Fed’s Lockhart favours July or September rate hike

FXStreet (Bali) - Fed’s Lockhart favours a July or September rate liftoff instead of June, Bloomberg reports, adding that March jobs report is consistent with weak Q1 data.

Reshoring of Japanese manufacturing - Nomura

Minoru Nogimori, Japanese Economist at Nomura, notes that Japanese companies are increasingly reshoring production back to Japan.
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NZ PM: Little the RBNZ or government can do on high NZD

New Zealand Prime Minister Key spoke in a radio interview, noting that there is little the RBNZ or government can do to address the NZD high exchange rate, Bloomberg reports.
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