Shinichi Uchida, deputy governor of the Bank of Japan: Negative interest rates will be raised when the economy needs to be cooled.

Shinichi Uchida, deputy governor of the Bank of Japan: It will be more difficult to adjust the yield curve control (YCC) after the side effects appear.

Shinichi Uchida, deputy governor of the Bank of Japan: The Bank of Japan will continue to weigh the balance between the impact of its policies on market volatility (including foreign exchange) and the stimulus effect of current policies.

UniCredit CEO: The impact of the European Central Bank on deposits will return to past levels in 2024.

Shinichi Uchida, deputy governor of the Bank of Japan: No plans to further increase the upper limit of the yield curve control (YCC) at present.

Shinichi Uchida, deputy governor of the Bank of Japan: The Bank of Japan will continue to implement monetary policy by controlling short-term and long-term interest rates, although the specific method may change.

Shinichi Uchida, deputy governor of the Bank of Japan: The yield curve control (YCC) framework needs to be fine-tuned to continue implementing policy.

Shinichi Uchida, deputy governor of the Bank of Japan: The risk of prematurely tightening policy outweighs the risk of keeping policy unchanged.

Shinichi Uchida, deputy governor of the Bank of Japan: I hope to see whether consumption will grow again in the context of reviewing wage and price dynamics.

Shinichi Uchida, deputy governor of the Bank of Japan: I am very aware of the impact of inflation on households.

The General Staff of the Ukrainian Armed Forces reported that the Russian army lost 540 soldiers in the past day, as well as equipment such as 1 tank, 8 armored vehicles, 27 artillery systems and 15 tactical drones.

Shinichi Uchida, deputy governor of the Bank of Japan: Foreign exchange fluctuations are an important factor affecting the economy.

Shinichi Uchida, deputy governor of the Bank of Japan: The foreign exchange market is very important and needs to reflect fundamentals stably.

Shinichi Uchida, deputy governor of the Bank of Japan: I will not comment on daily exchange rate fluctuations.

Kazakhstan Grain Union: Wheat production is expected to be 14.5 million tons in 2023, and exports in 2023/24 are 8.5-9 million tons.

Vietnam considers measures to support electric vehicle industry.

SoftBank extended losses in Japanese markets.

According to the Iranian Student News Agency: The Iranian Navy held exercises near the Gulf islands claimed by the UAE.

Subaru plans to invest 1.5 trillion yen in electrification by around 2030. Subaru raised its sales target for battery electric vehicles to account for 50% of total sales by 2030.