Deposits
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Japan’s transition underway; China’s monetary easing has limited impact; Thailand increases reliance on monetary policy.
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U.S.–Iran tensions ease; Japan’s LDP wins a landslide; Thailand election surprise improves prospects for government stability
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Europe and Japan reach trade deals with the U.S. but their economic slowdown is likely in 2H25. China may need to rely more on consumption.
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U.S. economy is slowing but not sharply; Japan is recovering, while China lacks growth momentum and stimulus effects remain limited.
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China and US lead global recovery; Eurozone activity lose momentum Japan rebounds at a slow pace
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U.S. employment remain weak. Japan-China tensions raise economic uncertainty. China weighed down by weak labor market and property slump.
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U.S.–China trade deal eases short-term uncertainty. Japan’s economy shows early signs of recovery under more aggressive fiscal policy.
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The world faces policy uncertainties, while IMF raises its economic forecasts for US and Japan. China achieved its 5% economic growth target in 2024.
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Weak U.S. data raise chances of a December rate cut. New positives support Japan’s recovery. China continues to show signs of a slowdown.
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US and Japan face growing risks to growth and fiscal stability. Impact of trade wars on Chinese economy may ease only temporarily
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