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On July 31, at a press conference held today, the China Council for the Promotion of International Trade (CCPIT), representing the Chinese business community, responded to the EU's efforts to accelerate the draft amendments to the Cybersecurity Act and the EU's Industrial Accelerator Act. We urge the EU to fully consider the opinions of the global business community in the subsequent legislative process and to prudently assess the impact of the relevant legislation on Sino-EU business cooperation, the EU's own industrial development, and the stability of the global supply chain. We call on the EU to adhere to the principles of technological neutrality and performance orientation, to delete or substantially modify rules and arrangements that are country-specific or discriminatory, and to effectively safeguard the common interests of existing investments and the common interests of future Sino-EU cooperation. Chinese enterprises are important partners in Europe's digital transformation and industrial upgrading. The Chinese business community is willing to continue to strengthen cooperation with the EU to jointly promote cybersecurity governance and green economic development, maintain an open, fair, and non-discriminatory market environment, and jointly ensure the stability and smooth operation of global industrial and supply chains.

Bank of Japan: From the perspective of supporting Japan's growth-oriented investment expansion, it is crucial to achieve price stability through the appropriate implementation of monetary policy.

Bank of Japan: The Japanese economy is likely to continue to grow moderately, albeit at a slower pace.

The Bank of Japan stated that the impact of rising import prices warrants close attention, as it is expected to push up prices for various goods, including durable goods.

Bank of Japan: Upward pressure on wages and prices may be stronger than the output gap suggests.

Bank of Japan: Import prices have risen significantly year-on-year recently due to the depreciation of the yen and the trend of commodity prices (such as persistently high crude oil prices).

Bank of Japan: The output gap is showing an improving trend and has recently turned slightly positive.

Bank of Japan: If domestic and international demand for aluminum-related materials and components exceeds expectations, upward pressure on prices may increase further.

Bank of Japan: The median forecasts for core-core CPI for fiscal years 2026-2028 are 2.5%, 2.6%, and 2.2%, respectively (April forecasts were 2.6%, 2.6%, and 2.2%).

Bank of Japan: Due to high crude oil prices, price transmission in inter-company transactions is proceeding at a relatively rapid pace.

The Bank of Japan stated that it must pay close attention to prevent the risk of rising inflation from becoming a reality and thus adversely affecting the economy.

Bank of Japan: Businesses are more inclined to raise wages and prices.

The Bank of Japan stated that it will implement monetary policy as appropriate from the perspective of achieving its inflation target sustainably and stably.

Bank of Japan policy board member Hajime Takada proposed raising the short-term interest rate target to 1.25%.