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We hadn't expected the scorching 3.6% year-over- year growth rate in Japan's June average wages
China's National People's Congress is set to convene its annual meeting next week.
It is looking increasingly likely that core inflation, which already has fallen to 2.1% in May, from a peak of 2.7% last year, will slip below 2% next year.
This week's labour market report--primarily reflecting conditions in March, though some data refer to April--will lift the veil on the initial economic damage from Covid-19, though the full horror will emerge only later.
Hideous though the official April payroll numbers were, the chances are that they'll be revised down.
The Bank of Korea yesterday laid out its conditions for following July's rate cut with another.
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