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China+ Publications

Below is a list of our China+ Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep

Please use the filters on the right to search for a specific date or topic.

cpi

28 Nov 2022 China+ Monitor Tokyo Inflation Speeds up on Food Price Hikes

Tokyo headline CPI accelerated further in November, on the back of food price rises... 

...But the BoJ is likely to view domestic demand as still weak, and so leave monetary policy unchanged. 

China’s RRR cut is mainly about funding fiscal policy to cushion growth, as Covid cases surge again. 

Duncan WrigleyChina+

PM Note: Japan Flash PMIs November

  • Japan is caught between rising inflationary pressure and slowing growth

Duncan WrigleyChina+

21 Nov 2022 China+ Monitor Japanese Inflation is Picking up on Higher Import Costs

  • Japanese headline CPI rose sharply in October, on the back of food price hikes...
  • ...But the BoJ is likely to keep monetary policy loose, expecting core inflation to wane in fiscal year 2023.
  • The PBoC warned about future inflationary risk in China, as bond markets responded to policy shifts.

Duncan WrigleyChina+

PM Note: Japan CPI October

  • Japan's CPI Inflation Jumps on Food Price Hikes

Duncan WrigleyChina+

10 Nov 2022 China+ Monitor China's Consumer Price Inflation Rolls Over in October

  • China’s CPI inflation rolled over in October, owing to weak domestic demand and labour market slack.
  • Overall food price rises decelerated, despite pork price rises speeding up.
  • Producer prices began to fall, year-over-year, on slowing energy prices and weak demand.

Duncan WrigleyChina+

PM Note: China CPI October

  • In one line: Disinflationary CPI Trend Confirms Weak Domestic Demand

Duncan WrigleyChina+

31 Oct 2022 China+ Monitor The BoJ is not for Turning, Despite Rising Inflation

  • The BoJ acknowledges higher CPI inflation for the
    rest of 2022...
  • ...But continues to forecast a drop in the core rate to below the 2% target in late 2023.
  • Nothing in the Tokyo CPI data will make the BoJ change its assessment.

Duncan WrigleyChina+

24 Oct 2022 China+ Monitor Japanese Headline Inflation Set to Rise as Food Prices Heat up

  • Japan’s headline CPI is expected to resume rising in October, thanks to food price increases...
  • ...But the BOJ will stick to easy monetary policy, given the lacklustre core inflation and wage outlook.
  • Korean 20-day exports for October indicated still-worsening global demand. 

Duncan WrigleyChina+

China+ Data Note: Japan National CPI, September

  • In one line: The BOJ will Hold the Line Despite Core CPI Creeping up

Duncan WrigleyChina+

CHINA+ DATA WRAP 21 OCTOBER 2022: The BOJ will Hold the Line Despite Core CPI Creeping up

The September CPI remained at a an elevated level for Japan and inflation is broadening out

Craig BothamChina+

17 Oct 2022 China+ Monitor Chinese Core Inflation Fades Further, Signalling Weak Demand

  • Weak demand is still weighing on inflation in China, with only food prices pushing CPI higher.
  • Consumer inflation likely has now peaked, and PPI is headed to deflation over the next six months.
  • Chinese policy will have the—likely unintended— effect of exporting disinflation globally.

Craig BothamChina+

CHINA+ DATA WRAP 14 OCTOBER 2022: Inflation shows demand is still weak in China

Food again pushes consumer price inflation higher

More falls to come for PPI

Craig BothamChina+

5 Oct 2022 China+ Monitor Core Inflation Starts to Heat Up in Japan, but It's Mostly the Yen

  • Headline Tokyo CPI inflation fell in September on base effects, but core inflation climbed further.
  • Yen weakness is driving up raw material costs, and these are now being passed on to consumers.
  • Korean factories are struggling as exports falter, but the BoK will likely still have to tighten aggressively.

Craig BothamChina+

CHINA+ DATA WRAP 04 OCTOBER 2022: Core inflation rises as cost pressures build for Japan

Yen weakness makes itself felt in core inflation

Korean factory output fell further in September

Craig BothamChina+

23 Sept 2022 China+ Monitor FX Intervention Begins, as the BoJ Feigns Innocence

  • Japan has embarked on direct currency intervention in support of the yen for the first time since 1998.
  • The main goal of this intervention is to slow the pace of depreciation, rather than draw a line in the sand.
  • Monetary policy will be kept at its current easy settings, undermining any attempt to defend a level.

Craig BothamChina+

21 Sept 2022 China+ Monitor Yen Weakness will Continue to Push Japanese Inflation Higher

  • Japanese inflation continues to climb, driven by cost-push pressures and base effects.
  • The BoJ will not change tack, despite the multi-year high in CPI inflation.
  • We expect Governor Kuroda to hold the line on both inflation and the yen at tomorrow’s meeting.

Craig BothamChina+

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Keywords for: China+ Documents

China+ Document Vault, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence