Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Asia Economist and CEO

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

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<strong>Export volumes recovering:</strong> Export value fell 6.9% y/y in September, after falling 9.6% in August. However, export volumes grew 4.7% in September, their fastest pace since Jan 15.</li>
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<strong>Manufacturing powered by exports:</strong> The Nikkei Flash PMI surged to 51.7 in October from 50.4 in Sep 16, the second successive month of expansion after six months of contraction and the fastest rate in nine months. The strength in new orders including new export orders points to further strength.</li>
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<strong>Inflation remains</strong>…</li>
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Export volumes recovering: Export value fell 6.9% y/y in September, after falling 9.6% in August. However, export volumes grew 4.7% in September, their fastest pace since Jan 15.

Manufacturing powered by exports: The Nikkei Flash PMI surged to 51.7 in October from 50.4 in Sep 16, the second successive month of expansion after six months of contraction and the fastest rate in nine months. The strength in new orders including new export orders points to further strength.

Inflation remains…


Japan: No Sign of Inflation Yet, but Manufacturing Is Resurgent

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Thematic (Sector/Industry)

<p>China’s introduction of pensions has been a brave effort continually embroiled in titanic headwinds. Issues frequently raised are lack of portability, poor payouts, limited coverage and even the threat of huge deficits. </p>

China’s introduction of pensions has been a brave effort continually embroiled in titanic headwinds. Issues frequently raised are lack of portability, poor payouts, limited coverage and even the threat of huge deficits. 

The Prospects for Pension Reform in China

<p>The political crisis now gripping South Korea, with allegations that the President is under the influence of a strange shamanistic cult, could not have come at a worse time for the country, which faces an unpredictable northern neighbor, poor relations with China and few regional allies.</p>

The political crisis now gripping South Korea, with allegations that the President is under the influence of a strange shamanistic cult, could not have come at a worse time for the country, which faces an unpredictable northern neighbor, poor relations with China and few regional allies.

Founder and CEO, Europacifica Consulting

Naomi Fink

Founder and CEO

Europacifica Consulting

<p>Recent large government privatisations (Japan Post and JR Kyushu) have brought with it a positive tendency, as we pointed out in <a href="https://www.smartkarma.com/insights/the-reflationary-role-of-ipo-s" target="_blank">The Reflationary Role of IPO’s</a>. Very closely related to the reflationary aspects of large privatisations is the Holy Grail of reflation, the diversification of household balance sheets from cash (a risk-averse strategy) to risk assets.</p><p>Inflation expectations are highly autoregressive – that is to say, deflationary consumption and saving behaviour tends to get…</p>

Recent large government privatisations (Japan Post and JR Kyushu) have brought with it a positive tendency, as we pointed out in The Reflationary Role of IPO’s. Very closely related to the reflationary aspects of large privatisations is the Holy Grail of reflation, the diversification of household balance sheets from cash (a risk-averse strategy) to risk assets.Inflation expectations are highly autoregressive – that is to say, deflationary consumption and saving behaviour tends to get…

The Holy Grail of Reflation: "from Savings to Investment"

<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/015/017/original/IRF_NewsShocks.png?1476919557" class="editor-image img-responsive" data-smartkarma-image-id="15017"></figure><div class="content-caption">"News Shocks" to the Japanese Economy (Source: Europacifica)</div><h2>Room for small hope amid bleak Japanese policy reform record</h2><p>Until now, our analysis of Japanese structural reform, centred upon raising Japanese productivity, has revealed few tendencies that might give us hope of an imminent and conclusive end to Japan's deflationary "lost decades" dynamic.  In <a href="https://www.smartkarma.com/insights/structural-reform-i-the-japanese-financial-sector" target="_blank" data-smartkarma-citation="insights:6375">Structural Reform I: The Japanese Financial Sector</a> we examined some of the structural characteristics within the financial sector that were…</p>

"News Shocks" to the Japanese Economy (Source: Europacifica)Room for small hope amid bleak Japanese policy reform recordUntil now, our analysis of Japanese structural reform, centred upon raising Japanese productivity, has revealed few tendencies that might give us hope of an imminent and conclusive end to Japan's deflationary "lost decades" dynamic.  In Structural Reform I: The Japanese Financial Sector we examined some of the structural characteristics within the financial sector that were…

Structural Reform III: Evidence of Bad Luck over Poor Policy

Japan

WisdomTree Japan Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond to the WisdomTree Japan Hedged Equity Index. The Fund invests in dividend paying companies incorporated in Japan and listed on the Tokyo Stock Exchange, while neutralizing the risk of the Japanese yen's fluctuations relative to the USD.

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Wisdomtree Japan Hedged Eq (DXJ US)

Japan: No Sign of Inflation Yet, but Manufacturing Is Resurgent

Export volumes recovering: Export value fell 6.9% y/y in September, after falling 9.6% in August. However, export volumes grew 4.7% in September,...

Manu Bhaskaran

The Prospects for Pension Reform in China

China’s introduction of pensions has been a brave effort continually embroiled in titanic headwinds. Issues frequently raised are lack of...

Bixmoor

President Park and the Eight Fairies

The political crisis now gripping South Korea, with allegations that the President is under the influence of a strange shamanistic cult, could not...

Bixmoor

The Holy Grail of Reflation: "from Savings to Investment"

Recent large government privatisations (Japan Post and JR Kyushu) have brought with it a positive tendency, as we pointed out in The Reflationary...

Naomi Fink

Structural Reform III: Evidence of Bad Luck over Poor Policy

Room for small hope amid bleak Japanese policy reform recordUntil now, our analysis of Japanese structural reform, centred upon raising Japanese...

Naomi Fink

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