Chief Executive of the Hong Kong Special Administrative Region Li Jiachao: The GDP in the first quarter increased by 2.7% year-on-year, and the GDP in the second quarter will be better than the first quarter.

Japan will issue 2.7 trillion yen of 10-year government bonds on May 9.

The yield on the 10-year Japanese government bond rose 1.5 basis points to 0.415%, and the yield on the 2-year government bond rose 0.5 basis points to -0.040%.

Japan will issue 6.3 trillion yen of discount treasury bills today, 6.3 trillion yen of 3-month treasury bills on May 12, and 4 trillion yen of 6-month treasury bills on May 9 treasury bills.

South Korean President Yoon Suk-yue: The alliance with the United States has been upgraded with the establishment of the nuclear negotiation group.

The Bank of Japan: Starting from May 8, it will provide an unlimited purchase of Japanese government bonds with a remaining maturity of 5 to 10 years at a fixed interest rate.

South Korean Finance Minister Choo Kyung-ho: South Korea and Japan should strengthen cooperation in high-tech industries such as semiconductors and batteries.

Japanese Finance Minister Shunichi Suzuki: Japan agrees to expand technical and personnel exchanges with South Korea.

Japanese Finance Minister Shunichi Suzuki: I hope that Japan and South Korea will continue to conduct such dialogues and contribute to bilateral relations.

Japanese Finance Minister Shunichi Suzuki: Hope to cooperate with South Korea to deal with the challenges brought about by the conflict between Russia and Ukraine.

Japanese Finance Minister Shunichi Suzuki: Japan and South Korea must cooperate on various challenges facing the global society, regional and global economies.

South Korean Finance Minister Choo Kyung-ho: South Korea and Japan need to negotiate on geopolitical risks and supply chain issues.

Choo Kyung-ho, Minister of Finance of South Korea: Recently, dialogue between South Korea and Japan has expanded, and there are many areas of cooperation between the two countries.

Bank of Korea: Uncertainty over inflation path centered on oil and utility prices.

Bank of Korea: Uncertainty about future inflation path remains high.

Bank of Korea: Core inflation may slow more slowly than headline inflation.

The Nikkei 225 hit its highest level since January 2022.

On May 2 (Tuesday), the Nikkei 225 Index rose 128.82 points, or 0.5%, to 29,254.50 points.

US White House: Biden stressed in a meeting with congressional leaders on May 9 that Congress must act to avoid default without strings attached, and that Biden will discuss how to start a separate process to address the budget and fiscal 2024 appropriations .

Market news: American small modular reactor company NuScale plans to build a small modular reactor in South Korea.