1 Aug 2022 China+ Monitor No Change from Policymakers in Japan or China on the Horizon

Craig Botham29th Jul 2022 15:49China+, Daily Monitor, Weekly Monitor

Japan’s Tokyo CPI inflation was marginally stronger than expected, but still driven by cost-push factors.

Yen weakness should relieve pressure on the BoJ, and confirms an outlook of policy stability into 2024.

China’s Politburo has emphasised zero-Covid over growth, with few signals of significant stimulus.

bank lending boj caixin construction construction pmi core inflation covid-19 cpi cpi inflation current account current account surplus domestic demand durable goods energy energy inflation export orders exports external demand fed fiscal policy food inflation fresh food government h2 growth headline CPI headline cpi inflation headline inflation imports industrial profits interest rate japan jgb July June korea liquidity loans local governments manufacturing manufacturing pmi May monetary policy nbs new export orders new orders non-manufacturing pmi official manufacturing pmi pmi pmi manufacturing pmi services policy policymakers q1 q2 q3 q4 real estate rrr rrr cut September service sector services inflation soe trade trade balance u.s. us yen yield curve yields

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Keywords for: 1 Aug 2022 China+ Monitor

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