EUR/USD
1.15353
0.062%
Gold
4071.29
-0.147%
Oil
58.220
-0.814%
USD/JPY
157.446
-0.008%
GBP/USD
1.30786
0.048%
GBP/JPY
205.922
0.049%
Real-time News
Foxconn Chairman Liu Yangwei: Electric vehicle production is nearing the critical point of outsourcing.On November 21, Greek Prime Minister Kyriakos Mitsotakis stated on Friday that he is optimistic about the Greek economys prospects over the next 18 months, noting that Greeces strong recovery reflects Southern Europes overall surpassing of traditional European economic powerhouses like Germany and France. "I think Greece has achieved a remarkable recovery in the past few years. We have proven that the Greek crisis is history." In recent years, Greeces economic performance has outperformed most European countries, becoming one of the few in the region to achieve a fiscal budget surplus. All major rating agencies have reclassified Greece as investment grade and continued to upgrade its sovereign credit rating, primarily due to its significant improvement in fiscal discipline. Mitsotakis also pointed out that against the backdrop of rising far-right forces in many parts of Europe, Greece has also demonstrated that centrist political forces can remain firmly in power.On November 21st, at a hearing in the Japanese Diet, Bank of Japan Governor Kazuo Ueda stated that the continued weakness of the yen could further push up inflation. He pointed out that import prices have risen due to the yens weakening, and companies are currently more willing to raise wages and product prices. Ueda emphasized that the impact of exchange rate fluctuations on prices is becoming more significant than before, and the central bank must remain highly vigilant. This statement indicates that he is leaning towards supporting a rate hike in December. If Ueda ultimately votes in favor of a rate hike, he will join forces with two hawkish members (Hiroshi Takada and Naoki Tamura) who had previously called for a rate hike at the October meeting and voted against it. Furthermore, council member Junko Koeda also made hawkish remarks yesterday, indicating that concerns about inflation risks are rising at the policy level. Although Deputy Governor Ryozo Himino, along with most members, maintained the interest rate unchanged at the last meeting, he is considered to be hawkish. Currently, only Asahi Noguchi remains firmly dovish. New member Masakazu Yoshiyuki is considered a centrist and is expected to follow the mainstream opinion led by Ueda.Japanese Finance Minister Satsuki Katayama: It is crucial that the government and the Bank of Japan continue to work closely together to end deflation, achieve price stability, and promote economic growth.Japanese Finance Minister Satsuki Katayama: Japan is still halfway to achieving sustainable and stable price increases that accompany wage growth.
