America’s trade deals with Asian economies give them more time to improve their industrial sectors. Australia’s rental property investors borrow at their fastest rate in 10 years. Consumer confidence falls in New Zealand.
In our Deep-Dive interview, I talk to Tatsuya Terasawa, the CEO of Japan’s Institute of Energy Economics about why critical minerals supply chains are so important.
5 things to know in 5 minutes:
ANZ’s Chief Economist for Greater China, Raymond Yeung, has taken a close look at a swathe of trade deal announcements that came out of the big APEC summit late last week in South Korea, including how Asian economies now have more time to adjust.
Raymond says China’s ongoing moves to upgrade its industrial capacity to higher value products set a great example, of what other Asian economies needed to do to cope with the new era of tariffs.
Australian lending to the private sector rose 0.6% in September from August, leading to annualised growth of 7.3%, the highest growth rate in two and a half years. ANZ Economist Maddie Dunk says lending to rental property investors rose at its fastest rate since 2015.
New Zealand’s consumer confidence fell in October and remains near historically low levels, according to the ANZ-Roy Morgan survey out on Friday. ANZ Senior Economist Miles Workman says inflation is a key issue.
Cheers,
Bernard.
PS: Catch you tomorrow with part two of our deep-dive interview with Tatsuya Terasawa about the weaponisation of rare earths.
