The Ministry of Agriculture and Rural Affairs said the Agricultural Products Wholesale Price 200 Index was 110.35 on July 8, down 0.08 points from the previous day; the "vegetable basket" wholesale price index was 109.96, down 0.09 points. As of 14:00, national wholesale prices were: pork 15.43 yuan/kg (-0.1%); beef 65.78 yuan/kg (-1.1%); mutton 64.30 yuan/kg (+0.1%); eggs 9.49 yuan/kg (+0.2%); dressed chicken 17.34 yuan/kg (+0.2%).

Japan’s seasonally adjusted bank lending excluding trusts rose 6.3% YoY in June, the strongest pace since August 2020, driven by M&A, real estate and recovery-related loans, the BOJ said. The central bank said the data show credit channels remain open, reinforcing its view that financial conditions are still accommodative even after Governor Ueda raised the policy rate to its highest since 1995 last month. The BOJ cautioned the latest lending figures may not yet reflect the June rate rise; policymakers have repeatedly cited financial conditions as a key input when weighing further tightening. Robust loan demand suggests higher borrowing costs have not curbed corporate investment or household activity, supporting the case that the economy can absorb additional policy normalization. The BOJ’s Tankan showed corporate financial conditions improved for the first time in a year, and large firms reported easier commercial paper issuance conditions.

South Korea's KOSPI fell below 7,200 points, down more than 6% intraday.