Good MornING Asia - 1 August 2018

Weak China PMI in July is a sign of trade war impact already kicking in, while the US is gearing up for the next round of tariffs on $200bn of Chinese imports

In this bundle

China

China: Trade war impact begins to bite

Both manufacturing and non-manufacturing PMI point to expectations of slower export-related activities, including logistics. Luckily, domestic services…

Japan

Japan: Some policy tweaks but not a lot

Has the Bank of Japan strengthened its commitment to reaching the 2% inflation target or conceded defeat in getting there anytime soon? Absent a departure…

South Korea

Korea: Central bank policy stalemate

Slower growth and rising inflation put the Bank of Korea's policy in limbo, supporting our forecast of no policy change through mid-2019

Taiwan

Taiwan GDP surprises on the back of weaker imports

Taiwan's GDP surpassed our expectations, which is why we marginally revise our annual forecast to 2.48%. But if the trade war continues to escalate,…

Thailand

Thailand: Second quarter ends on positive note

We revise our 2Q18 growth forecast to 4.5% from 4.0% but maintain our full-year growth forecast at 4.0%. Firmer GDP growth is positive for the Thai baht…