<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2017/08/26/10/47/businessman-2682712__340.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2017/08/26/10/47/businessman-2682712__340.jpg"/></p>
<p><em>图片来源：Pixabay</em></p>
<p>中国的通胀数据预计在一月份将有所降温。其他重要发布包括台湾贸易、韩国失业率和日本的现金收入。</p>
<h3><strong>中国：价格预计将继续降温</strong></h3>
<p>中国将在周三发布一月份的 CPI 和 PPI 通胀数据。我们预计 CPI 通胀将同比增长 0.5%，略低于十二月的 0.8%，因为春节效应对数据产生影响。PPI 预计将连续第 40 个月保持负值，但预计将在本月商品价格上涨的情况下回升至约-1.3% 同比。中国 70 个城市的房价也预计将在下周五发布。由于该行业期待进一步的政策支持，房价预计将继续出现环比下降。</p>
<h3><strong>台湾：贸易持续强劲预期</strong></h3>
<p>台湾的一月份贸易数据将在周一发布。我们预计强劲的贸易数字将持续，出口同比增长 47.1%，进口增长 52.0%，导致贸易顺差为 134 亿美元。</p>
<h3><strong>韩国：失业率在新就业计划中将下降</strong></h3>
<p>我们预计韩国的失业率将在一月份显著下降至 3.2%，低于上个月的 4%。这种月度波动主要是由于政府就业计划的安排，大多数公共就业计划将在第一季度启动。</p>
<h3><strong>日本：现金收入将支持日本央行加息决策</strong></h3>
<p>日本的劳动现金收入预计将在强劲的冬季奖金中改善。本月，实际现金收入应转为正值，受益于近期通胀的下降。预计这一趋势将持续，支持日本央行在第二季度加息。</p>
<h3><strong>下周亚洲的关键事件</strong></h3>
<p><img src="https://imageproxy.pbkrs.com/https://think.ing.com/uploads/charts/_w800/Screenshot_2026-02-06_101733.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://think.ing.com/uploads/charts/_w800/Screenshot_2026-02-06_101733.png"/></p>
<hr/>
<p><em>更多来自此作者的内容：</em></p>
<p>外汇日报：疲软的劳动数据抑制了防御性美元的反弹</p>
<p>利率快讯：美国国债转向并寻求安全</p>
<p>美国招聘放缓指向更弱的就业数字</p>

TR 韩国

中国 MSCI ETF - iShares

招商中证全指证券公司指数A

<p>中国的通胀数据预计在一月份将有所降温，CPI 同比为 0.5%，PPI 同比为-1.3%。台湾的贸易数据预计将显示强劲增长，出口增长 47.1%，进口增长 52.0%。韩国的失业率预计将降至 3.2%，这得益于新的就业计划。日本的现金收入预计将改善，支持日本银行可能的加息。下周将发布这些国家的关键经济指标</p>

<p><img src="https://imageproxy.pbkrs.com/https://cdn.pixabay.com/photo/2017/08/26/10/47/businessman-2682712__340.jpg" alt="" original-src="https://cdn.pixabay.com/photo/2017/08/26/10/47/businessman-2682712__340.jpg"/></p>
<p><em>Image Source: Pixabay</em></p>
<div class="lb-trans"><p><em>图片来源：Pixabay</em></p>
</div><p>China’s inflation data is likely to cool in January. Other key releases include Taiwan trade, South Korea's jobless rate and Japan’s cash earnings.</p>
<div class="lb-trans"><p>中国的通胀数据预计在一月份将有所降温。其他重要发布包括台湾贸易、韩国失业率和日本的现金收入。</p>
</div><h3><strong>China: Prices expected to continue cooling</strong></h3>
<div class="lb-trans"><h3><strong>中国：价格预计将继续降温</strong></h3>
</div><p>China releases its January CPI and PPI inflation data on Wednesday. We expect CPI inflation to come in at 0.5% year-on-year, slightly lower than December’s 0.8%, as the Lunar New Year effect weighs on the data. The PPI is likely to remain negative for the 40th consecutive month, though it is expected to move higher to around -1.3% YoY amid higher commodity prices this month. China’s 70-city property prices are also expected to be released next Friday. Prices are likely to continue to see sequential declines as the sector awaits further policy support.</p>
<div class="lb-trans"><p>中国将在周三发布一月份的 CPI 和 PPI 通胀数据。我们预计 CPI 通胀将同比增长 0.5%，略低于十二月的 0.8%，因为春节效应对数据产生影响。PPI 预计将连续第 40 个月保持负值，但预计将在本月商品价格上涨的情况下回升至约-1.3% 同比。中国 70 个城市的房价也预计将在下周五发布。由于该行业期待进一步的政策支持，房价预计将继续出现环比下降。</p>
</div><h3><strong>Taiwan: Continued strength in trade expected</strong></h3>
<div class="lb-trans"><h3><strong>台湾：贸易持续强劲预期</strong></h3>
</div><p>Taiwan’s January trade data will be released on Monday. We look for strong trade numbers to continue, with 47.1% YoY export growth and 52.0% import growth, resulting in a trade surplus of $13.4bn.</p>
<div class="lb-trans"><p>台湾的一月份贸易数据将在周一发布。我们预计强劲的贸易数字将持续，出口同比增长 47.1%，进口增长 52.0%，导致贸易顺差为 134 亿美元。</p>
</div><h3><strong>South Korea: Jobless rate to drop amid new job programmes</strong></h3>
<div class="lb-trans"><h3><strong>韩国：失业率在新就业计划中将下降</strong></h3>
</div><p>We expect South Korea’s jobless rate to drop significantly to 3.2% in January from 4% the previous month. This monthly fluctuation is primarily due to the government job programmes schedule, with most public job programmes launching in the first quarter.</p>
<div class="lb-trans"><p>我们预计韩国的失业率将在一月份显著下降至 3.2%，低于上个月的 4%。这种月度波动主要是由于政府就业计划的安排，大多数公共就业计划将在第一季度启动。</p>
</div><h3><strong>Japan: Cash earnings to support BoJ hiking decisions</strong></h3>
<div class="lb-trans"><h3><strong>日本：现金收入将支持日本央行加息决策</strong></h3>
</div><p>Japan’s labour cash earnings are expected to improve amid strong winter bonuses. This month, real cash earnings should turn positive, helped by the recent drop in inflation. This trend is expected to persist, supporting BoJ rate hikes in the second quarter.</p>
<div class="lb-trans"><p>日本的劳动现金收入预计将在强劲的冬季奖金中改善。本月，实际现金收入应转为正值，受益于近期通胀的下降。预计这一趋势将持续，支持日本央行在第二季度加息。</p>
</div><h3><strong>Key events in Asia next week</strong></h3>
<div class="lb-trans"><h3><strong>下周亚洲的关键事件</strong></h3>
</div><p><img src="https://imageproxy.pbkrs.com/https://think.ing.com/uploads/charts/_w800/Screenshot_2026-02-06_101733.png" alt="" original-src="https://think.ing.com/uploads/charts/_w800/Screenshot_2026-02-06_101733.png"/></p>
<hr/>
<div class="lb-trans"><hr/>
</div><p><em>More By This Author:</em></p>
<div class="lb-trans"><p><em>更多来自此作者的内容：</em></p>
</div><p>FX Daily: Soft Labor Data Holds Back Defensive Dollar Rally</p>
<div class="lb-trans"><p>外汇日报：疲软的劳动数据抑制了防御性美元的反弹</p>
</div><p>Rates Spark: U.S. Treasuries Turn Tail And Dive For Safety</p>
<div class="lb-trans"><p>利率快讯：美国国债转向并寻求安全</p>
</div><p>U.S. Hiring Slowdown Points To Weaker Jobs Numbers</p>
<div class="lb-trans"><p>美国招聘放缓指向更弱的就业数字</p>
</div>

Asia Week Ahead: Chinese Inflation And Key Data On South Korea, Taiwan, And Japan

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Asset Management One Co., Ltd.

亚洲本周展望：中国的通胀数据以及韩国、台湾和日本的重要数据