Key facts
- The Bank of Japan is widely expected to raise interest rates by 25 basis points.
- G7 leaders will meet in Evian, France, with artificial intelligence expected to be a prominent topic.
- U.S. President Donald Trump will attend the G7 summit.
- Myanmar's President Min Aung Hlaing is visiting China.
- The Federal Reserve's monetary policy meeting will be the first under new Chair Kevin Warsh.
The Bank of Japan is widely expected to implement a 25 basis point interest rate hike, marking a significant policy shift supported by four consecutive months of real wage growth. This move comes as global geopolitical tensions and economic challenges remain prominent.
Concurrently, leaders from the Group of Seven nations are set to convene in Evian, France, for a summit where artificial intelligence is anticipated to be a key discussion point. U.S. President Donald Trump has confirmed his attendance.
In diplomatic developments, Myanmar's President Min Aung Hlaing is commencing a state visit to China. Meanwhile, the U.S. Federal Reserve will hold its monetary policy meeting, which will be the first under the newly appointed Chair Kevin Warsh, who faces pressure regarding inflation and economic stability.
Additionally, China's new mineral resources regulations are set to take effect, aiming to regulate mining development and ensure resource security. The Chinese Ministry of Finance plans to issue yuan-denominated sovereign bonds in Hong Kong, and JD.com Inc. is set to open its first large offline appliance store outside mainland China in Hong Kong.