Japan’s Manufacturing PMI slipped back into contraction after one month of expansion.
Japan’s June Manufacturing PMI 49.8, as expected (last 50.6).
Q2 Tankan All Big Industry Capex 13.4% (expected 10.1%; last 3.2%).
Q2 Big Manufacturers Outlook Index 9 (expected 5; last 3)
Q2 Large Non-Manufacturers Index 23 (expected 22; last 20)
The Bank of Japan announced that the frequency and size of its bond purchases will not change in Q3.
Japan and the EU are reportedly discussing a broadening of their maritime, cyberspace, and supply chain security cooperation. The Reserve Bank of Australia is expected to raise its cash rate by 25 bps to 4.35% overnight.