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Good MornING Asia - 1 August 2018

1 August 2018

Weak China PMI in July is a sign of trade war impact already kicking in, while the US is gearing up for the next round of tariffs on $200bn of Chinese imports

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Quick take

China

31 July 2018

China: Trade war impact begins to bite

Both manufacturing and non-manufacturing PMI point to expectations of slower export-related activities, including logistics. Luckily, domestic services…

Japan

31 July 2018

Japan: Some policy tweaks but not a lot

Has the Bank of Japan strengthened its commitment to reaching the 2% inflation target or conceded defeat in getting there anytime soon? Absent a departure…

South Korea

31 July 2018

Korea: Central bank policy stalemate

Slower growth and rising inflation put the Bank of Korea's policy in limbo, supporting our forecast of no policy change through mid-2019

Quick take

Taiwan

31 July 2018

Taiwan GDP surprises on the back of weaker imports

Taiwan's GDP surpassed our expectations, which is why we marginally revise our annual forecast to 2.48%. But if the trade war continues to escalate,…

Thailand

31 July 2018

Thailand: Second quarter ends on positive note

We revise our 2Q18 growth forecast to 4.5% from 4.0% but maintain our full-year growth forecast at 4.0%. Firmer GDP growth is positive for the Thai baht…

USDCNY Trade War THB Thailand Taiwan South Korea PMI Monetary Policy Japan Inflation GDP China Bond yields

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