Japan - Tokyo CPI, services PPI

Paul Cavey

Mar 25, 2022 • 1 min read

East Asia Today

Foreign equity holdings are another example of the huge impact of the AI cycle in Korea and Taiwan. Trade volume data in China illustrate again that imports are as weak as exports are strong. Money supply and credit data in Taiwan are strong, but likely not strong enough to push the CBC into action.

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Taiwan – strong, but no trigger

September money and credit data for September are like other indicators for Taiwan: quite strong, but not high enough on their own to think that they suddenly break the CBC's apparently strong desire not to change policy.

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East Asia Today

The main data event today was Q3 GDP in Korea. In addition, China released profits data for September. There were two inflation updates in Japan, with the BOJ's measures of underlying CPI as well as services PPI. In Taiwan, we had consumer confidence for October.