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Bank of Japan member Sato Ayano: The core CPI data is not very strong, but wholesale inflation is relatively strong, so various data need to be considered comprehensively.

Romanian Ministry of Defense: Fragments of a safely detonated drone were found in Tulcea County, close to the Ukrainian border. Preliminary investigation results showed that the fragments belonged to weapons used by Russia in its attack on Ukraine in April this year.

EU: Stricter "smelting and casting" origin traceability rules will be implemented to determine the original production source of steel products and prevent the avoidance of tariffs. A 50% extra-quota tariff will be imposed on 26 categories of steel products imported into the EU.

EU: Allocate half of the quota to countries that have signed free trade agreements with the EU, and the other half is open to all countries.

EU: New regulations aimed at protecting the EU steel industry will come into effect on July 1. The tariff-free import quota for steel products will be cut by 47% from the 2024 level to 18.3 million tons per year.

Bank of Japan member Sato Ayano: We will make a judgment on underlying inflation and review various data.

Bank of Japan member Sato Ayano: The weak yen also puts a burden on households and small businesses by increasing import costs.

Bank of Japan member Sato Ayano: It is difficult to judge whether recent inflation is cost-driven or demand-driven.

HSI closed down 145.66 points, or 0.63%, on June 30 (Tuesday), at 22881.02 points;Hong Kong’s Hang Seng Technology Index closed up 79.22 points, or 1.8%, at 4472.23 points on June 30 (Tuesday). ;The state-owned enterprise index closed down 47.04 points, or 0.62%, on Tuesday, June 30, to 7558.3 points;The red chip index closed down 98.12 points, or 2.6%, to 3669.42 points on June 30 (Tuesday).

Bank of Japan member Sato Ayano: It is important to carefully examine whether recent inflation is a temporary, cost-driven price increase or a more persistent, demand-driven inflation.

Bank of Japan member Sato Ayano: Generally speaking, a weak yen is conducive to boosting exporters' profits and inbound tourism.

Bank of Japan member Sato Ayano: We need to pay attention to the downside risks to economic growth and the upside risks to inflation.

Bank of Japan member Sato Ayano: Monetary policy should focus on inflation, while fiscal policy should focus on the impact on households and businesses.

Bank of Japan member Sato Ayano: Will not comment on specific foreign exchange levels.

Bank of Japan member Sato Ayano: Short-term, large foreign exchange fluctuations are not a good thing, and foreign exchange fluctuations should reflect fundamentals.

Bank of Japan member Sato Ayano: It is crucial for fiscal and monetary policies to play their respective roles.

Bank of Japan member Sato Ayano: A weak yen boosted exports but pushed up import prices, leading to a decline in real household income.

Bank of Japan member Sato Ayano: Companies are more active in raising wages and prices, so the impact of a weak yen on inflation may be greater than in the past.

Euro zone bond yields fell after the release of German inflation data; German two-year government bond yields fell 3 basis points to 2.5055%, the lowest level since early May.

Bank of Japan member Sato Ayano: I don’t want to comment on my policy views right now.