Asia Economics Weekly Thai deflation risks GDP growth in Vietnam held firm at 8.2% y/y in Q3, underpinned by resilient exports despite the 20% US tariffs introduced in August. The strength of the export sector likely reflects increased re... 10th October 2025 · 6 mins read
India Economics Weekly Trade deals back in focus The flurry of activity around bilateral trade deals this week highlights the shift to a more liberal approach among Indian policymakers. Politically-sensitive sectors such as agriculture will probably... 10th October 2025 · 5 mins read
Japan Economics Weekly Fiscal uncertainty adds to case for BoJ inaction Sanae Takaichi won Saturday’s LDP leadership elections but is struggling to gather enough support in parliament to become PM as long-standing partner Komeito has threatened to abandon the coalition... 10th October 2025 · 4 mins read
Asset Allocation Update We’re now less upbeat on the yen, more on the TOPIX We now think the yen will appreciate a bit more slowly against the US dollar than we’d previously forecast, but we’re revising up our projections for Japan’s stock market. 10th October 2025 · 5 mins read
China Economics Update China tightens its grip on rare earths (again) China has substantially expanded its rare earth export controls – these now apply not only to a wider range of elements and magnets but, on paper least, any goods that contain them in meaningful... 9th October 2025 · 4 mins read
Asia Economics Update Philippines: infrastructure boost starting to pay off The recent corruption scandal involving flood-control projects has cast a shadow over the Philippines’ infrastructure drive. Yet despite this, the country has seen substantial improvements in roads... 9th October 2025 · 3 mins read
Asia Rapid Response Philippines Monetary Policy Announcement (October) 9th October 2025 · 2 mins read
Japan Economics Update Rare budget surplus within reach Japan may record a rare budget surplus this year which means that the incoming PM has more fiscal leeway than is generally acknowledged. However, as that improvement won’t be confirmed until late-2026... 9th October 2025 · 3 mins read
Asia Economics Update Philippines and the risks from the corruption scandal The ongoing investigation into corruption in the Philippines brings the risk of further protests over the coming months. So long as any unrest is limited in scale and duration, the economic and... 8th October 2025 · 6 mins read
Japan Chart Pack Japan Chart Pack (Oct. 2025) Our Japan Chart Pack has been updated with the latest data and our analysis of recent developments. GDP growth will slow from its current above-trend rate to a more sustainable pace. However, with... 8th October 2025 · 1 min read
Japan Economics Update Bank of Japan will delay rate hike until January While the economic case for tighter monetary policy remains intact, we suspect that the Bank of Japan will use the pressure by Japan’s incoming government as an opportunity to delay rate hikes until... 8th October 2025 · 4 mins read
APAC Commercial Property Update China's office market weakness to persist through 2027 Mainland China’s office market has been in a prolonged downturn since 2018 as structural headwinds, including weak economic growth, cautious corporate hiring, and rampant new supply have kept vacancy... 8th October 2025 · 4 mins read
Japan Rapid Response Japan Labour Cash Earnings (Aug. 25) The sharp slowdown in wage growth in August largely reflects the end of the summer bonus season and regular earnings growth seems to be settling around 2%-2.5%. 8th October 2025 · 2 mins read
Capital Daily What to make of the latest bond market mess While long-term government bond yields have stabilised today, political developments in France and Japan over recent days highlight how fiscal uncertainty continues to put upward pressure on long-term... 7th October 2025 · 4 mins read
India Economics Update Why the Bihar state election matters The state election in Bihar in November will be the first since the deterioration in relations between India and the US. Bihar also happens to be one of India’s most agrarian states. A strong... 7th October 2025 · 3 mins read
