Japan's government plans to cut sales of super-long bonds by about 10% from its original plan in a rare revision to its bond programme for the current fiscal year, trimming overall bond issuance as a result, a draft document seen by Reuters showed, Reuters reported. The move aims to soothe market oversupply concerns, after weak demand at recent auctions and a surge in super-long yields to record highs last month rattled the bond market.

Australian employment dipped in May after solid gains the previous month, data showed on Thursday, although full-time jobs jumped and the jobless rate held steady in a sign of continued resilience in the labour market, Reuters reported. Figures from the Australian Bureau of Statistics showed that net employment dipped 2,500 in May from April, when they rose a revised 87,600. That was below market forecasts for a 22,500 increase, though the series has been very volatile in recent months. The jobless rate held at 4.1%, where it has been for over a year now.

The Victorian Liberal party will provide a $1.5m loan to former leader John Pesutto to ensure he can pay Moira Deeming’s legal fees and avoid bankruptcy, The Guardian reported. The loan was debated by the 19-member administrative committee on Thursday night and ultimately endorsed after a secret ballot, which was proposed to limit any factional retribution within a deeply divided party. Deeming, also a Liberal MP, successfully sued Pesutto for defamation after he falsely implied she sympathised with neo-Nazis and white supremacists.

Failed Mosgiel businessman Malcolm Burns - who owes creditors millions - has finally been declared bankrupt despite a last-ditch effort to delay the decision a fourth time, the Otago Daily Times reported. Associate Judge Dale Lester declared Mr Burns bankrupt in the High Court at Dunedin on June 12 after the previous week giving him "a last chance" to pay what his company Otago Excavation owes vehicle leasing business FleetPartners Group.

Japan’s exports fell in May as shipments of autos to the U.S. dropped nearly 25% from a year earlier due to higher tariffs imposed by President Donald Trump, the Associated Press reported. Exports fell 1.7% year-on-year, which was less than the decline analysts had forecast, the Finance Ministry reported Wednesday. Imports sank 7.7%, reflecting weakening domestic demand and worse than the 2% fall recorded in April. The trade deficit in May was 637.6 billion yen, or $4.4 billion.

The Bank of Japan unveiled a plan to step back from the bond market at a slower pace from next year to ensure market stability while sticking to a path of normalization that includes the possibility of more rate hikes, Bloomberg reported. Governor Kazuo Ueda’s policy board stood pat on its benchmark policy rate of 0.5% at the end of a two-day meeting Tuesday. In a widely expected move the central bank said it would ease the pace of its cuts to monthly bond purchases from the next fiscal year to quarterly reductions of ¥200 billion ($1.34 billion) from the current ¥400 billion.

The governor of China’s central bank outlined a plan on Wednesday for a global financial system that relies on several major currencies, not just the dollar, as Beijing steps up its campaign to weaken the U.S. dollar’s primacy, the New York Times reported. Pan Gongsheng, the governor of the People’s Bank of China, did not mention the dollar by name but gave an extended critique of the potential dangers of international reliance on a single country’s currency. In a coded reference to the U.S., Mr.

As the price of gold soared, Julie Li thought her investment in the precious metal was the smartest decision she had ever made. Across China, many like her have poured their savings into gold, lured by companies promising hefty returns far into the future, according to a New York Times analysis. About a year ago, Ms. Li invested about $35,000 in gold bars through Yongkun Gold, a company that runs an online platform and dozens of jewelry shops in eastern China. The investments performed so well that she used a credit card to put in $20,000 more. Last month, Ms.

Indonesia’s central bank held interest rates steady on Wednesday, pausing again as policymakers remain cautious amid external uncertainties, the Wall Street Journal reported. Bank Indonesia maintained its benchmark seven-day reverse repo rate at 5.50%, citing heightened geopolitical tensions, particularly the conflict in the Middle East. The decision also comes just hours ahead of the U.S. Federal Reserve’s policy announcement, reinforcing expectations that the central bank will adopt a wait-and-see approach.