cenc determined that at 22:44 on July 2 a magnitude-4.5 earthquake occurred offshore Yilan County, Taiwan, with a focal depth of 90 km.

Switzerland June CPI YoY 0.5% (exp. 0.5%), previous 0.6%.

A private member of Japan’s Council on Economic and Fiscal Policy said the Bank of Japan should continue raising rates at a moderate pace, ideally every six months, to correct excessive yen depreciation. He said that pace would not harm domestic investment and expects the BOJ to hike at year-end, again in summer next year, then pause. He added he personally regards a June hike as appropriate, warning that delaying would risk further yen weakness and hurt households.