Not sure this fully disproves the argument. One can always claim hyperscalers have pushed duration supply much higher than expectations had priced in.

Receipts

Probably not

Podcast Episode · Moody’s Talks - Global Economy Unwrapped · September 25 · 42m

Gaurav, Stefan and Denise take the temperature of the Asia-Pacific economy, where the AI boom keeps powering ahead and Taiwan's exports have overtaken Japan's for the first time. The team digs into wh...

GDP figures across AI-focused Asian hubs look strong, but they mask a broader economic weakness as weak domestic demand, escalating energy costs, new US tariffs, and high interest rates weigh on the n...

Sift through the filings of pension funds and insurers around the world and one thing stands out: some of the biggest holders of US assets have little protection against a weaker dollar, leaving the c...

Growth is holding up despite renewed tensions over trade, geopolitics and bond markets, though the AI boom’s outsize role is a growing concern.

Investing Podcast · Updated Biweekly · Join Gaurav Ganguly, chief international economist at Moody’s Analytics, as he unpacks the forces shaping the global economy. In Global Economy Unwrapped, Gaurav...

政府の2027年度予算編成に向け、各省庁が提出する概算要求の一般会計総額が初めて130兆円超となる見通しになったことが21日、判明した。4年連続で過去最大を更新する。高市早苗政権が掲げる「責任ある積極財政」の下、新設された投資枠では各省庁が要求する予算の上限が設けられておらず、規模感が注目されてい

Stefan Angrick from Moody's Analytics says Bank of Japan and the Takaichi adminsitration are actually more aligned than how they appear from the outside. He stresses that inflation in Japan "is going ...

Gaurav, Stefan, and Denise sit down with Dong He, Chief Economist of the ASEAN+3 Macroeconomic Research Office, for a wide-ranging look at Asia's economic outlook. With the ceasefire between Iran and ...

YouTube video by Bloomberg Television

Gaurav, Stefan and Denise turn their attention back to Asia-Pacific after months dominated by the Middle East conflict. With signs that shipping through the Strait of Hormuz is beginning to resume, th...

Japan fell behind China to rank as the world's third-largest net creditor in ​2025, marking a further decline in global rankings ‌despite its net external assets hitting an all-time record, the Financ...

Japan’s economy is caught between a dismal trade outlook and fragile domestic demand. Conflict...

Podcast Episode · Moody’s Talks - Global Economy Unwrapped · 29 May · 55min

Artificial intelligence is concealing a China shock

物価高と賃上げが重なり「ステルス増税」が進んでいる。低インフレだったコロナ危機前と比べ、2025年の家計の税負担は年2兆円ほど増えた。政府が所得税の区分を柔軟に調整していないため税率が上がる問題が大きい。明確な増税なしに国民の税負担率が高まる「ステルス増税」はインフレ下で生じやすい。第一ライフ資産運用経済研究所の星野卓也氏は国税庁の民間給与実態統計調査をもとに日本の実態を試算した。19～25

Podcast Episode · Moody’s Talks - Global Economy Unwrapped · 22 May · 56min

Gaurav, Denise, Stefan and Andrew unpack the fallout from President Donald Trump’s closely watched meeting with President Xi Jinping in Beijing. With plenty of warm words but few concrete breakthrough...

Move follows warning from Japan's top currency diplomat

Sensitivity to the weak currency has risen since the eruption of war in the Middle East

Japanese FX intervention has been in the headlines lately, as the yen's depreciation has prompted Japanese authorities to step into the m...

Stefan Angrick of Moody's Analytics says central banks might not be as aggressive as they were during the Covid-19 economic crisis given that monetary policy isn't well equipped to deal with the commo...