Asia

Japan’s import growth shoots to 12.3% in May

Export growth, on the other hand remained negative at -10.3%, says DBS.

Japan’s import growth shoots to 12.3% in May

Export growth, on the other hand remained negative at -10.3%, says DBS.

Inflation woes: Chinese economy in peril with a record 5.5% CPI inflation in May

And worse, it is likely to reach its peak at 6% yoy in June, says Credit Suisse.

Japanese banks profits to remain flat through 2012

But Japanese banks should have little problem getting their tier 1 capital up to 7% through profits, says Fitch.

“Ignore risks to price stability at your peril”: HSBC

The bank warns that even though inflation has eased, Asia remains in the grip of a deteriorating growth-inflation trade off.

Thai export sales plummet 17.6% in May

Not much to smile about in the land of smiles then.

Thailand and Malaysia need to make urgent reforms

If not, problems lie ahead, say Morgan Stanley.

Chinese banks’ aggregated net profit up 33% to RMB 687.3 billion in 2010

The average ratio of non-performing loans of the 17 listed banks reduced from 1.58% at the end of 2009 to 1.14% at the end of 2010, says Ernst & Young.

China’s GDP growth forecast for 2011 falls to 8.7%

Credit Suisse says food and services inflation will rise.

China’s inflation shoots to 34-month high of 5.5% in May

This is due to the higher than expected food inflation which increased to 11.7%.

Chinese insurers dipping into Dim Sum bond market

Value Success International's recent Hong Kong issuance of RMB2billion in 3-year "dim sum" bonds was a success, says Moody’s.

HSBC warns of 15% drop in Chinese residential real estate prices

Over the next 12 months, we expect residential prices to fall by 15% in first-tier cities and by 5% in second-tier cities, says HSBC.

Tsunami-stricken Japan’s non-life insurance sector still resilient

This is despite earthquake losses for five major Japanese non-life insurers totaling PY400bn for the residential sector and JPY200bn for the commercial sector.

Japanese CMBS leads AsiaPac structured finance downgrades

This, as Japan accounts for over 90% of all negative rating actions in the region during 2010, says Fitch.

Asian Liquidity Stress Index stays strong for May

That is with only 12.3% of the Moody's rated portfolio of speculative-grade, non-financial corporate debt issuers deemed as having inadequate liquidity.

China: we are dumping the Yankee dollar

Singapore dollar expected to strengthen as China’s net purchases of US bonds turn negative.