Paul Cavey

Korea – lower inflation

Last week, next week

Taiwan – big upturn

The East Asia Economist

Japan – taking stock

China – better headline PMIs

Korea – export floor?

Korean exports continue to fall, but there are sighs that a short-term floor might be near. The driver of that is recovery in China, which is happening when exports to DM have yet to decline.

Last week, next week

This is what happened on East Asia Econ this week. Thematic The China Diviner: The importance of interest rates Perhaps the most popular global macro chart for China plots global metals prices against China's credit impulse. But we'd argue that even in China, it is useful

Taiwan - taking stock

Japan - inflation up again

The China Diviner

A popular chart for China plots metals prices against the credit impulse. But we'd argue that even in China, it is useful to look at the price of money not just the quantity, with interest rates leading credit. The relationship has weakened since 2020, but that tells us about what ails the cycle.

Korea – back to hawkish

Korea – Taking Stock

Korea - inflation expectations up

Taiwan - relatively strong wages

Japan – taking stock

China – property a bit better

The China Diviner

Korea – neutral labour market

Taiwan – weak in January

China – no stimulus

Japan – headline halving

China – mixed

Japan – picking up

Taiwan – no let up