East Asia Econ

East Asia Today

Some of the language in China's CEWC communiqué was encouraging. In Korea, while auto prices remain weak, overall export prices are rising and pushing up the terms of trade. Japan's monetary base is shrinking more quickly than any time since 2007. And my latest video, discussing Japan and the JPY.

Paul Cavey

Dec 12, 2025 • 2 min read

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Japan – what would turn the JPY around?

My latest video, discussing the BOJ and the outlook for the JPY.

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East Asia Today

A look at some positive monetary developments in China, as well as charts from the MOF's quarterly business sentiment survey in Japan, and trade data for the first ten days of December for Korea.

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China – three positive monetary dynamics

Real economy developments still look negative for inflation. That the deflator nonetheless looks to be turning can be partly attributed to local food prices and global commodity prices. However, I think monetary factors are also playing a role, with three dynamics in particular worth highlighting.