Bank of Japan board member Sato Ayano said it is difficult to determine whether recent inflation is being driven by costs or by demand.

Jiangxi province issued an orange torrential rain warning and a blue flood alert early this morning. The Jiangxi Meteorological Observatory upgraded to orange at 08:52 after heavy rain hit Jingdezhen and northern parts of Shangrao and Nanchang over the past three hours; another 30–50 mm is expected over the next three hours, locally exceeding 60 mm, with short-duration intense downpours and thunderstorms. A hydrology monitoring center at 08:30 issued a blue flood warning for the Chang River in Jingdezhen’s urban section, forecasting a flood roughly 1.0 m above the warning threshold within about eight hours.

HKEX filing shows JP Morgan increased its short position in Zijin Mining (02899.HK) H‑shares to 6.58% from 5.98% on June 24.