Marelli Holdings, a Japanese auto parts supplier owned by private equity firm KKR, is considering filing for Chapter 11 bankruptcy protection in the United States, Kyodo news agency reported on Saturday, according to Reuters. Marelli, a key supplier to embattled Japanese automaker Nissan Motor, is looking into the chapter 11 option to ensure its business operations won't be halted even if its restructuring talks with creditors fall through.

China's export growth slowed to a three-month low in May as U.S. tariffs slammed shipments, while factory-gate deflation deepened to its worst level in two years, heaping pressure on the world's second-largest economy on both the domestic and external fronts, Reuters reported. U.S. President Donald Trump's global trade war and the swings in Sino-U.S. trade ties have in the past two months sent Chinese exporters, along with their business partners across the Pacific, on a roller coaster ride and hobbled world growth. Underscoring the U.S.

China's producer deflation deepened to its worst level in almost two years in May while consumer prices extended declines, as the economy grappled with trade tensions and a prolonged housing downturn, Reuters reported. Uncertainties from a tariff war with the United States and weak consumption at home have rattled sentiment and fuelled expectations of more policy stimulus to combat deflationary pressures.

The Japanese economy shrank less than initially estimated in the first quarter but remains at risk of technical recession, which could delay the Bank of Japan’s timeline for raising interest rates, the Wall Street Journal reported. Real gross domestic product contracted 0.2% on an annualized basis in the January-March period, government data showed Monday. That compares with the 0.7% decline in the preliminary estimate. On a quarter-over-quarter basis, Japan’s GDP was nearly flat.

Taiwan’s exports resilience was on full display in May, growing at the fastest pace in nearly 15 years on likely frontloading as tariff uncertainty continues, the Wall Street Journal reported. Shipments of goods rose 38.6% last month from a year earlier, beating market expectations thanks in part to a surge in exports to the U.S., official figures showed Monday. That was just above the peaks seen during the post-Covid reopening boom in 2021, and the strongest print since July 2010, according to data from LSEG.

A record number of curry shops in Japan went out of business in the past year, as purveyors of one of the country’s most beloved dishes took a hit from soaring rice prices, Bloomberg News reported. Thirteen curry shops with more than ¥10 million ($70,000) in debt filed for bankruptcy in the year ended March — a record high for a second consecutive year, according to a report from Tokyo-based research firm Teikoku Databank. The total number of bankruptcies is likely to be much higher when considering smaller mom-and-pop shops, the firm said.

China’s central bank injected around $139 billion of medium-term liquidity into markets on Friday, a move likely aimed at cushioning against an emerging cash crunch as trade tensions simmer, the Wall Street Journal reported. The People’s Bank of China announced the move a day earlier in an unusually timed disclosure, saying that it will conduct 1 trillion yuan of outright reverse repurchase agreements with a three-month tenor, equivalent to $139.35 billion.

India’s central bank surprised markets with a jumbo rate cut, seizing on cooling inflation to frontload monetary easing and bolster economic growth amid heightened global uncertainty, the Wall Street Journal reported. The Reserve Bank of India’s monetary policy committee voted Friday to lower the benchmark repo rate to 5.50% from 6.00%. The 50-basis-point cut is the central bank’s largest since March 2020, at the height of the pandemic. India’s growth-inflation dynamics call for frontloading rate cuts to support growth, RBI Gov.