Japan’s export share has remained stable at slightly below 5% since the mid-2010s, except for a brief swing before and after the global financial...
Japan | BoJ has little incentive to lead on policy normalisation
Posted by Shigeto Nagai on Mar 18, 2022
Today's BoJ policy meeting, as anticipated, maintained the monetary policy status quo. While higher energy and commodity prices are expected to raise...
APAC | Commodity currencies lead the way amid Russia-Ukraine war
Posted by Sung Eun Jung on Mar 14, 2022
Russia's full-scale invasion of Ukraine was not priced in by markets and has led to spiralling commodity prices, higher risk premia, and strong...
Japan | Impact of falling terms of trade on growth and deflation
Posted by Shigeto Nagai on Feb 28, 2022
Global | Rising risk of a higher inflation regime
Posted by Adam Slater on Jan 27, 2022
The risk of a shift to a higher inflation regime in advanced economies has risen in the last six months, but markets may be under-pricing the risk in...
Japan | Why the supplementary budget flatters to deceive
Posted by Norihiro Yamaguchi on Jan 26, 2022
Japan’s parliament has approved the latest supplementary budget, which includes the second-largest expenditure package in its history. But while the...
Japan | BoJ dismisses growing concerns over weaker yen
Posted by Shigeto Nagai on Jan 18, 2022
The Bank of Japan (BoJ) left monetary policy unchanged at today’s meeting, maintaining current short- and long-term interest rates. Commodity price...
Japan | Japan’s FDI strategy is to diversify away from China
Posted by Shigeto Nagai on Dec 10, 2021
Japan’s foreign direct investment (FDI) position nearly tripled over the past decade, even as domestic investment stagnated. Currently, 40% of FDI...
APAC | Asia exports look to improve in 2022
Posted by Lloyd Chan on Dec 9, 2021
The level of Asian exports in volume terms has been stagnant in H2 2021. In addition, across the major manufacturing exporting economies, there have...
APAC | Regional monetary policies to continue to diverge in 2022
Posted by Sian Fenner on Dec 8, 2021
We expect monetary policy to continue to diverge across Asia Pacific (APAC) in 2022, with central banks in the advanced APAC economies (apart from...