News

Australia's S&P/ASX200 index closed down 58.80 points, or 0.67%, on Thursday, June 25, to 8749.60 points.

Hong Kong stock Alibaba (09988.HK) fell more than 5%, with turnover exceeding HK$8.8 billion.

Japan's 40-year government bond yield fell 6.5 basis points to 3.715%.

British Petroleum (BP.N) and Abu Dhabi National Oil Company will jointly develop the Abu Dhabi Bab gas field project, of which BP holds a 10% stake in the Bab gas field concession.

U.S. Secretary of State Rubio: The U.S. State Department is deploying resources and rescue teams to Venezuela.

Germany's Gfk consumer confidence index for July will be released in ten minutes.

Royal Bank of Canada: Raised its target price on Micron Technology (MU.O) from $1,200 to $1,500.

Bank of Japan review member Naoki Tamura: The Bank of Japan may need to raise interest rates more frequently or more significantly if the risk of higher-than-expected inflation arises, but it currently does not think it is necessary.

Royal Bank of Canada: Raised its price target on Qualcomm (QCOM.O) to $250 from $175.

Bank of Japan review member Naoki Tamura: If "falling behind the curve" is defined as the Bank of Japan being forced to raise interest rates quickly in response to a sharp rise in inflation, then we are not in that situation now.

Bank of Japan review member Naoki Tamura: Will not comment on ideal fiscal policy, but will consider how best to achieve price stability taking into account the impact of fiscal policy on the economy and inflation.

Bank of Japan review member Naoki Tamura: We will pay attention to how the surge in wholesale inflation affects the consumer price index, price changes in the service industry, inflation expectations and corporate views on financial conditions to evaluate the timing of the next interest rate hike.

Japan's 30-year government bond yield fell 3.0 basis points to 3.835%.

Bank of Japan review member Naoki Tamura: Whether the Bank of Japan will raise interest rates every three or four months will depend on the economy, prices and market response to each interest rate hike.

Bank of Japan review member Naoki Tamura: (When talking about the possibility of consecutive interest rate hikes, he said) If the risk of higher-than-expected inflation arises, we may need to speed up the pace of interest rate increases.

Bank of Japan review member Naoki Tamura: Due to changes in corporate pricing behavior, foreign exchange fluctuations have a greater impact on inflation than in the past.

Bank of Japan review member Naoki Tamura: Foreign exchange fluctuations are an important factor affecting the Japanese economy and prices.

Bank of Japan review member Naoki Tamura: Changes in foreign exchange rates are not only affected by the central bank’s policy stance, but also by other factors.

Bank of Japan review member Naoki Tamura: Foreign exchange rate trends must reflect fundamentals.

Bank of Japan review member Naoki Tamura: The Bank of Japan needs to judge the level of the neutral interest rate by assessing the impact of each interest rate increase on the economy, prices and financial development.