Bank of Japan policy board member Asada dissented on the interest-rate decision.

June 16 — National Bureau of Statistics spokesperson Wang Guanhua told a State Council Information Office briefing that although the producer price index (PPI) increase has widened, it is running relatively stable and prices for everyday consumer goods remain steady. He said the divergence reflects different coverage: PPI captures industrial-output prices and shows clear structural gains, while the consumer price index (CPI) covers all consumption categories, with larger weights on food and services that are less sensitive to industrial price swings. He added upstream industrial prices are more directly affected by international commodity moves, but pass-through to mid- and downstream sectors usually weakens due to market competition and technological progress, so transmission along the chain tends to attenuate.

Mainland A-shares closed mixed after intraday swings. Shanghai Composite fell 0.11%, Shenzhen Composite rose 0.93%, ChiNext gained 1.72% and the Beijing Stock Exchange 50 added 1.03%. Turnover across Shanghai and Shenzhen was CNY3.06 tln, up CNY33.5 bln from the previous session. Battery-related sectors led gains: EVE Energy and Lead Intelligent each climbed over 13%, and Fengyuan Gufen hit the daily limit. Supercapacitor names, including Jianghai, saw strong moves with multiple limit-ups. Power-grid equipment stocks were active; China XD Electric recorded a second consecutive limit-up, while Wangbian Electric and Great Wall Electric also hit limit-up. Weakness concentrated in ports and shipping: COSCO Shipping Energy fell nearly 9%, China Merchants Shipping dropped more than 6%, with China Merchants Nanyou and Qingdao Port among the laggards. Airport and airline-related stocks underperformed, led by Xiamen Airport, Spring Airlines and Juneyao Air.