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On July 10th, Japanese Economy and Fiscal Policy Minister Minoru Jonouchi stated on Friday that the government would never pre-convey its preferences regarding how the central bank should set interest rates, thus mitigating market concerns about political interference in monetary policy. This followed a draft economic blueprint stating that "appropriately guiding monetary policy to achieve a stronger economy is very important," which exacerbated market concerns that the dovish government of Prime Minister Sanae Takaichi might pressure the Bank of Japan to postpone interest rate hikes. The draft also mentioned a legal provision requiring the Bank of Japan to align its policy decisions with the government's economic agenda, but did not mention another provision ensuring its legal independence from political interference. At a press conference, Jonouchi stated, "The government's specific monetary policy measures are determined by the Bank of Japan, and this position remains unchanged." He pointed out, "The government will never pre-convey its views to the Bank of Japan on matters such as the timing and magnitude of interest rate hikes, or the direction of monetary policy." However, he added that the government and the Bank of Japan "should obviously" share an understanding of the economic, price, and financial situation.

On July 10th, the highest 7-day annualized yield of Tencent Wealth Management's "Current Account +" was 1.1800%, and the lowest was 0.7080%. The highest 7-day annualized yield of WeChat Pay's "Lingqian Tong" was 1.0060%, and the lowest was 0.9330%. The highest 7-day annualized yield of Alipay's "Yu'ebao" was 1.0190%, and the lowest was 1.0020%.

Japanese Finance Minister Satsuki Katayama: Japan will seek measures to encourage GPIF and other pension funds to increase their investments in Japanese financial assets.

According to data from Longzhong Information, on July 10th, the average weekly capacity utilization rate of monomer units in 13 sample companies of domestic organosilicon DMC this week (July 3rd - July 9th, 2026) was approximately 61.79%, remaining stable compared to the previous week. Weekly output was 40,700 tons, unchanged from the previous week.

On July 9, Ling Ji, Vice Minister of Commerce and Deputy Representative for International Trade Negotiations, held a video conference with Robert Redonne, Deputy Director-General of the European Commission’s Directorate-General for Trade and Economic Security, to exchange views on China-EU economic and trade relations.

July 10th - According to Nikkei, the Japan Aerospace Exploration Agency (JAXA) will launch a reusable rocket prototype on Saturday to reduce launch costs and as a response to SpaceX's related technologies. The test flight of the RV-X rocket will take place at the agency's Noshiro Rocket Test Center in Akita Prefecture. The launch was originally scheduled for March of this year but was postponed due to inclement weather and equipment malfunctions. JAXA has been developing reusable launch vehicle experiments since 2016, and conducted multiple engine combustion tests last year. Its goal is to put a lower-cost, reusable rocket into practical use in the early 2030s, replacing the H3 rocket as JAXA's main launch vehicle.

The yield on 20-year Japanese government bonds fell 7 basis points to 3.795%.

The Shenzhen Stock Exchange issued an announcement regarding adjustments to the list of securities eligible for the Hong Kong Stock Connect program.

Japanese Finance Minister Satsuki Katayama: I hope to accelerate discussions on expanding Japanese government bond products for households.

Japanese Finance Minister Satsuki Katayama: The Bank of Japan can adjust its monetary policy independently, unaffected by government statements. Specific monetary policy measures will be decided by the Bank of Japan.

U.S. officials stated that technical negotiations with Iran are ongoing and the U.S. remains committed to finding a solution. International oil prices have retreated somewhat; a chart provides a quick overview of pre-market crude oil prices converted between domestic and international markets.

As of 8:30 AM Beijing time, spot platinum was down 0.09%, while spot palladium was up 0.13%.

July 10 (Futures News) - With geopolitical tensions easing and international oil prices falling, cost support is weak, and the market lacks positive factors. The PX market is expected to trade weakly today.

SK Hynix shares fell, with gains narrowing to 0.5%.

Japanese Economy Minister Kiuchi: The rise in wholesale prices reflects the recent increase in oil prices, but the increase in consumer inflation is moderate.

Japanese Economy Minister Kiuchi: The impact of a weak yen on domestic inflation is delayed and may not be significant.

SK Hynix shares rose 2.5% intraday, while Samsung Electronics shares rose more than 3%.

Japanese Economy Minister Kiuchi: The government has consistently conveyed its position that it will adopt policies that emphasize fiscal sustainability.

Japan's corporate goods price index rose 0.4% month-on-month in June, below the expected 0.40% and the previous reading of 0.90%.