Japan's June PPI accelerated year-on-year to 7.1% while central bank signals further interest rate hikes, pressuring global risk sentiment.
Macro & Markets ·
Japan's June producer price index rose 7.1% year-on-year, accelerating from 6.6% in the prior period, though monthly gains slowed to 0.4% from 1.1%. The Bank of Japan's signaling of additional interest rate increases has driven yields higher on Japanese government bonds, weighing on broader market risk appetite.