South Korea’s exports were down 3.4% through the first 20 days of June while chip exports were up 1.9%.
Japan’s Finance Minister Suzuki said that current inflation is due to higher commodity prices and that Japan’s fiscal health has not worsened.
The Reserve Bank of Australia’s latest policy minutes showed that the central bank is considering a 25- or a 50-bps rate hike in July and an agreement that inflation will not return to target if current policy is maintained.
Hong Kong’s May CPI was up 1.2% yr/yr (expected 1.9%; last 1.3%).