcement (Aug. 2026) 27th August 2026 · 2 mins read
Asia Economics Update Korea: end of hiking cycle in sight The Bank of Korea raised rates by a further 25bps (to 3.00%) today but stressed that the move was pre-emptive, while its latest dot plot pointed to only a gradual tightening cycle from here. We expect... 27th August 2026 · 3 mins read
Australia & New Zealand Rapid Response Australia Household Spending (July 2026) The strong pickup in household spending in July will likely reinforce the RBA’s hawkish bias, but our base case continues to be that it won’t go so far as to hike rates again. 27th August 2026 · 2 mins read
Bonds Update AI rally and oil prices to drive EM asset divergence While local-currency bonds in parts of LatAm and EM Europe may outperform those in Asia if oil prices fall, equities in those regions are likely to continue to lag their Asian peers as the AI rally... 26th August 2026 · 4 mins read
China Activity Monitor CAP: Extreme weather weighs on growth Our China Activity Proxy suggests that typhoons dealt a significant blow to activity in July, with both construction and industrial growth slowing sharply. The good news is that these disruptions... 26th August 2026 · 1 min read
