European Central Bank Governing Council Nagel: At present, inflation is deeply entrenched.

SoftBank reported a net loss of 970.14 billion yen for the year, compared with market estimates of a loss of 343.71 billion yen.

U.S. Treasury Secretary Yellen: We have no other good options to save us from disaster (debt default), and the debt ceiling must be raised.

U.S. Treasury Secretary Yellen: Invoking the 14th Amendment is not a short-term strategy to deal with debt ceiling defaults.

U.S. Treasury Secretary Yellen: I hope the Republicans and Democrats can resolve their differences and raise the U.S. debt ceiling.

U.S. Treasury Secretary Yellen: Debt default should be considered "unthinkable".

U.S. Treasury Secretary Yellen: Breaking through the debt ceiling could lead to a "very serious economic downturn" for a considerable period of time.

Market news: Kuwait set the price of crude oil sold to the Mediterranean region in June at a premium of US$0.20/barrel (compared with the benchmark crude oil price).

U.S. Treasury Secretary Yellen: The U.S. will discuss investment restrictions with G7 countries.

Japanese Finance Minister Shunichi Suzuki: The conflict between Russia and Ukraine has dealt a major blow to the global economy.

Japanese Finance Minister Shunichi Suzuki: We will discuss measures to continue to put pressure on Russia.

Japanese Finance Minister Shunichi Suzuki: I hope that global cooperation can be strengthened through the G7.

Japanese Finance Minister Shunichi Suzuki: Details of the US debt ceiling will not be discussed at the G7 meeting.

Japanese Finance Minister Shunichi Suzuki: seek to strengthen cooperation with countries other than the G7.

U.S. Treasury Secretary Yellen: Despite downside risks, the global economy is still in better shape than predicted six months ago, with inflation falling in most G7 countries.

U.S. Treasury Secretary Yellen: We will work with G7 countries to strengthen economic resilience, improve economic security, and establish a reliable critical supply chain.

U.S. Treasury Secretary Yellen: The U.S. will coordinate efforts with the G7 to push countries in debt distress to deal with their debts in a timely and comprehensive manner.

Japanese Finance Minister Shunichi Suzuki: Strengthening the global supply chain will be discussed.

U.S. Treasury Secretary Yellen: In addition to the risk of default, brinkmanship around the debt ceiling could have "serious economic costs" and interest rates have soared.