Living with High Debt in Japan – Why Market Valuation Matters
May 13, 2026
Japan currently does not face immediate financing stress. The structure of the JGB market remains favorable.
May 13, 2026
Aruhan Rui Shi, Koon Hui Tee, Paolo Hernando
Japan currently does not face immediate financing stress. The structure of the JGB market remains favorable.
April 13, 2026
Byunghoon Nam, Chaeyeon (Olivia) Song, Dek Joe Sum, Ginanjar Wibowo, Guohua Huang, Koon Hui Tee, Ravisara Hataiseree, Sekar Utami Setiastuti, Seung Hyun (Luke) Hong, Yiwei Wang
This year’s report provides a comprehensive assessment of recent fiscal developments and the fiscal outlook for ASEAN+3 economies in FY2025.
April 7, 2026
Singapore’s public debt is largely used to meet specific long-term objectives.
March 10, 2026
Koon Hui Tee, Seung Hyun (Luke) Hong
Special transfers expenditure has evolved into a key fiscal instrument—designed to respond to short-term pressures and advance long-term socio-economic priorities.
February 12, 2026
Aruhan Rui Shi, Koon Hui Tee, Paolo Hernando, Pim-orn Wacharaprapapong, Runchana Pongsaparn, Shunsuke Endo
Japan’s GDP growth is projected to strengthen to 1.2 percent in 2025, before easing to 0.8 percent in 2026.
December 9, 2025
Catharine Kho, Koon Hui Tee, Laura Britt-Fermo, Leilei Lu, Pim-orn Wacharaprapapong, Runchana Pongsaparn, Yoki Okawa
Singapore’s economic growth is projected to moderate to 4.1 percent in 2025 and 2.5 percent in 2026.
August 21, 2025
ASEAN+3 economies face a fiscal policy crossroads as they confront both external headwinds and domestic structural challenges.
June 26, 2025
Japan has made steady progress in applying EBPM across various ministries and agencies to strengthen spending efficiency and fiscal prudence.
May 27, 2025
Japan’s demographic headwinds remain a significant structural challenge, threatening long-term sustainability. What do these forces mean for Japan’s regional banks?
March 4, 2025
Aruhan Rui Shi, Koon Hui Tee, Paolo Hernando, Pim-orn Wacharaprapapong, Runchana Pongsaparn, Shunsuke Endo, Wee Chian Koh
The Japanese economy is projected to grow at 1.3 percent in 2025. While inflation has eased, it is expected to remain above the Bank of Japan’s target.