CHINA+ DATA WRAP 22 May 2026: Japan's inflation slowed in April

In one line: Japan's slowing inflation probably won't dissuade the BoJ from hiking rates next month

CHINA+ DATA WRAP 20 May 2026: Rates on hold, despite April slowdown

In one line: Policy rate cut only likely after several months of flagging growth

CHINA+ DATA WRAP 18 May 2026: China hits a speed bump in April

In one line: April's weak economic data due to energy shock and severe weather

PM Datanote: Money & Credit, China, April

In one line: rise in fiscal deposits likely points to temporary building activity disruptions due to severe weather.

CHINA+ DATA WRAP 12 May 2026: Japan's household spending slows

In one line: People curbed spending in response to fuel price hikes in March

CHINA+ DATA WRAP 1 May 2026: Tokyo inflation subdued; Korea exports surging

In one line: Tokyo inflation subdued thanks to expanded childcare subsidies;
Korean exports buoyed by robust chip sales

CHINA+ DATA WRAP 30 April 2026: Manufacturing sector resilient to energy shock

In one line: China's manufacturing sector holds up well in April; Services slows after the holiday boost; Construction PMI drop is puzzling

1 May 2026 China+ Monitor China's April manufacturing PMIs hint at front-loading by exporters

• China’s manufacturing PMIs held up well in April, despite the disruption from the war in the Middle East.
• This resilience should continue in the near term, though exports are likely to slow as global demand fades.
• The weak construction PMI likely reflects bad weather; the infrastructure investment rebound should continue.

CHINA+ DATA WRAP 28 April 2026: BoJ on hold

In one line: BoJ on hold, but Governor Ueda's lack of clear policy signalling leaves JPY exposed

29 April 2026 China+ Monitor Governor Ueda's attempt to 'thread the needle' leaves currency exposed

• The BoJ held the policy rate steady at 0.75% yesterday, amid uncertainty in the Middle East.
• Governor Ueda’s mixed message on policy direction could invite speculation on USDJPY.
• We think a June rate hike is still on the table, as long as prospects for a lasting ceasefire have improved by then.

CHINA+ DATA WRAP 16 April 2026: Q1 GDP growth bump likely the high-water mark

In one line: China's lopsided Q1 GDP growth bump likely the year's high-water mark

17 April 2026 China+ Monitor All that glitters is not gold: China's flawed Q1 GDP print

• China’s GDP growth rose to 5.0% in Q1, but it was highly dependent on robust exports...
• ...Which are likely to slow as the oil price shock hits global growth.
• Real household spending slowed and underlying consumption activity remains sluggish.

PM Datanote: Money & Credit, China, March

In one line: Private sector credit showing early but uneven improvement 

14 April 2026 China+ Monitor China's credit data indicates areas of stronger activity

• China’s March credit data, albeit soft overall, points to a tentative private credit revival in select areas.
• Rising pre-existing home sales likely drove mortgage demand; bottoming out is happening albeit slowly.
• Policy-driven infrastructure investment probably supported improving underlying corporate credit.

PM Datanote: Foreign Reserves, China, March

In one line: China’s big drop mainly due to global market volatility, rather than domestic economy

PM Datanote: NBS Manufacturing PMI, China, March

In one line:  China’s manufacturing PMI buoyed by post-holiday seasonality; oil price shock hits input prices

CHINA+ DATA WRAP 31 March 2026: China's manufacturing activity resilient

In one line: China's manufacturing activity resilient, despite jump in energy-related costs

CHINA+ DATA WRAP 24 March 2026: Japan's inflation fell, ahead of oil price surge

In one line: Japan's inflation fell in February, ahead of oil price surge; Services firms' sentiment dives to mid-2020 level

CHINA+ DATA WRAP 20 March 2026: LPRs steady; PBoC aims for "price recovery"

In one line: LPRs steady; PBoC aims for "price recovery"

CHINA+ DATA WRAP 19 March 2026: BoJ on hold amid oil shock risks

In one line: BoJ on hold amid oil shock risks and divided inflation views