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20th Sep 2023 16:06China+, Daily Monitor

  • Japan’s exports extended their decline in August; we expect them to stay weak for the rest of 2023.
  • One bright spot is a pick-up in semiconductor exports, as new mobile phones were launched.
  • The PBoC kept both LPRs on hold this month, after cutting the RRR last week to fund bond issuance.

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Keywords for: 21 September 2023 China+ Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence