Group 1 - The core viewpoint is that the Bank of Japan, led by Governor Kazuo Ueda, is focused on setting short-term policy interest rates to achieve its inflation target [1] - Unrecognized losses on Japanese government bonds will not impact the central bank's revenue [1] - The Bank of Japan requires time to decide how to handle its holdings of ETFs [1]

Core Viewpoint - The Federal Reserve's monetary policy is currently in a good state, with risks to employment and inflation targets being "roughly balanced" [1] Summary by Relevant Categories Monetary Policy - The current monetary policy is described as being in a good state, indicating stability in the economic environment [1] Employment and Inflation - Risks associated with employment and inflation targets are considered to be "roughly balanced," suggesting that neither area is significantly more at risk than the other at this time [1]

智通财经APP获悉，德国央行行长、欧洲央行管委会成员约阿希姆·纳格尔表示，欧洲央行即将实现2%的通胀目标，但高度不确定性使得无法预测未来利率 走势，需要保持最大灵活性。 这位德国央行行长周二在曼海姆表示，"目标终于触手可及"。"我们走在正确的轨道上，尽管道路依然崎岖，"他指的是近期基础通胀和服务业通胀的上升。 纳格尔称，现在判断官员们是否会在不到两周后的下次会议上再次降息还为时过早，这凸显了欧洲央行依赖数据、逐次会议决策的方针。 "如果我们没有长期践行这种灵活性，现在也必须引入它，因为目前不可能可靠地承诺特定的利率路径，"他表示。 法国5月份通胀率降至仅0.6% 随着通胀回落和经济面临美国关税的阻力，市场普遍预计欧洲央行将在6月5日下调借贷成本。除此之外，一些官员对将存款利率降至2%以下持开放态度 ——该水平通常被认为既不会抑制也不会刺激经济活动——而另一些官员则敦促谨慎行事，指出未来可能面临的价格压力。 上周五美国总统特朗普威胁从6月1日起对欧盟征收50%关税后，投资者加大了对宽松政策的押注，预计在下月降息后至少还会再降息一次。尽管特朗普周日 将谈判截止日期延长至7月9日，投资者仍保持这一预期。 尽管由于基 ...

将密切留意通胀预期。 预期建立在"根基不如以往那样牢固"的基础之上。 欧元区2%这一通胀目标已经触手可及。 通胀可能会比之前预期的更高，或者更低。 欧洲央行管委兼德国央行行长Nagel：现在预判欧洲央行6月份是否再次降息还言之过早。 ...

Group 1 - The Bank of Japan's Governor Ueda Kazuo indicated that if the economy improves as expected, the central bank will continue to raise the benchmark interest rate, which has strengthened the yen [1] - Ueda stated that the central bank has lowered its economic and inflation outlook due to increased uncertainty, particularly related to trade policy risks, but still expects core inflation to gradually approach 2% in the latter half of the forecast period [1][2] - Japan's core CPI accelerated to 3.5% year-on-year in April, marking three consecutive years of meeting or exceeding the central bank's target, with expectations for May data to continue this trend [1] Group 2 - Ueda highlighted that Japan is experiencing a second round of supply shocks due to soaring food prices, which requires close monitoring, particularly the transmission effect of food inflation on core inflation [2] - The government plans to release more rice reserves to stabilize the market and has introduced energy subsidies covering gasoline, natural gas, and electricity to alleviate household financial pressure [2] - The Bank of Japan halved its growth forecast for the current fiscal year and postponed the timeline for achieving its inflation target by one year, which was interpreted as a dovish signal [3]

目前比过去30年来的任何时候都更接近通胀目标。 日本央行行长植田和男：日本正在努力应对实现2%通胀目标的挑战。 ...

Group 1 - The central bank of Israel will determine the interest rate path based on inflation trends towards its target, the stability of financial markets, economic activity, and the state of fiscal policy [1]

欧洲央行管委内格尔：仍有望在2025年前实现2%的通胀目标。 ...

欧洲央行管委兼德国央行行长Nagel：仍有望于2025年实现2%的通胀目标。 利率不再被称为限制性。 在货币政策上需要保持谨慎。 ...

欧洲央行会议纪要：预计通胀率在今年剩余时间内将接近2%的通胀目标。 ...