Bank of Japan Governor Kazuo Ueda: We will respond flexibly to the economic and price situation.

Bank of Japan Governor Kazuo Ueda: We currently cannot foresee sustainable and stable price increases.

Bank of Japan Governor Kazuo Ueda: It is appropriate to appropriately increase the flexibility of yield curve control (YCC).

Bank of Japan Governor Kazuo Ueda: The state of high uncertainty continues.

Bank of Japan Governor Kazuo Ueda: Compared with July, the main reason for the higher-than-expected inflation expectations is that the price transmission effect lasts longer than expected and the rise in crude oil prices.

Bank of Japan Governor Kazuo Ueda: Uncertain whether the inflation target can be achieved.

Bank of Japan Governor Kazuo Ueda: We will closely monitor the economy and price conditions by reviewing wages and prices.

Bank of Japan Governor Kazuo Ueda: Inflation is expected to slow down in fiscal 2025.

Bank of Japan Governor Kazuo Ueda: Japan’s economy is gradually recovering.

Bank of Japan Governor Kazuo Ueda: We will continue to patiently implement monetary easing policy and determine new measures.

Sources said that two armed drones attacked the Ain al-Asad air base in Iraq where US troops are stationed, but did not cause casualties or damage.

USD/JPY hit a daily high of 150.195, rising nearly 0.8% on the day.

Market news: Iran’s Foreign Minister will visit Qatar on Tuesday and discuss the Gaza issue.

South Korean Finance Minister Choo Kyung-ho: South Korea’s exports will increase for the first time in 13 months in October.

South Korean Finance Minister Choo Kyung-ho: Signs of economic recovery are gradually increasing.

The Australian dollar AUD/USD fell more than 0.50% on the day and is now at 0.6342.

Australian Bureau of Meteorology: October rainfall is likely to reach its lowest level since 2002.

Jeff Ng, head of Asia macro strategy at Sumitomo Mitsui: It currently looks like the Bank of Japan is slowly moving towards removing yield curve control, so the current actions are a series of measures to increase flexibility in the context of global yields remaining high. part.