Asia Key Issues
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Korea's unemployment rate rose faster than expected in May, jumping to 4.5%, from 3.8% in April. We've been arguing for some time that the delayed impact of the economic growth slowdown from late- 2017 to early-2019 would eventually push the jobless rate to the mid-4% level this year; the sudden stop caused by Covid-19 merely sped up this process.... More by Chanco Miguel
Private consumption in Japan will take time to recover, even if some semblance of normality returns from this month.... More by Chanco Miguel
China's trade surplus jumped to a record high in May, defying expectations for a fall by spiking to $69.2B.... More by Chanco Miguel
China's post-Covid-19 economic recovery is becoming increasingly undeniable. But the more relevant questions now are the speed of its revival, and whether there are still any low-hanging fruit to pick.... More by Chanco Miguel
The Monetary Policy Board of the Bank of Korea yesterday voted unanimously to lower its base rate by 25 basis points to a record low of 0.50%.... More by Beamish Freya
The early damage in India from Covid-19 and the nationwide lockdown likely was significant enough to hammer the GDP report for the first quarter, due tomorrow.... More by Beamish Freya
Japan's all-industry activity index dropped by 3.8% month-on-month in March, worse than the 0.7% slip in February.... More by Beamish Freya
We've suspected that China's GDP targeting system was on its last legs for some time now.... More by Beamish Freya
Japan's economy contracted by 0.9% quarter-on- quarter in Q1, following a downwardly-revised 1.9% plunge in the previous quarter.... More by Beamish Freya
China's two-tier post-lockdown economic revival continued in April. Industrial production beat expectations easily, rising by 3.9% year-over-year, after slipping by 1.1% in March.... More by Beamish Freya
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