Japan’s April Tokyo CPI 2.5% yr/yr (last 1.3%) and Tokyo Core CPI 1.9% yr/yr (expected 1.8%; last 0.8%)
Australia’s April AIG Services Index 57.8 (last 56.2)
Japan will reportedly expand its subsidies for pharmaceutical start-ups.
Japan’s Tokyo CPI increased at its fastest pace since 2014 in the headline reading for April while the core reading increased at its fastest pace since 2015.
Chinese government agencies and SOEs have reportedly been ordered to replace foreign PCs and software within two years.
The Reserve Bank of Australia expects that the wage price index will reach 3.0% by the end of the year.
The dollar reached its strongest level against the yuan since November 2020.