Fed Holds Interest Rates Steady as Kevin Warsh Says Rising Treasury Yields Tighten Financial Conditions 
China Holds Loan Prime Rates Steady for 14th Month as Economic Recovery Remains Uneven 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
BOJ Rate Decision in Focus as Sticky Inflation, Weak Yen Shape USD/JPY and Nikkei Outlook 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Japan Services Producer Prices Rise 3.2% in June, Supporting BOJ Rate Hike Expectations 
Japan Economy Minister Downplays Inflation Risks Despite BOJ Warning 
Australia Inflation Cools as Core CPI Misses Forecasts, Easing RBA Rate Hike Pressure 
Chile Central Bank Holds Interest Rate at 4.5% as Inflation and Global Risks Persist 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Brazil Cuts Selic Rate to 14% as Inflation Eases but Risks Persist 
BOJ's policy board member Sayuri Shirai via Reuters:
- BOJ may consider some monetary policy adjustment if path towards price rises envisaged by the bank does not materialize at all
- Expects Japan's economic recovery to remain moderate for the time being
- Some capital expenditure plans may be delayed given weakness in machinery orders, labour shortages
- Expect private consumption to maintain moderate recovery trend
- Risks to Japan's economy tilted toward downside for fiscal 2017
- Expect japan to achieve 2 pct inflation around latter half of fiscal 2016
- My projection is for core CPI to rise to a little over 1 pct in fiscal 2016, reach "around a little over" 1.5 pct on average in fiscal 2017
- May take longer than expected for inflation expectations to heighten steadily
