Philippine Minister of Economic Planning: The impact of interest rate hikes will appear in the next few months.

Philippine National Economic Development Agency: The near-to-medium term economic outlook for the Philippines is solid.

Minister of Economic Planning of the Philippines: We are confident that we can achieve the GDP growth target this year.

Philippine Secretary of Economic Planning: Inflation seems to have peaked.

Philippine Secretary of Economic Planning: The economy is returning to its previous trend.

Secretary of the Philippine Department of Economic Planning: Despite the difficulties, we are returning to the path of high growth.

Traders: Asia ex-Japan Markit investment-grade credit default swaps (CDS) index down about 3 basis points.

Traders: Asian senior dollar bond spreads narrowed by at least 1 basis point.

U.S. Secretary of State Blinken and European Council President Michel reiterated their support for Ukraine.

Japanese Prime Minister Fumio Kishida: I hope to lead the formulation of AI rules under the chairmanship of the G7.

Japanese Prime Minister Fumio Kishida: I ordered a panel of experts to consider the risks and potential of artificial intelligence.

Indonesian President: Conflict in Myanmar should not hamper ASEAN growth.

Indonesian President: ASEAN has not made significant progress on the five-point consensus on the Myanmar issue.

The yield of major inter-bank interest rate bonds dropped significantly, and the yield of the active 10-year treasury bond "23 interest-bearing treasury bond 04" fell by 1.50bp and fell below the 2.70% mark to 2.6975%.

[A loud noise was heard again near the Golden Temple in Amritsar, India, and the police have launched an investigation] According to Indian media reports, in the early morning of May 11, local time, a loud noise was heard near the Golden Temple in Amritsar, Punjab, India. Both police officers and the forensic doctor were on the scene, and the head of the police told local media that the incident was being investigated. On May 8, an explosion occurred near the Golden Temple, injuring one person. Earlier, on May 6, there was also an explosion in the area.

Summary of BOJ Deliberation Committee Opinion: It must be ensured that adjustments to forward guidance on interest rates are not interpreted as a sign that the BOJ will allow future rate hikes.

Bank of Japan: Japan’s trade deficit in March was 454.4 billion yen, a year-on-year increase of 203.2%.

The annual rate of bank loans other than trusts in Japan was 3.5% after seasonal adjustment in April, compared with the previous value of 3.30%.