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South Korea’s Q2 GDP Growth Hits Decade High but Risks Loom
The result would be no surprise for the BOK, which is expected to be the first Asian central bank to raise interest rates from pandemic-era lows, as growth and inflation return.
Japan’s Service Prices Rise for 4th Straight Month As Demand Rebounds
Rising commodity prices are also pinching margins for firms, many of which remain cautious of passing on the higher cost to customers due to weak household spending.
Asia Equities Tick Up, As Investors Look to the US
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.26% after touching its lowest level since mid-December on Monday, weighed down by big Chinese stocks.
Japan’s July Factory Activity Grows at Slowest Pace in 5 Months: PMI
The survey also showed the services sector continued to face severe conditions, with activity contracting at the fastest pace in five months and marking the 18th straight month of decline.
Transnet, which operates major South African ports, including Durban and Cape Town, and a huge railway network that transports minerals and other commodities for export, confirmed its IT applications were experiencing disruptions and it was identifying the cause.
Japan Sees Faster Progress in Balancing Budget Despite Pandemic
The new estimate, released on Wednesday, still leaves the government struggling to hit its goal of achieving a surplus by fiscal 2025, which many analysts see as unrealistic given the huge cost of shielding the economy from the pandemic's pain.
BOJ’s Price Outlook Views Muddled by Commodity Rise, Weak Spending: June Minutes
One member said Japan's consumer inflation could accelerate in the latter half of this year as demand recovers from the pandemic's initial hit, according to the minutes.