Japan's current account figure for June came in at 1.533 trillion yen, lower than the 1.789 trillion yen expected by economists polled by Reuters.
Global equities and currencies plunged earlier this week after the Bank of Japan hiked interest rates to their highest levels since 2008, and the U.S. released weaker-than-expected employment numbers.
On Thursday, investors in Asia will assess trade data from Japan and interest rate decision from the Reserve Bank of India.Japan's current account figure for June came in at 1.533 trillion yen, lower than the 1.789 trillion yen expected by economists polled by Reuters.The Bank of Japan released afrom their monetary policy meeting in July, revealing that some BOJ members had proposed more rate hikes.
"Assuming that the price stability target will be achieved in the second half of fiscal 2025, the Bank should raise the policy interest rate to the level of the neutral interest rate toward that time," the summary read. The level of the neutral rate appears to be at least around 1% with the Bank needing to raise the policy interest rate in a timely and gradual manner, it added.Cathay Pacific, Hong Kong's largest airline,
that it would buy 30 Airbus A330-900 wide-body aircrafts, with an option to buy another 30. The average price of each aircraft is estimated to be about $11 billion, with deliveries expected by the end of 2031.
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