Chief Economist, Aletheia Capital

Dr. Jim Walker

Chief Economist

Independent and original Asian investment research

Aletheia Capital

Aletheia Capital (HK) Ltd. (previously known as Asianomics) combines the extensive knowledge of its experienced team with technology and regulatory changes to disrupt Global Markets business in Asia. The firm is completely independent with no conflicts of interest either on Investment Banking advisory or Capital Markets execution.

Macroeconomics

<ul><li>Bank of Japan (BoJ): BoJ kept rates unchanged at 0.5%, despite 3% inflation — a clear policy mismatch.</li><li>Federal Reserve (US): The Fed cut rates despite inflation running above target (≈3.6% annualized).</li><li>China: Industrial profits up 21.6% YoY in September, marking a two-month streak (August: +20.4%).</li></ul>

Bank of Japan (BoJ): BoJ kept rates unchanged at 0.5%, despite 3% inflation — a clear policy mismatch.Federal Reserve (US): The Fed cut rates despite inflation running above target (≈3.6% annualized).China: Industrial profits up 21.6% YoY in September, marking a two-month streak (August: +20.4%).

Walker’s Weekly: Dr. Jim's Summary of Key Global Macro Developments - 31 Oct 2025

<ul><li>Both the Federal Reserve and Bank of Japan kept interest rates steady, despite inflationary pressures </li><li>The U.S. faces rising debt servicing costs due to heavy bond issuance, reinforcing the case for sustained higher interest rates</li><li>Expect further normalization in rates globally, with a likely rise in the 10-year U.S. Treasury yield and a bullish outlook on the Japanese Yen.</li></ul>

Both the Federal Reserve and Bank of Japan kept interest rates steady, despite inflationary pressures The U.S. faces rising debt servicing costs due to heavy bond issuance, reinforcing the case for sustained higher interest ratesExpect further normalization in rates globally, with a likely rise in the 10-year U.S. Treasury yield and a bullish outlook on the Japanese Yen.

Walker’s Weekly: Dr. Jim's Summary of Key Global Macro Developments - 1 August 2025

United States

IShares US Treasury Bond is an exchange-traded fund incorporated in the USA. The ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE U.S. Treasury Core Bond Index.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

iShares US Treasury Bond ETF (GOVT US)

Walker’s Weekly: Dr. Jim's Summary of Key Global Macro Developments - 31 Oct 2025

Bank of Japan (BoJ): BoJ kept rates unchanged at 0.5%, despite 3% inflation — a clear policy mismatch. Federal Reserve (US): The Fed cut rates...

Dr. Jim Walker

Walker’s Weekly: Dr. Jim's Summary of Key Global Macro Developments - 1 August 2025

Both the Federal Reserve and Bank of Japan kept interest rates steady, despite inflationary pressures The U.S. faces rising debt servicing...

Dr. Jim Walker

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)