News

Bank of Japan policy board member Hajime Takada: We need to pay attention to the possibility that rising overseas interest rates may cause Japan's neutral interest rate to rise to a level higher than market expectations.

Bank of Japan policy board member Hajime Takada warned that Japan's prices could face a greater-than-expected increase if overseas factors push up prices emerge.

Bank of Japan policy board member Hajime Takada: Whether the monetary easing policy can be exited smoothly will determine how the policy will ultimately be evaluated.

Bank of Japan policy board member Hajime Takada: It is necessary for us to closely monitor the development of long-term interest rates and communicate effectively with the market.

Bank of Japan board member Hajime Takada: The central bank needs to change its current stance of encouraging underlying inflation and demonstrate its determination to prevent price increases to the market.

Bank of Japan policy board member Hajime Takada: We need to raise the policy rate to closer to the neutral level to address the second-round effect of rising prices.

Bank of Japan policy board member Hajime Takada: We must closely monitor the risk that the divergence in monetary policy stances between Japan and other countries could lead to sharp fluctuations in the foreign exchange market.

Bank of Japan policy board member Hajime Takada believes that 2026 will mark the beginning of a new phase, at which time interest rate hikes will not proceed at a fixed pace.

Bank of Japan policy board member Hajime Takada believes that after assessing the buffer capacity of the domestic financial situation and reviewing overseas developments, the Bank of Japan needs to flexibly raise interest rates.

Australia's GDP grew 0.4% quarter-on-quarter in the second quarter, below the expected 0.3% and the previous value of 0.30%.

Australia's second-quarter GDP grew at an annualized rate of 2.1%, below the expected 1.8% and the previous reading of 2.50%.

The yield on Japan's two-year government bonds rose 3.0 basis points to 1.830%, the highest level since April 1995.

The Hang Seng Index (HSI) opened down 48.91 points, or 0.19%, at 25280.82 on Wednesday, September 2nd; the Hang Seng Tech Index opened down 18.66 points, or 0.41%, at 4532.22 on Wednesday, September 2nd; the Hang Seng China Enterprises Index opened down 15.39 points, or 0.18%, at 8447.25 on Wednesday, September 2nd; and the Hang Seng Red Chip Index opened down 8.28 points, or 0.2%, at 4129.92 on Wednesday, September 2nd.

Hong Kong stocks opened lower, with the Hang Seng Index down 0.19% and the Hang Seng Tech Index down 0.41%. Biopharmaceutical stocks led the gains, while gold stocks fell sharply. Zijin Mining International (02259.HK) fell more than 4%.

Australia's second quarter GDP annual rate will be released in ten minutes.

U.S. State Department: Deputy Secretary of State Christopher Landau announced more than $150 million in support for Pacific island nations.

The U.S. State Department is working with Congress to provide $60 million to help Pacific island nations cope with the ongoing global energy crisis.

Japan's Topix index fell 2%.

According to Al Jazeera, U.S. Treasury Secretary Bessenter stated that Iran faces three options: a coup within the Revolutionary Guard, the overthrow of the current regime by the Iranian people, or negotiations.

U.S. Energy Secretary Wright: 17 million barrels of oil passed through the Strait of Hormuz on Monday.