U.S. Vice President Vance said he is very satisfied with progress on Iran and that a mechanism will be set up to keep the Strait of Hormuz open.

Japanese Prime Minister Takaichi said she accepts the Bank of Japan’s recent rate hike and reiterated the need for close government–BoJ coordination on monetary policy. She said the government expects the central bank to act in line with economic, price and financial developments to sustainably achieve a 2% price-stability target. May nationwide CPI rose 1.4% YoY, partly held down by state aid capping energy costs. Takaichi’s administration has prepared a supplementary budget to cushion households from the Middle East shock in coming months. The BoJ expects conflict-driven higher energy prices to add notable upside to inflation, lifting economists’ odds of another BoJ hike this year, possibly as early as September.

China processed 6.667 mln entries and exits over the Dragon Boat holiday, averaging 2.222 mln per day, up 12.9% YoY; single-day peak 2.308 mln on June 20. Mainland residents accounted for 2.921 mln (up 5.5% YoY), Hong Kong/Macau/Taiwan residents 2.969 mln (up 18.4%), and foreigners 0.777 mln (up 23.3%); visa‑free inbound arrivals totaled 0.266 mln (up 15.2%). Border transport inspections reached 305k vehicle/vessel/train runs, up 16% YoY.