Bank of Japan median core CPI projections: 2.5%, 2.4% and 2.0% for fiscal 2026–28; April medians were 2.8%, 2.3% and 2.0%.

USD/JPY briefly fell as much as 70 pips before a rapid rebound; currently down about 0.4% at 162.75.

Bloomberg reported July 30 that several US senators sent a joint letter to Apple CEO Tim Cook urging the company not to use storage chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC), even for products sold only in China. The senators noted both firms were added to the PENTAGON’s recently updated Chinese military companies list. Apple has been seeking to source storage chips from Chinese suppliers amid capacity shortages, tight supply and rising prices. Researcher Chen Jing at the Technology and Strategic Studies Society said Apple is not legally prohibited from procuring from Chinese firms and warned that politically driven barriers would damage normal Sino‑US corporate supply‑chain cooperation.