AMRO’s 2025 Annual Consultation Report on Japan
February 12, 2026
Japan’s GDP growth is projected to strengthen to 1.2 percent in 2025, before easing to 0.8 percent in 2026.
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.
May 13, 2025
Japan introduced an important reform to its foreign labor policy as part of ongoing efforts to leverage foreign manpower to address labor shortages.
April 15, 2025
Allen Ng, Andrew Tsang, Anthony Tan, Byunghoon Nam, Catharine Kho, Chunyu Yang, Fan Zhai, Haobin Wang, Jade Vichyanond, Jinho Choi, Jungsung Kim, Lay Lay Aung, Megan Chong, Naoaki Inayoshi, Nguyen Thi Kim Cuc, Pim-orn Wacharaprapapong, Poh Lynn Ng, Seung Hyun (Luke) Hong, Tanyasorn Ekapirak, Vanne Khut, Wanwisa May Vorranikulkij, Wee Chian Koh, Xianguo (Jerry) Huang, Yuhong Wu
The ASEAN+3 region maintained stable growth of 4.3 percent in 2024 despite various uncertainties and is positioned to remain resilient.
March 25, 2025
Although the hiking cycle has ended with the BSP cutting the policy rate in August 2024, it is worth examining why bank lending rates were so sticky in this last tightening cycle.
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.
December 2, 2024
Andrew Tsang, Chunyu Yang, Jinho Choi, Pim-orn Wacharaprapapong, Runchana Pongsaparn, Sopheawattey San, Su Su Hlaing
In the first three quarters of 2024, the Philippine economy grew steadily at 5.8 percent, bolstered by a recovery in public consumption and construction investment, as well as export recovery.
October 17, 2024
Dek Joe Sum, Pim-orn Wacharaprapapong, Runchana Pongsaparn, VansopheaktraOdorm Tep, Wee Chian Koh, Yin Fai Ho
Malaysia’s growth momentum is expected to be sustained this year and next, driven by resilient domestic demand and a recovery in external demand.
April 15, 2024
Hoe Ee Khor, Pim-orn Wacharaprapapong, Runchana Pongsaparn
This paper sheds light on pandemic-related central bank balance sheet tools and ensuing normalization, with a particular focus on ASEAN-4 economies.
February 19, 2024
With excess liquidity in the Philippine banking system, the BSP must borrow or ‘withdraw’ liquidity from the market to prevent market rates from falling below the policy rate.