Other news

Japan’s key inflation gauge rose more than expected to a new two-year high. According to the Ministry of Internal Affairs, consumer prices excluding fresh food climbed 3.7% from a year earlier in May. That is the steepest rise since January 2023.

A decrease of the indicator value may contribute to the fall in quotes of JPY.

According to Reuters, the Bank of Japan (BOJ) is taking a cautious approach to reducing its balance sheet. This decision may delay the repatriation of capital to Japan and slow the convergence of yields between foreign and domestic bonds.

JX Advanced Metals Corp. plans to reduce its refined copper production by tens of thousands of tons, according to a company spokesperson, who did not specify exact numbers. The reason for the decline is a shortage of raw materials.

No change of the indicator value may reduce the volatility of the related markets.

Thailand announces five-year tax exemption for cryptocurrency sales profits. This measure will be in effect from 2025 to 2029 and applies to transactions made through platforms licensed by Thailand's Securities and Exchange Commission.

In June, the UK consumer confidence increased and reached its highest level since December of last year. The most noticeable increase in optimism was among Gen Z. She suggests that the increase in the minimum wage since April could have positively impacted the personal finances of young people.

The Bank of Japan (BOJ) is unlikely to raise interest rates this year unless US tariff policy takes a positive turn, said former central bank chief economist Seisaku Kameda.

Bank of Canada governor Tiff Macklem expressed concern that inflation may remain elevated despite its recent decline to 1.7%. The central bank maintained its key rate at 2.75%, citing a steady increase in the so-called core inflation.

China’s copper output stayed at record highs last month even as smelter processing fees plunged, tightening global competition for feedstock, Bloomberg reports.