[Morning Report] The dollar and yen are in the middle of the 146 yen range, the British Central Bank bought dollars in response to Chairman Powell's speech, and it is still necessary to maintain high interest rates for a while - Vice Governor

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The dollar and yen are in the middle of the 146 yen range, buy dollars in response to Chairman Powell's speech - sense of caution against intervention
The dollar/yen exchange rate in the Tokyo Foreign Exchange Market on the morning of the 28th remained in the middle of the $1 = 146 yen range. In overseas markets the previous weekend, additional interest rate hike observations increased in response to a lecture by US Federal Reserve (FRB) Chairman Powell, and dollar buying pressure was applied.

It is still necessary for the Bank of England to maintain high interest rates for a while - Deputy Governor Broadbent
Deputy Governor Broadbent of the Bank of England (British Central Bank) expressed recognition that even with recent declines in gas prices and producer prices, there is no rapid slowdown at a pace similar to the rapid rise in inflation, so it is necessary to maintain high interest rates for a long time.

The Fed should wait and see with interest rates unchanged = Philadelphia Fed President
President Patrick Harker of the US Philadelphia District Federal Bank said on the 25th that banks and companies need to analyze the Fed's interest rate hikes over the past year and a half before the US Federal Reserve (Fed) raises interest rates again.

China Evergrande's 660 billion yen deficit totaled 12 trillion yen in two and a half years from January to June
China Evergrande Group, a major Chinese real estate company undergoing management restructuring $EVERGRANDE(03333.HK)$In the consolidated financial results for the fiscal year ending 2023/1/6 announced on the 27th, the final profit and loss was in deficit of 33 billion yuan (about 66 billion yen). It shrunk from a deficit of 66.3 billion yuan in the same period last year, but it was the final deficit for the third year in a row for the January-6 fiscal year.

US 3M tentative agreement to pay 5.5 billion dollars - over lawsuit over defects in combat earplugs
Rice from a daily necessities/industrial goods manufacturer $3M(MMM.US)$It is a lawsuit that allegedly sold defective combat earplugs to the US military, and a provisional agreement was reached by paying over 5.5 billion dollars (about 805 billion yen) to settle it. Multiple people involved who are familiar with the internal affairs made it clear.

JP Morgan President “AI Investment Will Further Increase” 150 billion yen per year
The largest US bank $JPMorgan(JPM.US)$From 2024 onwards, it will invest more than 1 billion dollars (about 145 billion yen) per year in artificial intelligence (AI) and data analysis. President and Chief Operating Officer (COO) Daniel Pinto made it clear in an online interview with the Nihon Keizai Shimbun.

China to halve stock transaction stamp duty from 28th - IPO pace to securities regulatory council restrictions
The Chinese authorities have decided to reduce stamp duty on stock transactions since 2008 in order to “revitalize capital markets and improve investor confidence.”