The Bank of Japan is expected to increase its inflation forecast for FY23/24 above 2.0%.
There was ongoing speculation that the Bank of Japan could alter its yield curve control policy later this month.
Japan’s May Industrial Production -2.2% m/m (expected -1.6%; last 0.7%) and Capacity Utilization -6.3% m/m (expected -2.5%; last 3.0%)