Core Viewpoint - The risk of inflation in Japan is increasing, which may prompt decisive action from the Bank of Japan sooner than expected [1] Group 1: Inflation Risks - The Bank of Japan's inflation target may be achieved earlier than anticipated due to rising inflation risks [1] - Companies are not overly pessimistic despite the inflation concerns [1] Group 2: Monetary Policy - The Bank of Japan is unlikely to raise interest rates during ongoing trade negotiations [1]

日本央行委员：通胀达标或早于预期 应尽快考虑加息 金十数据6月25日讯，日本央行审议委员田村直树周三在福岛县对企业界人士发表演讲时表示，日本央 行应尽快考虑进一步加息，因为通胀有可能比预期更早达到目标。他表示："我的基本想法是，央行将 不带任何先入为主的分析数据和各种信息，根据经济活动和物价的改善情况，及时、适当地提高政策利 率，调整货币宽松程度，不急不缓。"他认为，通胀上升速度可能快于日本央行的预期，迫使日本央行 在全球不确定的情况下采取果断行动。 ...

日本央行审议委员田村直树：将以及时、适当的方式加息。 ...

日本央行6月政策会议观点摘要：一位委员称，如果经济展望实现，就将加息。 ...

巴西央行：若有需要将毫不犹豫再次加息。 ...

巴西央行：加息的影响仍有很大部分待显现。 ...

Group 1 - The core viewpoint of the news highlights the recent performance of silver futures and the economic indicators from Japan, suggesting potential market movements and implications for investment strategies [1][2] - On June 23, the Shanghai silver futures closed at 8770 yuan per kilogram, with a daily increase of 0.35% and a trading volume of 436,999 contracts [1] - The spot price of silver in Shanghai was reported at 8707 yuan per kilogram, indicating a discount of 63 yuan per kilogram compared to the futures price [1] Group 2 - The Bank of Japan has decided to slow down the reduction of bond purchases starting from the fiscal year 2026, amid concerns over the economic outlook and potential impacts of U.S. trade tariffs [1] - Japan's core inflation rate has remained above the central bank's 2% target for over three years, reaching a two-year high in May, which opens the door for further interest rate hikes [1] - The au Jibun Manufacturing Purchasing Managers' Index (PMI) showed that Japan's manufacturing sector returned to expansion for the first time since May 2024, rising from 49.4 to 50.4 in June [1] Group 3 - The trading strategy for silver futures indicates a recent trend of initial declines followed by rebounds, with a focus on adjusting the rebound target upwards [2] - The primary resistance level for silver futures is set at 8900, and if this level is breached, there is potential to test the 9000 psychological resistance zone [2] - The overall trading rhythm is expected to remain oscillating and slightly bearish [2]

日本央行行长植田和男表示，如果经济和物价如预期般改善，预计将继续加息以应对经济状况。日本的 实际 利率明显偏低。 ...

下半年通胀走势将符合目标。 日本央行行长植田和男：日本经济正在温和复苏。 日本实际利率显著偏低。 如果经济展望得以实现，将会加息。 日本金融体系保持稳定。 ...

日本央行行长植田和男：如果经济和物价如预期般改善，预计将继续加息以应对经济状况。 ...