Markets

1) China relaxed some rules on foreign capital flows, 2) Malaysian Prime Minister Najib is tightening his grip on power, 3) The Czech National Bank (CNB) has tilted more dovish, 4) Ukrainian Economy Minister Abromavicius resigned abruptly, throwing the ruling...

The US non-farm payroll report typically dominates the first Friday a new month.  In recent years, it has become among the most important economic reports globally.  Not today.  The US non-farm payroll report typically dominates the first Friday a new...

To many, Indonesian President Joko Widodo’s (Jokowi) election represented a break with the past, as he had no ties to existing military or political elites. The new president was also different from his predecessors in other ways. He had humble...

While Vietnam’s 12th Party Congress was billed as a contest for leadership of the party between sitting party secretary Nguyen Phu Trong and sitting Prime Minister Nguyen Tan Dung, it might well be remembered as marking the beginning of a...

For China, the story for its economy in 2015 simply reinforced what was already becoming apparent through 2014. GDP growth was slowing, and the political capital the Communist Party could collect from lauding this one statistic was diminishing. Premier Li...

President Xi Jinping’s three-nation tour in the Middle East heralds a shift from US regime change to Chinese economic development. President Xi’s tour took place amid a perilous moment in the region. Saudi Arabia is struggling with the plunge of...

Japan’s labour market situation is improving. The unemployment rate of 3.1 percent in October 2015 was the lowest for 20 years. In addition, although improvement has been slow, wage growth has been accelerating. However, Japan’s labour market still faces several...

Instead of boosting growth, the Bank of Japan's negative interest rates will contribute to domestic fiscal deterioration, regional risks, and even global threats.  About a week ago, the Bank of Japan’s (BOJ) governor Haruhiko Kuroda said to the parliament: “We...

Prime Minister Cameron has enthusiastically embraced the EC draft proposals in response to the UK’s demands.  The wires quote Cameron as saying, "I would opt in to EU membership on these good terms."  The proposals presented by European Council President...

In 2012, Australia’s Asian Century White Paper outlined fundamental policy and attitudinal changes that would be required if Australia was to make the most of the opportunities presented by the Asian century. Yet it has had no impact on policy...

No country in Southeast Asia shoots itself in the foot more than Thailand. With so much going for it, the second-largest economy in the region still manages to underperform spectacularly. Its growth trajectory is in the 2–3 percent range even...

Since becoming India’s prime minister in May 2014, Narendra Modi has sought to make the country ‘open for business’. But while there is hope that his pro-business policies — often dubbed ‘Modinomics’ — will improve economic growth, aspects of India’s...

As we suspected, the current EM bounce still has some legs.  The BOJ’s surprise easing helped EM and risk end on last week on a strong note, and we expect that to carry over into this week.  Within EM, we...

1) Korea’s Financial Services Commission will introduce a so-called “omnibus account” for foreigners investing in local stocks, 2) Malaysian Attorney General Apandi Ali closed the investigation into transfers of foreign money into Prime Minister Najib Razak’s personal bank accounts, 3)...

Economic forecasting is always difficult. The American economist John Kenneth Galbraith famously said ‘we have two sorts of forecasters: those who don’t know and those who don’t know they don’t know’. Yet, while some sceptics assert that economic forecasts are...