News

German Finance Minister Klingbeier: (Regarding the G20 Summit) It is a pity that the United States will not attend, but there will still be many other countries that can hold talks.

Japan's 40-year government bond yield rose 4.0 basis points to 3.745%.

German Finance Minister Klingbeijer: In the new global context, Singapore is ready to strengthen cooperation with Germany.

Junko Koeda, a member of the Board of Review of the Bank of Japan: I hope to continue to carefully study how the trend of the yen affects prices.

Junko Koeda, a member of the Board of Review of the Bank of Japan: It is crucial for foreign exchange rates to operate stably and reflect fundamentals.

Junko Koeda, a member of the Board of Review of the Bank of Japan: Japan’s financial system is overall stable.

German Finance Minister Klingbeyer: Singapore has shown strong interest in German investment funds.

German Finance Minister Klingbeyer: Singapore faces similar challenges to Germany in terms of supply chains.

Junko Koeda, a review member of the Bank of Japan: When more details of the government spending plan are released, we will include its impact in the forecast.

Bank of Japan review member Junko Koeda: My view on potential inflation has not changed significantly. Since the Bank of Japan compiled its quarterly outlook report in October, the risk of upward inflation has increased.

Bank of Japan review member Junko Koeda: Various indicators show that potential inflation is gradually heading towards 2%. We have not yet reached the stage of carefully examining whether this level will be firmly established.

Bank of Japan review member Junko Koeda: We will obtain information on the direction of next year’s wage negotiations through more channels, including surveys.

BoJ Review Member Junko Koeda: The Bank of Japan is ready to enter the market through increased bond purchases and emergency market operations when long-term yields experience rapid and irregular fluctuations.

Junko Koeda, a member of the Board of Review of the Bank of Japan: Long-term interest rates should be determined by the market that reflects fundamentals.

Junko Koeda, a member of the Board of Review of the Bank of Japan: The normalization of monetary policy must be promoted at an appropriate pace.

Junko Koeda, a member of the Board of Review of the Bank of Japan: I hope to pay close attention to how foreign exchange fluctuations affect prices.

Junko Koeda, a member of the Board of Review of the Bank of Japan: Overseas uncertainty still exists, so we hope to carefully study how this will affect the wage setting behavior of domestic companies.

The Australian dollar rose more than 1% against the Japanese yen, rising to a one-year high of 102.15.

Bank of Japan review member Junko Koeda: When deciding whether the Bank of Japan should quickly normalize policy, it must carefully examine underlying economic and price developments.

Australia's S&P/ASX200 index closed up 104.80 points, or 1.24%, on Thursday, November 20, at 8552.70 points.