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Real-time News
On June 15th, former Bank of Japan chief economist Seisaku Kameda stated on Monday that the US-Iran peace agreement is unlikely to change the Bank of Japans expectation of two interest rate hikes this year. With inflationary pressures intensifying, the Bank of Japan is expected to raise its short-term policy rate from 0.75% to 1% on Tuesday. Kameda stated that this would have been done in April had the Middle East war not broken out. He indicated that if the peace agreement facilitates the reopening of the Strait of Hormuz, it might alleviate some of the pressure on the Bank of Japan to raise interest rates faster than expected to curb inflation. "However, this will not change the Bank of Japans plan to normalize monetary policy by raising interest rates approximately twice a year, pushing up the still low real borrowing costs," Kameda said. He pointed out that after the June rate hike, the Bank of Japan is likely to raise rates again in October or December. Furthermore, Bank of Japan Governor Kazuo Ueda will miss the June meeting due to treatment for an infectious liver cyst in the hospital. Deputy Governor Shinichi Uchida will preside over the press conference on his behalf. Seisaku Kameda stated that Shinichi Uchida is expected to reiterate the Bank of Japans determination to continue raising interest rates, but given the continued uncertainty surrounding the situation in the Middle East, he will avoid giving a clear indication of the timing of the next rate hike.The China Earthquake Networks Center officially reported that a magnitude 3.0 earthquake occurred at 11:24 on June 15 in Linhe District, Bayannur City, Inner Mongolia (40.72 degrees north latitude, 107.35 degrees east longitude), with a focal depth of 10 kilometers.On June 15th, Baidus DuMate platform completed a core engine upgrade. Through continuous optimization of the Harness engine and multiple engineering aspects, the token consumption during task execution was reduced by 75%, and the corresponding user points consumption was also reduced by 75%, while ensuring that the agents intelligent capabilities and task execution performance were not affected. This is the first time that a significant reduction in task consumption has been achieved in a general-purpose intelligent agent product in China through the Harness engine and engineering optimization.Futures News, June 15th - According to foreign media reports, Malaysian palm oil futures fluctuated downwards on Monday, dragged down by weakness in related edible oil markets in Dalian and Chicago, as well as a drop in crude oil prices. Oil prices fell to their lowest level since March on Monday. This followed statements from US President Trump and the Iranian Deputy Foreign Minister that the two sides had reached a preliminary agreement to end the war and were prepared to resume navigation in the Strait of Hormuz. Weak crude oil futures reduced the attractiveness of palm oil as a feedstock for biodiesel. Asian stock markets generally surged on Monday, the US dollar weakened, and oil prices fell sharply, as the preliminary peace agreement between the US and Iran signaled an easing of global inflationary pressures and reduced the need for further interest rate hikes.June 15th - It was learned from the Anhui Provincial Key Laboratory of Quantum Computing Chips that my countrys "OriginWukong" series of independently developed superconducting quantum computers has completed over 1 million global quantum computing tasks, continuously providing stable and reliable independent quantum computing power to users worldwide. "OriginWukong" is equipped with a quantum-resistant (PQC) cryptographic protection system, achieving a synergistic "spear" and "shield" approach to computing power supply and security protection, and initially establishing a quantum computing service system that is both offensive and defensive.
