Reuters reported that on July 3rd, the United Nations High Commissioner for Human Rights, Turk, called for vigilance against political expansion on the far right in Europe, stating that these remarks dehumanize immigrants and asylum seekers. Last month, far right political parties made progress in the European Parliament. France is about to hold a runoff election, and opponents of the far right anti immigrant National Alliance are trying to stop them from taking power.

It is reported that Turk is an Austrian, and his country isIn the 1930s, it became a breeding ground for anti Semitism and participated in the Holocaust after being annexed by Nazi Germany in 1938. He previously said that preventing future atrocities is part of his job. Turk's four-year term as the head of human rights at the United Nations is nearing completion, and he has been fighting for many years to strengthen refugee protection. He said that right-wing traditional political parties who never reflect on themselves will bring disaster to Europe.

military

01Northern Myanmar Military Command Under Attack

According to Agence France Presse, on July 2nd, a conflict broke out at the military command center in northern Myanmar, suspected to be due to the expansion of the ethnic local armed forces in Myanmar's offensive against the Burmese army. Local residents who requested anonymity said that since the evening of July 2nd, gunshots have been ringing from the Burmese military headquarters located in the capital of Shan State, Lashio, and no one dares to go out. Another resident said that the conflict occurred outside the city, and the military has blocked all roads leading to Lashio, but some shops in the town are still open for business. Videos on social media show that a wooden building in the area has been destroyed, and some buildings have caught fire. According to Myanmar media reports, at least six civilians have died. According to other sources, all flights from Yangon to Lashio have been cancelled since July 3rd.

The Myanmar North Civil War organization, the Deong National Liberation Army, has not confirmed whether they participated in this battle. When asked, General Da Bengjue of the De'ang Army only said that the tripartite alliance is united. It is reported that the army composed of the Guogan Army, the De'ang Army, and the Ruokai ArmyThe "Three Brothers Alliance Organization" launched the "1027 Operation" near Lashio and along the Chinese border in October last year, occupying large territories and border crossing points, bringing the biggest blow to the military government since the coup in 2021.

01Japan plans to launch short-term floating rate bonds in the 2026 fiscal year

Reuters reported that on July 3rd, sources revealed that the Japanese government is considering issuing two-year and five-year floating rate bonds starting from the 2026 fiscal year to help investors mitigate the risk of rising bond yields. It is reported that the Japanese government has issued 15 year floating rate bonds in the past, which is the first time short-term floating rate bonds have been issued. Short term bonds are more susceptible to the impact of central bank policy changes. Sources also stated that the Bank of Japan will provide specific details after discussing with investors, such as bond maturity, issuance size, and frequency of adjusting floating interest rates.

It is reported that due to the implementation of ultra loose monetary policy, the huge interest rate difference between Japan and other countries has led to the continuous depreciation of the Japanese yen. Recently, the exchange rate of the Japanese yen against the US dollar has plummeted toIn 38 years, the exchange rate of the Singapore dollar against the Japanese yen has reached a new low, and it has recently broken through the level of 119. Ruixun Bank Senior Analyst Ozkaskaya pointed out that the USD/JPY exchange rate is slowly approaching the 162 level, but the risk of direct intervention limits the behavior of shorting the yen, otherwise shorting the yen would be one of the most obvious trades. The Bank of Japan has been working hard to curb the depreciation of the yen without addressing its fundamental policy issues. For investors who dare to counter the trend, any brief appreciation of the yen will be an attractive profit opportunity.

Bangkok News: On July 2nd, the Thai Catering Association sent a letter to Prime Minister Sita stating that the high costs of raw materials and energy have led to the closure of many restaurants. Therefore, they requested the government to take emergency assistance measures, including lifting the ban on businesses selling alcoholic beverages from 2pm to 5pm. The President of the Thai Food and Beverage Association, Surat, said in a letter that operating costs have skyrocketed by over 50%, and the sustained economic downturn has led to a decline in consumer purchasing power, with businesses struggling to make ends meet and many restaurants struggling to survive.

Subsequently, the Thai government website issued a statement stating that the authorities will carefully consider the requests of practitioners. It is understood that Thailand started fromSince 1972, the afternoon alcohol ban has been implemented, and in the past, catering industry has also urged the government to lift this ban. However, the Thai Ministry of Health and public health experts have kept this ban on the grounds of maintaining public health and avoiding alcohol abuse. In addition, to stimulate economic growth, the Thai government has actively implemented multiple measures. In addition to considering lifting the alcohol ban, Thailand has also decided to close duty-free shops at eight airport entry points to encourage tourists to consume in general stores.