Pantheon Publications
Below is a list of our Publications for the last 5 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
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Kelvin Lam (Senior China+ Economist)
- - CHINA CRANKS UP FISCAL SUPPORT; LIKELY MORE TO COME
- - BOJ SHIFTING TO HAWKISH BIAS AS FOOD INFLATION RISES
- - KOREA CHIP EXPORTS UNDER COMPETITIVE PRESSURE
Kelvin Lam (Senior China+ Economist)China+
- The BoJ left rates unchanged at yesterday’s meeting, citing the evolving external situation as a new risk.
- The Bank considers developments in domestic wages and prices are in line with it achieving its policy target.
- We continue to expect two more hikes in 2025, taking rates to 1%, with the next rise in Q2.
Kelvin Lam (Senior China+ Economist)China+
- China’s CPI fell more than the market expected, dragged down by weak food and services inflation.
- PPI deflation eased slightly; NDRC announced a cut to steel production and measures to curb ‘Nei Juan’.
- Japan’s full-time regular base pay growth hit a 32-year high, giving the BoJ confidence to normalise rates.
Kelvin Lam (Senior China+ Economist)China+
- China has retaliated to US tariffs with its own tariffs on American agricultural products, and company bans.
- Korean WDA exports reversed trend and fell in February, due to weaker demand for semiconductors.
- Korea’s low-end chip production is facing intense competition from China, leading to falling unit prices.
Kelvin Lam (Senior China+ Economist)China+
- Japan’s Q4 GDP grew by more than the market had expected, driven primarily by stronger net exports.
- Domestic demand disappointed, though spending on durables was strong; business investment rebounded.
- US trade policy uncertainty is overshadowing certain industrial sectors, weighing on Japan’s future growth.
Kelvin Lam (Senior China+ Economist)China+
