Last week, next week

Paul Cavey

Jul 10, 2022

East Asia Today

The BOK didn't change rates today, but laid out a much more positive view on the outlook than is being expressed by regional equities. One casualty of the equity sell-off is the TWD, which will further push up inflationary pressure in Taiwan. Also today, the BOJ's senior loan officer survey.

Subscribers Only

Korea – BOK confident

There was no change from the BOK today, and the decision to stay on hold was unanimous. That wasn't a surprise. However, the meeting was informative, with the clear takeaway being BOK confidence that this cycle will run through 2027.

Subscribers Only

East Asia Today

A note reviewing developments in Korea ahead – just about – of the BOK meeting tomorrow. In addition, some charts showing the continuing gap between weak auto sales in China v strong car exports. That is affecting Japan, though overall exports there in USD terms rose again in September.