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The Japanese Foreign Minister will visit Israel and Palestine in January next year.Market news: Japan will raise the income tax threshold to 1.68 million yen.On December 11th, Ason Tuvey, Deputy Chief Emerging Markets Economist at Capital Economics, stated that the Philippine central bank is likely to cut interest rates further. "With corruption scandals likely to continue dragging down economic activity in the coming quarters, further easing is probably inevitable," he said. "The economy certainly needs some support right now." Tuvey pointed out that the latest data shows the Philippine economy slowed significantly in the third quarter, and more recent data indicates continued weakness in the fourth quarter. The bank expects two more 25-basis-point rate cuts, bringing the policy rate down to 4.00% by the end of 2026.Philippine central bank governor: If the situation is worse than expected, there will be ample reason to cut interest rates again.STMicroelectronics: The financing aims to enhance competitiveness and autonomy in Europe.