Federal Reserve's HAMMACK said inf may require policy support to reach 2%.

Forbes real-time list shows SoftBank founder and CEO Masayoshi Son's net worth rose to US$100.7bn on June 2, surpassing Mukesh Ambani and Gautam Adani. SoftBank shares rallied as much as 14.71% yesterday, lifting market value to ¥48.0 trillion (about US$306bn) and briefly overtaking Toyota’s roughly ¥46.0 trillion, ending Toyota’s more-than-20-year run as Japan’s largest listed company by market cap. At today’s Tokyo close SoftBank market cap was ¥49.3 trillion versus Toyota ¥44.92 trillion.

Sinopec Shanghai Petrochemical and the Shanghai Research Institute of Petrochemical have overcome key technical hurdles and achieved commercial-scale production of wet-process T1000-grade high-performance carbon fiber. Each tow comprises 12,000 filaments; individual filament diameter is about one-tenth that of a human hair, and a single tow can reportedly pull a roughly 10-ton medium truck.