Economic Growth Outlook - The Thai Fiscal Policy Office (FPO) has revised the GDP growth forecast for 2025 from 2.4% to 2.2%, while maintaining the 2026 growth forecast at 2% [1] - The downward adjustment for 2025 is attributed to a lower-than-expected economic growth rate of 1.2% in the third quarter, significantly impacted by refinery shutdowns in October and November [1] - A rebound in economic growth is observed in the fourth quarter, with an increase of 1.8%, driven by consumer stimulus measures [1] Tourism and Private Investment - By 2026, GDP growth is expected to benefit primarily from the tourism sector, with foreign tourist arrivals projected to reach 35.5 million, a 7% increase from 32.9 million in the previous year [1] - Private investment is anticipated to grow by 3.2% this year, up from 2.9% in the same period last year, supported by projects approved by the investment committee [1] Inflation and Currency Exchange Rate - The overall inflation rate for 2025 is expected to decrease by 0.1%, followed by a rise of 0.3% in the subsequent year, remaining below the central bank's target range of 1%-3% [1] - The average exchange rate for 2026 is projected at 35.5 Thai Baht per US dollar, while the average for 2025 is estimated at 32.9 Thai Baht per US dollar [2]

Core Insights - The core inflation rate in Singapore for November 2025 remains stable at 1.2%, unchanged from October [1] - Overall inflation rate (CPI-All Items) also holds steady at 1.2%, consistent with the previous month [1] - The stability in core inflation is attributed to rising service sector inflation being offset by declining retail and other goods inflation, as well as a larger drop in electricity and gas costs [1] Detailed Breakdown - Service sector inflation increased slightly from 1.8% to 1.9%, driven by higher costs in point-to-point transport services and health insurance [1] - Retail and other goods inflation decreased from 0.4% to 0.3%, primarily due to falling prices in clothing, footwear, and personal care products [1] - Electricity and gas prices saw a more significant decline, with a year-on-year drop of 4.1%, mainly due to reduced electricity costs [1] - Private transport inflation slowed from 3.8% in October to 3.5%, attributed to a narrowing increase in car prices [1] - Accommodation inflation remained unchanged at 0.3% [1] Future Outlook - The Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry (MTI) project the core inflation rate for the entire year of 2025 to be around 0.5%, with overall inflation expected to range between 0.5% and 1.0% [2] - For 2026, both core and overall inflation rates are anticipated to fall within the range of 0.5% to 1.5% [2] - The inflation outlook remains uncertain, with geopolitical developments potentially raising import costs, while weaker-than-expected global demand could keep core inflation low for an extended period [2]

Group 1 - The core viewpoint of the articles highlights increasing pressure within the Bank of Japan to abandon a vague inflation indicator, with calls for a more hawkish approach focusing on overall inflation rates [1] - The USD/JPY exchange rate has shown an upward trend, currently trading around 147.36, reflecting a 0.12% increase from the previous close of 147.18 [1] - Bank of Japan Governor Kazuo Ueda stated that "potential inflation" remains below the central bank's 2% target, which justifies a gradual rate hike [1] Group 2 - The daily momentum indicators show a mild bearish trend, while the Relative Strength Index (RSI) remains stable, indicating a consolidation phase for the exchange rate [2] - Key resistance levels are identified at 147.90 (21-day moving average) and the 149.40-149.50 range, which includes the 200-day moving average and the 50% Fibonacci retracement level [2] - Initial support is found at the 38.2% Fibonacci retracement level of 147.10, with further support at 146.20 (50-day moving average) [2]