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Bank of Japan Governor Ueda said CPI YoY growth could rise markedly, especially in fiscal 2026.

2026-06-03

Bank of Japan Governor Ueda said CPI YoY growth could rise markedly, especially in fiscal 2026.

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2026-06-03

Traders are reluctant to push USD/JPY above the 160 threshold amid intervention risk; the yen slipped Wednesday morning toward 160, its weakest since authorities intervened at end‑April. Japan spent a record JPY 11.73 tln (about $73.35 bln) supportin

Traders are reluctant to push USD/JPY above the 160 threshold amid intervention risk; the yen slipped Wednesday morning toward 160, its weakest since authorities intervened at end‑April. Japan spent a record JPY 11.73 tln (about $73.35 bln) supporting the currency between Apr.28 and May.27. Finance Minister Satsuki Katayama reiterated officials stand ready to respond to FX volatility as needed. Gaitame.com Institute analyst Tsutomu Nakamura said intervention fears intensified as USD/JPY neared 160, creating a psychological battle and making a test of 160 possible at any time. Limited progress in US‑Iran permanent cease‑fire talks and a large US‑Japan interest‑rate differential after the BOJ held rates in April are adding pressure. BOJ governor UEDA is due to speak Wednesday afternoon ahead of the June 16 policy meeting. Overnight index swaps implies roughly an 84% probability of a rate hike this month.
2026-06-03

Hong Kong's Food and Environmental Hygiene Department Center for Food Safety has initiated a precautionary recall of a 750g Hong Kong-import batch of Jinlingguan Zhenhu Platinum Stage 3 infant formula after sampling detected possible Bacillus cereus

Hong Kong's Food and Environmental Hygiene Department Center for Food Safety has initiated a precautionary recall of a 750g Hong Kong-import batch of Jinlingguan Zhenhu Platinum Stage 3 infant formula after sampling detected possible Bacillus cereus heat‑stable toxin. The affected pack was produced on 23 April 2025 with a best‑before date of 22 April 2027; origin listed as Inner Mongolia and imported by Hong Kong Jinze Trading Co. Yili, owner of the Jinlingguan infant‑formula brand, told customers it has investigated and found no link between its products and the incident and that no counterfeit products have been identified.
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