News

Indian automobile industry organization SIAM: India's domestic passenger car sales in January were 449,616 units.

Australia's S&P/ASX200 index closed down 125.90 points, or 1.39%, on Friday, February 13, to 8917.60 points.

According to the Financial Times: Trump is preparing to lift tariffs on metal and aluminum products.

According to the Financial Times: British Prime Minister Starmer plans to call for a multinational defense initiative to reduce the cost of rearmament.

India's NIFTY 50 index fell 1% and the small-cap index fell 2%.

The two-year Japanese government bond yield narrowed its decline and is now down 0.5 basis points to 1.295%.

Bank of Japan review member Naoki Tamura: I have always believed that Japan’s neutral interest rate is at least around 1%, but it should be noted that different measurement methods will lead to different valuations.

Bank of Japan review member Naoki Tamura: Even if the Bank of Japan further raises policy interest rates, monetary conditions will remain loose.

Bank of Japan review member Naoki Tamura: I think past interest rate hikes had a very limited impact on the Japanese economy.

Bank of Japan review member Naoki Tamura: The Bank of Japan must avoid premature tightening of monetary policy, but it must also avoid continued price increases that cannot be described as "moderate."

Bank of Japan review member Naoki Tamura: Once the Bank of Japan’s policy interest rate exceeds 1%, the stimulus effect of its policy will gradually weaken.

Bank of Japan review member Naoki Tamura: Interest rates are still quite far away from the level that is considered to have a neutral impact on the economy.

Bank of Japan review member Naoki Tamura: I think we are expected to confirm that inflation has stabilized at around 2% around spring this year.

Bank of Japan review member Naoki Tamura: For me, the final key factor that determines whether the Bank of Japan's price target is achieved is whether inflation has stabilized above the target level.

Bank of Japan review member Naoki Tamura: Potential inflation is gradually rising and is very close to reaching and stabilizing above the target level.

Bank of Japan review member Naoki Tamura: Wage growth this year is expected to reach a level consistent with the 2% price target.

Bank of Japan review member Naoki Tamura: Japan's output gap is already in the positive range, and insufficient supply capacity is putting upward pressure on prices.

Bank of Japan review member Naoki Tamura: Food prices are expected to continue to rise.

Bank of Japan review member Naoki Tamura: If the economy and prices are consistent with the Bank of Japan's forecast, interest rates will be raised.

Bank of Japan review member Naoki Tamura: Consumer inflation has stabilized, but given the yen’s new round of decline, we must remain vigilant about the price outlook.