Japan's government economic adviser Nagase said a modest Bank of Japan rate hike is crucial to correcting excessive yen depreciation.

斯泰兰蒂斯(STLA.N)：上半年美国销量同比增长5%。

Commerzbank strategist Volkmar Baur says markets price roughly a 50% chance of another RBA rate hike this year; he disagrees. Energy-driven upside risks have faded—oil has fallen since the last meeting—while downside risks from a meaningful fall in property prices are emerging and could dent consumer spending and growth. Baur says only a material rise in inflation would prompt the RBA to tighten again this year, and he does not expect that to occur.