Japan May goods trade balance, not seasonally adjusted: -¥378.7 billion vs -¥547.6 billion expected; April surplus revised to ¥299.3 billion from ¥301.9 billion.

港股建材水泥股震盪回暖，中國建材(03323.HK)漲超17%，中國聯塑(02128.HK)漲超5%，華建新材(06655.HK)、金隅集團(02009.HK)等跟漲。

The Bank of Japan, by a 7-1 vote, reviewed JGB market functioning and set its future purchase approach: long-term rates should be market-determined; predictable JGB purchases are appropriate, but the bank will retain flexibility to support market stability. Policy actions: from now through Jan–Mar 2027 the BOJ will, in principle, cut the monthly JGB purchase cap by about ¥200bn each calendar quarter; from April 2027 the monthly cap will be maintained at about ¥2 trillion. If long-term yields rise rapidly, the BOJ said it would respond flexibly — including increasing JGB purchases, conducting fixed-rate JGB purchase operations (both potentially outside the monthly cap), and providing funding operations secured by pooled collateral. The BOJ will not carry out a mid-term review of its direct JGB purchase plan but said it stands ready to adjust the pace of purchases at policy meetings if warranted by the bank’s basic approach and market developments.