Focused Thinking

Articles

Economics

China: A Major Step to Modernizing the PBoC’s Policymaking

Investors often find signals from China’s two-tier policy rate system perplexing. The Chinese central bank’s recent moves aim to streamline its policy rate framework, better guide market interest rates and improve liquidity management

2 min read | June 2025

Japan in focus

No Longer an Outlier

Ten ways the Japanese economy is moving toward greater alignment with other developed economies.

4 min read | June 2025

Japan in focus

The Era of Disappearing Shares

The number of outstanding shares in the Japanese equity market is decreasing as the unwinding of cross-shareholdings continues.

3 min read | May 2025

Economics

Macro and Micro Evidence of the Tariff Impact

Evidence suggests US import frontloading is benefitting many Asian economies, especially in electronics, but soft data are signaling weakness ahead

2 min read | May 2025

Economics

US-China Trade Deal Only Slightly Improves US Economic Outlook

While the larger than expected reduction in reciprocal tariffs and 90-day freeze offers a temporary respite in US-China tensions, the 10% tariff floor and sluggish negotiations with other trading partners suggest the broader trade landscape remains challenging.

3 min read | May 2025