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This Week in Asia: Rates, bands and where capital is actually moving

Analysis

2 Oct 2026

This Week in Asia: Rates, bands and where capital is actually moving

From Tokyo’s policy calendar to private-market under-allocation and another round of private-bank hiring, the week ending 2 October left a clear message for CIOs and heads of allocation. Japan is again a rates-and-governance story, Asia private markets remain structurally under-owned relative to GDP weight, and franchise building in private wealth has not paused.

Private credit is still wanted. The easy allocation phase is over.

Opinion

29 Sep 2026

Private credit is still wanted. The easy allocation phase is over.

Global asset-owner surveys still show net positive intentions for private credit, but the intensity has cooled from last year’s peak as valuations and selectivity move up the agenda. In Asia, institutional capital continues to build dedicated Asia private-credit capacity even while global programmes become more disciplined. The investment question is underwriting quality, not whether the asset class remains open.

Insurers still have a fixed-income job. Compressed spreads do not retire it.

Opinion

22 Sep 2026

Insurers still have a fixed-income job. Compressed spreads do not retire it.

For liability-driven insurance general accounts, elevated government-bond yields still support an income lock-in case, while tight credit spreads argue for selectivity rather than blanket carry. Thematic equity, including Asia supply-chain and technology exposure, remains a sized sleeve, not a substitute for the cash-flow core.

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