Core Viewpoint - Japanese automakers are significantly reducing export prices to the U.S. in response to high tariffs imposed by the Trump administration, sacrificing profits to maintain market competitiveness [1] Price Reduction Impact - The vehicle export price index for shipments to North America fell by 19.4% year-on-year in June, marking the largest decline since records began in 2016 [1] - This price reduction strategy aims to avoid substantial price increases in the U.S. market despite a 25% tariff on automobiles implemented in April [1] Profitability and Wage Growth - The aggressive pricing strategy puts greater pressure on corporate profitability, which may affect the ability of Japanese automakers to continue raising wages [1] - Wage growth is a critical factor for the Bank of Japan in achieving sustainable inflation targets [1]

花旗分析师表示，他们预计会议纪要将暗示"利率轨迹将取决于6月、7月和8月公布的数据"，这与美联 储主席鲍威尔在国会听证会上的说法一致。鲍威尔为美联储在9月会议上可能降息奠定了基础，前提是 关税导致的物价上涨没有显示出导致持续通胀的迹象，而且经济继续创造足够的就业机会，以防止失业 率上升过快。花旗分析师表示："'观望'期可能会在夏末结束。" ...

美联储主席鲍威尔重申将坚持实现2%的可持续通胀目标。 ...

日本央行审议委员野口旭：日本经济目前正转向一个新的阶段，即实现可持续通胀的同时伴随工资增 长。 ...

美联储主席鲍威尔：避免持续通胀将取决于关税的规模、时间和通胀预期。 ...