The rebuild of our second-largest city following a major earthquake in 2011, and high inward migration, were both less inflationary than we expected. These were material factors that contributed alongside the global issues facing many other countries in the Asia Pacific region. Consistent with our dual mandate, our research agenda has also placed a particular focus on understanding the labour market.
Mr Asif Raza  Mr Asif Raza is head of Asia Pacific trade & logistics Management for JPMorgan Treasury Services and based in Singapore. In this capacity, Asif is responsible for origination, structuring, product management, insurance, distribution activities and continue business growth in Asia-Pacific.