MNI China Daily Summary: Wednesday, July 3

MNI BRIEF:BOJ Q1 Output Gap Hits 16th Negative Reading In Row

MNI: PBOC Sets Yuan Parity Higher At 7.1312 Weds; -0.34% Y/Y

MNI: PBOC Net Drains CNY248 Bln Via OMO Weds; Rates Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1312 WEDS VS 7.1291

PPI a Tenth Softer than Exp; Further NEIG HICP Disinflation to Come?

MNI: EUROZONE MAY PPI -0.2% M/M, -4.2% Y/Y

Services PMI points to wage bills increasing operating expenses

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

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Japanese Utilities to See Impact If US LNG Pause is Long-Term

LNG

Japanese electric utilities will not be affected in the short-term by the US’ pause on new LNG export permits, but may face issues if the halt becomes long-term, according to Reuters.

  • The Biden administration paused approvals for applications to export LNG to review the economic and climate impact of new projects.
  • Kazuhiro Ikebe, chairman of Japan's federation of electric utilities, said that the move will have limited impact on LNG procurement among Japanese companies as projects which already hold permits are unaffected.
  • However, he also warned that a long-term pause would have a major impact on global LNG supply and demand, Reuters reported.
  • Japan is the world’s second-largest LNG importer after China.
Energy BulletsBank of Japan (BOJ) Market NewsCommodities
Energy BulletsBank of Japan (BOJ) Market NewsCommodities

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