East Asia Econ

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Taiwan – TSMC, Trump and the TWD

I can't claim to have expected the 10% surge in the TWD in the last couple of days. But I have been arguing for a while that the risks of a structural appreciation of the currency were real and rising. This is a brief presentation from March that highlights the issues.

Last week, next week

Japan – uncertain outlook, but not giving up on wages

Korea – activity weaker than inflation

Taiwan – still the strongest cyclical story

China – not so bad....yet

Japan – tariffs matter, but so does inflation

China – corporate profitability still weak

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Asia – free resource for tracking East Asian economies

A new tool to view, chart and download macro data for the region

Last week, next week

Japan – broad-based inflation

Korea – business sentiment worsens again

Taiwan – how to cope with the US shock

Japan – four reason why the JPY hasn't helped exports

Last week, next week

Japan – CPI mixed, but part-time wages up

Korea – BOK says "come back in May"

China – 5.4% isn't enough

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China – policies to boost consumption

The second of two videos on consumption, an issue that is even more important given the economic damage that will be inflicted on China by the tariffs. It is impossible to imagine Beijing supporting western-style consumerism. But there is still a way for economic policy to boost consumer spending.

Korea – cycle worsening, rates to fall

China – import ratio now the lowest since the 1990s

China – recovery in credit growth continues

Last week, next week

Japan – inflation risk from PPI and consumer expectations

China – stronger inflation not enough