At the July meeting, the BOJ kept its YCC targets unchanged but allowed long-term interest rates to rise more freely with inflation and economic growth.
The PMI remained below the 50-level that separates contraction from expansion for a sixth straight month April, pointing to persistent struggles for factories.
Stocks closed lower on Wall Street and Treasury yields rose after surprisingly strong economic reports highlighted the Federal Reserve’s difficult fight against inflation
Business travel revenue for the U.S. hotel industry is expected to fall some $20.7 billion short of pre-pandemic levels this year, after an estimated $108