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1.16632
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Gold
4651.66
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84.551
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159.093
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Real-time News
On August 25th, former Bank of Japan official Seiji Adachi stated that the Bank of Japan is very likely to raise interest rates next month, confirming widespread market predictions. In an interview, Adachi said, "The Bank of Japan is essentially in a dilemma. The market has largely priced in a rate hike. If the central bank doesnt raise rates, the yen could weaken significantly again." This comes after US Treasury Secretary Bessant indicated that policy action was needed after foreign exchange intervention and expressed hope that Bank of Japan Governor Kazuo Ueda would raise interest rates. "Bessant has repeatedly hinted that the Bank of Japan will be the next institution to take action," Adachi said. "Given this, the government cannot tell the Bank of Japan dont do it." Adachi pointed out that Japans inflation momentum is strong, and after the expected rate hike in September, the Bank of Japan is likely to continue raising rates. He stated, "I think the Bank of Japan will act again in January next year, and the rate hike cycle is very likely to continue for some time, even exceeding the previously considered end point of the cycle at 1.25% or 1.5%."Boeing (BA.N) has contracts related to foreign military sales projects, with customers including Japan, Israel, Saudi Arabia, South Korea, Singapore, Indonesia, and Poland.Boeing (BA.N) has been awarded a contract worth up to $131.2 billion for the U.S. Air Forces F-15 Eagle Crest program. The contract is expected to expire on August 24, 2031, with an option to extend to August 24, 2036.Sources say JPMorgan Chase (JPM.N) and Santander are leading a financing round of up to $15 billion for Argentina’s liquefied natural gas project.On August 25th, Iranian Foreign Ministry Spokesperson Baghae held a press conference on August 24th, addressing regional issues and Iran-US relations. Baghae emphasized that Iran has the right to strike at all sources of aggression, and that the US threat to impose a new round of sanctions on Iran is a serious violation of international law. Regarding the US threat to impose so-called "toughest sanctions" on Iran, Baghae stated that the Iranian government understands the current economic pressures and business difficulties it faces domestically, which are part of the pressure the US has exerted on the Iranian people over the past decades. The Iranian government had previously assessed the situation and is taking all necessary measures to counter the economic sanctions. He condemned the US for calling its sanctions against Iran "economic warfare," stating that this demonstrates the USs disregard for the free trade system between nations and national sovereignty.
