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In economic news, producer prices in Japan increased 0.2% annually in May, bearing forecasts of an increase of 0.1% and continuing course from the upwardly-revised 0.3% increase posted in the prior month. Elsewhere, industrial production in Singapore rose 0.9% annually in May, shy of forecasts of a 3.0% increase and at a slower rate than April’s 2.9% increase. Finally, Phillipine trade deficit rose to $2.27 billion April compared to $0.62 billion in the prior year.
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