China+ Datanote: Tokyo CPI, Japan, October

In one line: Tokyo inflation slows, but core pressure remain firm ahead of Sunday’s election; BoJ likely stands pat in next week’s meeting

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: MLF rate, China, October

In one line: China’s MLF rate unchanged after September’s cut; Tight funding conditions in banks open window for RRR cut

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 25 October 2024

Tokyo inflation slows, but core pressure remain firm ahead of Sunday’s election; BoJ likely stands pat in next week’s meeting

China’s MLF rate unchanged after September’s cut; Tight funding conditions in banks open window for RRR cut

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Loan Prime Rates, China, October

In one line: Chineses banks lower LPR to preserve NIM amid falling mortgage rates for existing borrowers.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: 20-Day Exports, Korea, October

In one line: Early Korean exports slow, dragged down by weaker petroleum products and mobile handsets shipments.

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 21 October 2024

Chinese banks lower LPR to preserve NIM amid falling mortgage rates for existing borrowers

Early Korean exports slow, dragged down by weaker petroleum products and mobile handsets shipments.

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: National CPI, Japan, September

In one line: Japan’s core inflation remains strong; the BoJ is unmoved by CPI fall driven by transitory factors.

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 17 October 2024

In one line: Japan's Exports Fall Unexpectedly in September on Weaker Asian Shipments

Kelvin Lam (Senior China+ Economist)China+

China+ Datanote: Exports, Japan, September

In one line: Japan's Exports Fall Unexpectedly in September on Weaker Asian Shipments

Kelvin Lam (Senior China+ Economist)China+

CHINA+ DATA WRAP 5 November 2024: Caixin services PMI points to activity uptick

Caixin services PMI points to activity uptick

Duncan WrigleyChina+

4 November 2024 China+ Monitor China's PMIs point to stimulus gradually gaining purchase

• Both of China’s October PMIs suggest that fiscal stimulus is star ting to take effect.
• The output price indices also rose, though it’s too early to pop a cork over China’s deflation fight.
• The PBoC’s new liquidity tool provides more flexibility in managing long-term funding.

Duncan WrigleyChina+

China+ Datanote: BoJ Policy Decision, Japan, October

The BoJ stays pat and Governor Ueda keeps options open

Duncan WrigleyChina+

China+ Datanote: Official Manufacturing PMI, China, October

China’s existing stimulus produces initial results, as state sector heeds strong policy signals 

Duncan WrigleyChina+

CHINA+ DATA WRAP 31 October 2024: China's stimulus lifts manufacturing PMI

China's stimulus lifts manufacturing PMI
BoJ stays pat and Governor Ueda keeps options open

Duncan WrigleyChina+

1 November 2024 China+ Monitor BoJ keeps options open, amid political risks at home and abroad

• The BoJ left the policy rate on hold yesterday, at 0.25%, as expected given the recent election.
• Governor Ueda was deliberately vague about signalling the timing of the next rate hike.
• China’s October official PMI shows fiscal stimulus gaining traction, led by large enterprises.

Duncan WrigleyChina+

29 October 2024 China+ Monitor Japan's election result makes BoJ rate path more uncertain

• Japan’s incumbent LDP failed to secure a majority in the lower house in Sunday’s election.
• China’s industrial profits plunged in September due to torpid domestic demand and producer deflation.
• All eyes are on the NPCSC meeting, scheduled for after the US election, for details of fiscal stimulus.

Kelvin Lam (Senior China+ Economist)China+

October 2024 - China+ Chartbook

• - CHINA FINALLY TAKES ACTION, BUT IS IT ENOUGH?
• - BOJ’S DECISION COMPLICATED BY POLITICAL RISKS
• - BOK SHIFTS INTO RATE-CUTTING MODE

Kelvin Lam (Senior China+ Economist)China+

28 October 2024 China+ Monitor Yen weakness putting pressure on BoJ, despite muted Tokyo inflation

• The BoJ is likely to hold rates steady until January, given growth trends and Friday’s inflation data...
• ...But political and currency risks loom large; a sharp JPY depreciation would force an earlier move.
• China’s NPC will meet on November 4-to-8 and is likely to approve targeted additional fiscal stimulus.

Duncan WrigleyChina+

China+ Datanote: Flash Manufacturing PMI, Japan, October

Flash manufacturing PMI shows weakening demand across the board

Duncan WrigleyChina+

CHINA+ DATA WRAP 24 October 2024: Japan's flash composite PMI emits warning sign

Japan's flash composite PMI emits warning signal 
Flash manufacturing PMI reports weakening demand across the board
Services sector activity cools dramatically

Duncan WrigleyChina+