China Exports Rise, Imports Fall; Yen Holds Steady

In May, China's exports rose 4.8% year-on-year, though growth slowed sharply from April, largely due to a 35% drop in shipments to the United States amid ongoing trade tensions; exports to Southeast Asia and the EU partially offset this decline. Imports fell by 3.4% year-on-year, resulting in a trade surplus of $103.2 billion. China's Consumer Price Index (CPI) dropped 0.1% year-on-year in May, signaling weak domestic inflation and missing expectations. In Japan, Bank of Japan Governor Kazuo Ueda noted persistent economic uncertainty, with the BoJ maintaining accommodative financial conditions after moving away from ultra-loose monetary policy. The Japanese Yen has responded to these shifts, holding near 145.00 against the US dollar. Together, these figures highlight ongoing economic uncertainty and evolving trade dynamics in Asia.