Market News: The Philippines has approved a reduction in tariffs on in-quota and out-of-quota rice from 35% to 15% by 2028.

Market news: TSMC (TSM.N) board of directors confirmed CC Wei as the new chairman.

Indonesian miner Merdeka Copper: Copper production in the first quarter was 3,046 tons, down 25% year-on-year.

Indonesian miner Merdeka Copper: Gold production in the first quarter was 24,139 ounces, down 6.5% year-on-year.

The Philippine stock index fell 1% to 6,404.95 points.

Bank of Japan Governor Kazuo Ueda: There is no consideration of issuing central bank digital currency with negative interest rates.

Bank of Japan Governor Kazuo Ueda: We will maintain the current pace of bond purchases to avoid serious discontinuity in bond purchase operations.

Bank of Japan Governor Kazuo Ueda: If yields rise sharply, we will respond flexibly.

Bank of Japan Governor Kazuo Ueda: Our basic position is to let the market determine long-term interest rates.

Kazuo Ueda, Governor of the Bank of Japan: If our economic and price forecasts and risk assessments change, this will also be a reason to change the interest rate level.

Bank of Japan Governor Kazuo Ueda: Monetary policy will not be hindered by considerations of government fiscal issues.

The US Secretary of Defense said he has arrived in Cambodia for a visit.

Philippine Central Bank Governor Ramona: If a hard landing occurs, a 150 basis point interest rate cut may be implemented in the next two years.

Philippine Central Bank Governor Ramona: We may cut interest rates before the Fed. Cutting interest rates by 150 basis points in two years is too radical.

Philippine Central Bank Governor Ramona: In controlling inflation, we do not want unnecessary losses in economic output.

TSMC (TSM.N) Chairman Liu Deyin: We have high capital expenditure, but our stock price is not that high.

Japan government draft roadmap: The Japanese government called for vigilance against the impact of a weak yen on household purchasing power in its long-term economic policy roadmap.

Japanese government draft roadmap: The government calls on the Bank of Japan to achieve its 2% inflation target on a sustained and stable basis while confirming a positive wage-inflation cycle.

Bangko Sentral ng Pilipinas Governor: The Bangko Sentral ng Pilipinas is more dovish than before.