Japan core inflation rate falls to 1.4% y/y
Japan’s core inflation rate has hit a four-year low, coming in at 1.4% y/y in April.
This is lower than the expected 1.7%. The Reserve Bank of India is set to hand over 3.05 trillion to the government in a record transfer.
The PBOC has set the USD/CNY reference rate for today at 6.8373, higher than the estimated 6.7992. New Zealand’s Q1 2026 retail sales beat estimates, rising 0.9% q/q.
Oil prices are seen capped near $100 as Iran war demand destruction offsets supply loss.