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Japan Jun Exports +19.4% Y/Y; 16th Monthly Rise

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Coiling Ahead Of BoJ & ECB

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CHINA
CHINA: The PBOC injected CNY60 billion and CNY40 billion in 7-day and 14-day
reverse repos on Thursday, with rates unchanged at 2.55% and 2.70%,
respectively, to cushion the impact of maturing reverse repos and to stabilize
liquidity condition as the half-year point approaches, according to a statement
on the PBOC website. The statement also said that, considering the PBOC is
paying interests to required reserves and rising fiscal expenditures towards the
month-end, the liquidity amount will become higher. 

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