Bank of Japan review member Nakamura Toyaki: Japan’s economy is at a critical moment.

In its policy statement, the Bank of Korea said it would maintain its restrictive policy stance but removed the language "for a considerable period of time."

Bank of Japan review member Nakamura Toyaki: It is impossible to determine whether the price target will be achieved.

The Bank of Korea raised its 2023 core CPI forecast to 3.5%, compared with the August forecast of 3.4%.

Bank of Japan review member Nakamura Toyaki: It is expected that Japan will see signs of wage growth exceeding inflation.

Bank of Korea: Inflation is expected to maintain a potential slowdown.

Bank of Japan review member Nakamura Toyaki: Japan’s economy is gradually recovering.

Bank of Japan review member Nakamura Toyaki: The current monetary easing policy must be patiently maintained for a period of time.

Bank of Korea: Will monitor the slowdown in inflation, financial stability risks, and economic downside risks.

Bank of Japan review member Nakamura Toyaki: We have not yet reached the stage where we can firmly say that we can achieve sustained and stable inflation of 2% accompanied by wage growth.

Bank of Korea: Will monitor household debt growth.

Bank of Korea: Will maintain restrictive policy stance until the committee is confident that inflation will move closer to the target level.

Bank of Japan review member Nakamura Toyaki: Current inflation is mainly affected by cost-push factors.

Bank of Korea: Exports will gradually recover.

Bank of Korea: The economy faces the impact of intensifying geopolitical risks and restrictive foreign monetary policies.

Bank of Korea: Uncertainty about the growth path is high.

Bank of Japan review member Nakamura Toyaki: We need some time before revising the loose monetary policy.

Bank of Japan review member Nakamura Toyaki: Now is the time for us to act cautiously in our policy response.

Market news: Helen Toner resigned from the OpenAI board of directors.

The main coke contract fell 4.00% during the day and is currently at 2,590.50 yuan/ton.