Bank of Japan Governor Kazuo Ueda: There is uncertainty in measuring the neutral interest rate.

Bank of Japan Governor Kazuo Ueda: It is appropriate to appropriately reduce bond purchases in the process of exiting easing.

Bank of Japan Governor Kazuo Ueda: To avoid this situation, the Bank of Japan needs to adjust the degree of monetary easing, which will require raising short-term policy targets.

Kazuo Ueda, Governor of the Bank of Japan: If inflation expectations reach 2% and the output gap is positive, actual inflation may exceed 2%, which would be undesirable.

Bank of Japan Governor Kazuo Ueda: I hope to move forward cautiously on the issue of interest rates.

Bank of Japan Governor Kazuo Ueda: Inflation expectations must accelerate to 2% and remain at that level for actual inflation to remain around 2%.

Bank of Japan Governor Kazuo Ueda: Inflation expectations are still below 2%.

The General Staff of the Ukrainian Armed Forces said that in the past 24 hours, the Russian army lost about 1,300 soldiers and 48 artillery pieces and other equipment.

Bank of Japan Governor Kazuo Ueda is scheduled to appear in parliament starting at 1:25 p.m. local time.

Barclays: Oil markets overreacted to slightly negative outcome of OPEC+ meeting.

Market news: Singapore, the United States and Vietnam have established an electricity trade working group.

According to the Times of Israel: The Israel Defense Forces said they attacked Hamas personnel hiding in a UNRWA school and took measures to avoid harming civilians.

The office vacancy rate in Tokyo, Japan rose to 5.48% in May.

The Philippine stock index rose 1.1% to 6,511.73 points.

Toyoaki Nakamura, a board member of the Bank of Japan: It is hard to believe that companies that have focused on cost cutting for 30 years will suddenly change their mindset in two years.

Toyoaki Nakamura, board member of the Bank of Japan: The cycle of rising prices and wages has begun.

Bank of Japan board member Toyoaki Nakamura: It is appropriate to maintain the current policy for now.

Toyoaki Nakamura, a board member of the Bank of Japan: Household purchasing power is insufficient, and household disposable income needs to achieve stable growth to promote consumption.

Bank of Japan board member Toyoaki Nakamura: The transmission of wages to inflation remains weak, but the situation will be closely monitored.

Bank of Japan board member Toyoaki Nakamura: Pay close attention to consumer spending.