Quick Overview

• YoY Japan’s exports rose 27.7% in June. Shipments to Asia, which account for more than half of Japan's total exports, rose 31.7 %.

• South Koreas GDP rose 1.5% QoQ

• The Commerce Department said sales of new U.S. single-family homes jumped 23.6% to a 330,000 unit annual rate from a downwardly revised 267,000 units in May.

• Japan's government needs to weaken the yen and adopt more expansionary monetary policies to beat deflation, according to the leader of a small opposition party which is being seen as a possible government ally