News

Australia's S&P/ASX 200 index opened 61.60 points higher, or 0.67%, at 9207.40 on Wednesday, August 5.

NI225 rose by 2.00% within the day.

Bank of Japan meeting minutes: One member stated that medium- to long-term inflation expectations are beginning to change, and the market breakeven inflation rate has risen above 2%.

Schmid, a 2028 FOMC voting member and president of the Kansas City Federal Reserve, will speak in ten minutes on the Federal Reserve, monetary policy, and the outlook for the agricultural economy.

Bank of Japan meeting minutes: One member stated that the Bank of Japan must at some point consider the economic and financial situation and seek an appropriate level of reserves.

Bank of Japan meeting minutes: Some members indicated that the Bank of Japan's decision to suspend tapering of bond purchases was not based on fiscal policy considerations, but rather on the desire to avoid instability in the bond market.

Bank of Japan meeting minutes: One member said that the Bank of Japan must raise interest rates at a rate of about once every few months.

Bank of Japan meeting minutes: Some members indicated that the Bank of Japan must maintain its guidance and will continue to raise interest rates if economic and price trends meet its forecasts.

Bank of Japan meeting minutes: One member stated that adjusting the Bank of Japan's policy rate to a level closer to neutral would help achieve long-term economic and price stability.

Bank of Japan meeting minutes: Members unanimously agreed that continuing to raise interest rates was appropriate.

Bank of Japan meeting minutes: One member stated that Japan's real interest rate is unusually low by global standards, and adjustments must be made given the upside risks to inflation.

Bank of Japan meeting minutes: Most members believed the economy was operating as per the baseline scenario, but there was a risk that underlying inflation could exceed the Bank of Japan's 2% target.

Minutes of the Bank of Japan's June meeting: One member stated that foreign exchange factors are driving up import prices, causing difficulties for small businesses.

U.S. Treasury Secretary Bessenter: I have full confidence in Bank of Japan Governor Kazuo Ueda, who understands the market very well.

U.S. Treasury Secretary Bessenter: Many Asian currencies are currently following the yen's trend, such as the South Korean won.

Japan's June labor cash income annual rate was 3.4%, below the expected 3.50% and the previous value was revised from 3.20% to 3.30%.

Japan's overtime pay growth rate in June was 2.8% year-on-year, compared to 2.9% in the previous month.

The Brazilian government issued a statement protesting the US decision to change the visa of the Brazilian ambassador.

Australia's AIG/PwC Manufacturing Performance Index for July was -19.6, compared to -16.8 previously.

New Zealand's average hourly earnings rose 1.4% quarter-on-quarter in the second quarter, compared with 0.20% in the previous quarter.