East Asia Econ

Taiwan – calmer macro, CBC on hold

Macro volatility – in inflation, growth, property prices and the TWD – eased in Q3, and it was no surprise that the CBC was on hold today. That won't change if AI demand growth slows. But the AI cycle has proven tough to forecast, and I'd expect the CBC will also be faced with more TWD strength.

Paul Cavey

Sep 18, 2025 • 2 min read

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East Asia Today

This is a bit later today, as I was going through the conclusions of Taiwan's CBC meeting. So that's included below, plus more details of China's August exports (providing further evidence of the re-acceleration in auto sales), as well as Japan's July machine orders.

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China – auto exports accelerating

China's trade data are published over the course of four releases each month. We are now onto the second, with three main takeaways: auto exports are accelerating again, import demand is up, and the trade surplus continues to broaden.

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East Asia Today

I am catching up with things after my break. Surveys of the last few days and today's trade data for August show tariffs aren't yet triggering a big macro dislocation in Japan. That's important for the BOJ. In China, the macro data for August show the bottoming of the activity remains fragile.