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China's abysmal industrial profits data for October underscore why the chances of less- timid monetary easing are rising rapidly.
Yesterday's BoJ statement, outlook and press conference raised our conviction on two key aspects of the policy outlook.
Mortgage applications appear to have recovered from their reported February drop, which was due mostly to a very long-standing seasonal adjustment problem
The rate of growth of nominal core retail sales substantially outstripped the rate of growth of nominal personal incomes, after tax, in both the second and third quarters.
Korea's jobs report for August was a stonker, with unemployment plunging to 3.1%, from 4.0% in July, marking the lowest rate in more than five years.
We are not worried about the reported drop in April manufacturing output, which probably will reverse in May.
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