News

Japanese Finance Minister Katayama Satsuki: Japan is still halfway to achieving sustainable and stable price increases accompanied by wage growth.

The 40-year Japanese government bond yield fell 5.0 basis points to 3.695%. The 30-year JGB yield fell 5.0 basis points to 3.325%.

Japanese Finance Minister Katayama Satsuki: Japan's debt-to-GDP ratio is expected to remain slightly below the previous year's level even after preparing an additional budget to fund the stimulus plan.

The 20-year JGB yield fell 5 basis points to 2.8%. The 5-year Japanese government bond yield fell 1.5 basis points to 1.305%.

Taiwan stock Hon Hai fell more than 4% in early trading after the company announced that it would jointly build next-generation AI infrastructure hardware in the United States with OpenAI.

Japanese Finance Minister Katayama Satsuki: The stimulus package we plan is not necessarily expansionary, and we are mindful of the need for wise spending.

Japan's preliminary comprehensive PMI value in November was 52, compared with the previous value of 51.5.

Japan's November service PMI preliminary value was 53.1, compared with the previous value of 53.1.

U.S. Treasury Secretary Bessent: The Federal Reserve should continue its interest rate cutting cycle.

U.S. Treasury Secretary Bessant: The Fed should pay attention to data.

Bank of Japan Governor Kazuo Ueda will attend a meeting of the House of Representatives Finance Committee in ten minutes.

Japanese Finance Minister Satsuki Katayama: At the meeting, the three of us also reiterated that we will coordinate closely on market development.

Japanese Chief Cabinet Secretary Minoru Kihara: Specific monetary policy measures are determined by the Bank of Japan.

Chief Cabinet Secretary Minoru Kihara: In my meeting with Bank of Japan Governor Kazuo Ueda and the Minister of Economy, Kazuo Ueda explained that the Bank of Japan will gradually adjust its monetary support based on improvements in the economy and prices.

Japanese Chief Cabinet Secretary Minoru Kihara: Appropriate actions will be taken in accordance with the Japan-US foreign exchange agreement.

Japan’s Chief Cabinet Secretary Minoru Kihara: It is very important for stable currency trends to reflect fundamentals.

Japan’s Chief Cabinet Secretary Minoru Kihara: The recent foreign exchange trends have been violent and unilateral.

Japanese Chief Cabinet Secretary Minoru Kihara: Will not comment on foreign exchange levels.

Japan’s Chief Cabinet Secretary Minoru Kihara: We are paying close attention to foreign exchange trends with a high sense of urgency.

The Gfk consumer confidence index in the UK in November was -19, expected -18, and the previous value -17.