Group 1 - The core viewpoint is that the Deputy Governor of the Bank of Japan, Shinichi Uchida, has indicated that economic uncertainty may pose a downside risk to inflation [1] Group 2 - The statement reflects concerns regarding the potential impact of economic fluctuations on inflation rates [1] - The Bank of Japan's stance suggests a cautious approach to monetary policy in light of these uncertainties [1] - This commentary may influence market expectations regarding future interest rate adjustments by the Bank of Japan [1]

Core Inflation Outlook - Singapore's core inflation is expected to remain moderate for the remainder of the year, according to a report by DBS Bank's senior economist Chua Han Teng [1] - The expectation reflects DBS Bank's outlook on curbing input inflation and reducing the pass-through of corporate costs to consumer prices [1] - There are anticipated downward risks to Singapore's inflation, aligning with the Monetary Authority of Singapore's moderate assessment [1] Economic Context - A slowdown in global trade may adversely affect Singapore's export-dependent economy, potentially weakening domestic labor demand and wage growth [1]