Pantheon Publications

Global Datanote: Preliminary GDP, Japan, Q1

In one line: Japan’s GDP shrinks for the first time in a year, reinforcing the BoJ's wait-and-see stance.

China+ Datanote: Loan Prime Rates, China, June

In one line: China's commercial banks hold benchmark lending rates steady in June

Global Datanote: National CPI, Japan, May

In one line: Japan's core inflation surprised on the upside, but unlikely to sway BoJ into hiking mode

Global Datanote: Loan Prime Rates, China, June

In one line: BoJ slowed tapering pace for next fiscal year but stood pat on policy rates in June

Global Datanote: BoJ Decision, Japan, June

In one line: BoJ slowed tapering pace for next fiscal year but stood pat on policy rates in June

China+ Datanote: BoJ Decision, Japan, June

In one line: BoJ slowed tapering pace for next fiscal year but stood pat on policy rates in June

June 2025 - China+ Chartbook

• - CHINA’S FLAGGING GROWTH TO PROMPT POLICY TWEAKS
• - BOJ OPTS FOR PRAGMATIC MIDDLE PATH ON BOND-BUYING
• - BOK LIKELY TO EASE, DESPITE CURRENCY WORRY

18 June 2025 China+ Monitor BoJ pares back the reduction of its JGB purchases from next April

• The BoJ left policy rates unchanged in June, while scaling back its tapering of bond-buying next year…
• …Likely due to bond-market volatility, the stalemate in trade negotiations and tensions in the Middle East.
• We expect the Bank to continue pausing its rate-hiking cycle in the near term as Japan’s economy weakens.

12 June 2025 China+ Monitor China-US deal upheld after London talks, but still a long way to go

• Handshakes in London iron out implementation of the US-China deal struck in Geneva, subject to approval.
• The 90-day tariff reprieve revived China’s exports in May, temporarily, with trade diversion to the EU…
• …Uncertainty-induced front-loading demand puts a floor under monthly growth ahead of reprieve expiry.

Global Datanote: Flash Manufacturing PMI, Japan, May

In one line: Japan's manufacturing PMI rose as US importers rushed orders ahead of Tariff reprieve expiry.

China+ Datanote: Flash Services PMI, Japan, May

In one line: Japan's services sector expands at a slower pace in May

China+ Datanote: Flash Manufacturing PMI, Japan, May

In one line: Japan's manufacturing PMI rose as US importers rushed orders ahead of Tariff reprieve expiry.

Global Datanote: Exports, China, May

In one line: China's monthly exports rebounded in May, thanks to tariff reprieve.

China+ Datanote: Exports, China, May

In one line: China's monthly exports rebounded in May, thanks to tariff reprieve.

China+ Datanote: Foreign Reserves, China, May

In one line: China’s FX reserves rise modestly as bond revaluation offsets inflows

China+ Datanote: Caixin Services PMI, China, May

In one line : China's services activity ticks up, but deflationary pressure still lurking in the background.

China+ Datanote: Wages, Japan, April

In one line : Japanese inflation continues to outpace labour earnings; BoJ likely to hold rates in June.

Global Datanote: Official Manufacturing PMI, China, May

In one line: China's manufacturing activity shrinks at a slower pace in May due to US tariff reprieve

Global Datanote: Tokyo CPI, Japan, May

In one line: Japan's core CPI surprise points to continued squeeze on real wages

Global Datanote: Bank of Korea Decision, Korea, May

In one line: BoK cuts to 2.50% on weaker growth outlook amid tariff war impact