Japan’s May flash Manufacturing PMI 53.2 (last 53.5) and flash Services PMI 51.7 (last 50.7). April BoJ Core CPI 1.4% yr/yr (expected 1.1%; last 1.1%)
South Korea’s May Consumer Confidence 102.6 (last 103.8)
Australia’s May flash Manufacturing PMI 55.3 (last 58.8) and flash Services PMI 53.0 (last 56.1)
New Zealand’s Q1 Retail Sales -0.5% qtr/qtr (last 8.6%) and Core Retail Sales 0.0% qtr/qtr (last 6.8%)
China Securities Journal speculated that special sovereign bonds may be issued to help the economy.
Former Japanese Prime Minister Abe said that Japan needs to spend at least JPY6.5 trln on defense.
Toyota expects to produce 850,000 units in June and 9.7 mln units in FY23.