According to the Financial Times: JPMorgan Chase plans to expand the scale of active ETFs in Europe.

HSBC lowered its price target for Chevron (CVX.N) to $169 from $184.

Bank of Japan Governor Kazuo Ueda: Monetary easing policy can promote wage growth.

European Mediterranean Seismological Center: A 6.8-magnitude earthquake occurred in the Banda Sea off Papua New Guinea.

Bank of Japan Governor Kazuo Ueda: When there is no longer concern about the possibility of a sharp rise in risk premiums, it may be possible to end the Bank of Japan’s ETF purchases.

[South Korea considers introducing a short-selling circuit breaker mechanism] According to Maeil Business Newspaper, South Korea’s ruling party, which took the lead in implementing a comprehensive ban on stock short-selling, is considering introducing follow-up measures, such as a short-selling circuit breaker mechanism and strengthening penalties for illegal short-selling behavior. The report did not cite any sources.

Bank Indonesia: Bank Indonesia’s foreign exchange securities cannot be used as the underlying asset for purchases of U.S. dollars.

Bank Indonesia: Investors are turning to the spot market as tradable instruments are limited.

Bank Indonesia: Foreign exchange securities will strengthen the currency market, which is less volatile and more susceptible to global uncertainties.

Prime Minister of Vietnam: GDP growth in 2023 is expected to be lower than the target due to external factors.

Petroleum Association of Japan (PAJ): The average operating rate of Japanese refineries in the week ended November 4 was 77.4%, compared with 76.7% on October 28.

Bank of Japan Governor Kazuo Ueda: (When asked about the conditions for ending yield curve control and negative interest rates) We need to confirm whether import price transmission dissipates and whether the wage inflation cycle begins as we expected.

Bank of Japan Governor Kazuo Ueda: If we think there is a high likelihood that real wages will turn positive in the future, this may be enough to decide whether to continue to maintain yield curve control (YCC) and negative interest rates.

Bank of Japan Governor Kazuo Ueda: The outlook for real wages is crucial to policy implementation.

Bank of Japan Governor Kazuo Ueda: We don’t necessarily have to wait until real wage growth actually turns positive before we can exit yield curve control (YCC) and negative interest rates.

Investor confidence in Thailand fell amid outflows and lower earnings.

The release of inflation expectations data from the Reserve Bank of New Zealand was delayed due to a website glitch.