Paul Donovan's Daily Audio

The Bank of Japan has raised interest rates to 1% as a return-to-neutral measure. Meanwhile, China's domestic economy shows ongoing weakness in retail sales despite stable industrial production.

Key Takeaways

• 1.The Bank of Japan raised rates to 1% as part of a process to return to neutral, which is viewed as appropriate.
• 2.China's domestic economy is underperforming, with May retail sales missing expectations, despite strength in industrial production.

Table of Contents

• Audio
• Global asset class preferences definitions
• Appendix

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