- Prior was 4.1%
- PPI q/q +0.9% vs +0.9% prior
- Export prices -2.1% vs 5.6% prior
- Import prices -1.8% vs 1.1% prior
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Japan's core inflation holds steady at 2.1% in May, meeting forecasts. Energy subsidies temper price hikes.
BoJ Deputy Governor Himino said the bank expects to keep raising rates, flagged risk of underlying inflation deviating from target, and warned FX moves now have a larger inflation impact than historically.
China says Australian beef imports hit 100% of quota on June 18th What they gonna eat, nothing burgers? Anyway, probably will give AUD a wobble lower.
Intel jumps 10% on Trump's Intel-Apple chip deal news. iPhone prices may rise.
Japan May inflation data: Headline 1.5% y/y (expected 1.5%) Core 1.4% (expected 1.4%). This marks the fifth month in a row that both headline and core inflation have been below the BOJ's 2% target.
UK GfK consumer confidence held at -23 in June, matching May and beating the Reuters poll forecast of -24, but sub-indices revealed deteriorating sentiment among younger consumers and on personal finances.
New Zealand May 2026 trade data, exports and imports both up from April. Trade surplus for the month.
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