2ND UPDATE: JAPAN LOGS LARGE TRADE DEFICIT IN MAY, DESPITE EXPORT JUMP
Japanese exports jumped in May while a robust flow of imports from Asia kept the country's overall trade balance in the red, a sign the government's efforts to spur an export-led recovery may take time to reverse the longest run of shortfalls since 1980. (published 0501 GMT)
CHINA TO EXPAND DIRECT BOND ISSUES BY LOCAL GOVERNMENTS
China is expected to sharply expand a program...