Japan's Prices Climb by Most in Two Years Ahead of Election

Japan's key consumer inflation measure accelerated to a fresh two-year high as Prime Minister Shigeru Ishiba gears up for a summer election and the Bank of Japan mulls the country's price trajectory.
Consumer prices excluding fresh food quickened for a third month to 3.7% from a year earlier in May, according to a Ministry of Internal Affairs release Friday. That's the fastest pace since January 2023 and above the 3.6% median estimate of economists surveyed by Bloomberg.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

29 minutes ago

• Yahoo

So-Young Announces Extension of Plan to Implement ADS Ratio Change

BEIJING, June 20, 2025 /PRNewswire/ -- So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company"), the leading aesthetic treatment platform in China connecting consumers with online services and offline treatments, today announced that it is amending the effective date for the previously announced plan for an ADS ratio change. The Company previously planned to change the ratio of the American depositary shares ("ADSs") to its Class A ordinary shares from thirteen (13) ADSs representing ten (10) Class A ordinary shares to one (1) ADS representing fifteen (15) Class A ordinary shares, with the change originally scheduled to take effect at the open of trading on June 30, 2025 (U.S. Eastern Time). Following further consideration, the Company has decided to take additional time to finalize preparations for the ADS ratio change. An updated timeline will be announced once it becomes available. For the Company's ADS holders, the ADS ratio change will result in an effect equivalent to a proportional reverse ADS split. There will be no change to the Company's Class A ordinary shares. ADS holders of record on the effective date will not be required to take any action in connection with the ADS ratio change. The exchange of then-held (old) ADSs for new ADS will occur automatically with the then-held ADSs being cancelled and new ADSs being issued by the depositary bank. The ADSs will continue to be traded on Nasdaq under the symbol "SY." No fractional new ADSs will be issued in connection with the change in the ADS ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the depositary bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the depositary bank. As a result of the change in the ADS ratio, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the change in the ADS ratio will be equal to or greater than a proportional price based on ADS price before the change. About So-Young International Inc. So-Young International Inc. (Nasdaq: SY) ("So-Young" or the "Company") is the leading aesthetic treatment platform in China connecting consumers with online services and offline treatments. The Company provides access to aesthetic treatments through its online platform and branded aesthetic centers, offering curated treatment information, facilitating online reservations, delivering high-quality treatments, and developing, producing and distributing optoelectronic medical equipment and injectable products. With its strong brand recognition, digital reach, affordable treatments and efficient supply chain, So-Young is well-positioned to serve its audience over the long term and grow along the medical aesthetic value chain. Safe Harbor Statement This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Statements that are not historical facts, including but not limited to statements about So-Young's beliefs and expectations, are forward-looking statements. Forward looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of the press release, and So-Young undertakes no duty to update such information, except as required under applicable law. For more information, please contact: So-Young Investor RelationsMs. Mona QiaoPhone: +86-10-8790-2012E-mail: ir@ Christensen In ChinaMs. Charlie ChiPhone: +86-10-5900-1548E-mail: In USMs. Linda BergkampPhone: +1-480-614-3004Email: View original content: SOURCE So-Young International Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Yahoo

29 minutes ago

• Yahoo

China Sends Warplanes Near Taiwan After US Lawmakers Visit

(Bloomberg) -- China sent the most warplanes toward Taiwan since October, a move that follows US lawmakers visiting a top military figure and both the UK and Japan sailing warships through the strait separating the two sides. Security Concerns Hit Some of the World's 'Most Livable Cities' One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown Some 46 People's Liberation Army aircraft crossed the median line in the strait in the 24 hours to Friday morning, the defense ministry in Taipei said in a statement. The ministry added that it monitored and 'responded accordingly' to the moves, without providing more details. Another 15 such warplanes were spotted later, the ministry said. China was 'conducting air-sea joint training along with' naval vessels, it added. Those flights included Su-30 fighters and KJ-500 surveillance aircraft. The flights into sensitive areas around Taiwan come after a group of US lawmakers held a rare publicly disclosed meeting with Defense Minister Wellington Koo on Tuesday in Taipei. Beijing vehemently opposes nations it has official ties with — such as the US — from having official contact with Taiwan. China views Taiwan as territory that must be brought under its control, by force if necessary. Taipei rejects that stance, and the US militarily backs the democracy of 23 million people. Beijing defended the flights on Friday, with Foreign Ministry spokesman Guo Jiakun saying at a regular press briefing in Beijing that 'the Taiwan question concerns China's sovereignty and territorial integrity.' The Chinese military activity comes with the US deciding whether to attack Iran. On Thursday, Taiwan President Lai Ching-te told his national security team to have a full grasp of the geopolitical situation. Officials in Taipei have long worried that the PLA may act more aggressively if the US is distracted by crises in other parts of the world. In April, the US ordered the Carl Vinson carrier strike group to the Middle East after it completed exercises in the Indo-Pacific. Separately, Japan sailed a destroyer through the 180 kilometer (110 mile) wide strait last week, Kyodo News reported. That was the third known passage by a Japanese naval vessel, all of which have come over the past year, it said. Earlier this month, Japan said it observed two Chinese aircraft carriers and supporting warships operating simultaneously near remote Japanese islands in the Pacific Ocean for the first time, underscoring Beijing's advancing naval capabilities. Also on Friday, the PLA said in a statement that the UK sent a naval vessel through the strait. Beijing condemned the UK transit on Wednesday as a 'provocation,' saying it undermines peace and stability in area. The Chinese military said its forces would remain on high alert and 'resolutely counter all threats.' The voyage by the UK warship comes as London sends an aircraft carrier and other vessels into the Indo-Pacific. Port visits to Singapore, Indonesia, Japan and South Korea were planned. Regarding the warships, Guo, the spokesman for the Foreign Ministry in Beijing, said that his nation 'respects the freedom of navigation of all countries but we oppose any country using it as a pretext to provoke or infringe upon China's sovereignty or security.' --With assistance from Cindy Wang and James Mayger. (Updates with more details and comment from China's Foreign Ministry.) Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants ©2025 Bloomberg L.P. Sign in to access your portfolio

Washington Post

40 minutes ago

• Washington Post

Thai prime minister visits border with Cambodia after leaked conversation triggers resignation calls

BANGKOK — Thailand's Prime Minister Paetongtarn Shinawatra visited the border with Cambodia on Friday as she faced resignation calls following a leaked phone call between her and Cambodia's former leader discussing recent border tensions. Paetongtarn traveled to a border town in northeastern Ubon Ratchathani province, near a small contested territory with Cambodia where a brief confrontation between the two sides on May 28 killed one Cambodian soldier.