Deutsche Securities chief economist Kentaro Koyama said the Bank of Japan would need to fully explain any decision to halt tapering of its monthly bond purchases, particularly after media reports that the government might tacitly permit further rate hikes only if tapering is stopped. He warned that if the BOJ both raises rates and stops tapering, markets and the public could interpret it as a political deal with the government, creating a serious risk of questions over the BOJ's independence.

美国5月新屋开工总数年化录得117.7万户，为2020年5月以来新低。

President Trump urged new Fed chair Kevin Warsh to remain independent, but markets expect Warsh's first policy meeting to hold rates. Comerica Bank chief U.S. economist Bill Adams says the Fed would likely need a fresh negative labour‑market shock—for example a deterioration in Middle East hostilities or material AI‑driven job losses—to justify cutting rates. Strong payroll gains over the past three months and Iran‑related upside to inflation have left little room for easing, and traders have shifted pricing from cuts toward possible hikes later this year or in early 2027.