News

According to a survey conducted by data provider Quick among economists, consumer inflation in Tokyo, excluding volatile fresh food prices, is projected to rise by 1.6% year-on-year in June. This increase is higher than the 1.3% growth recorded in May, but still below the Bank of Japan's 2% target.Economists noted that, nonetheless, rising oil costs are expected to take some time before they are fully reflected in consumer prices. Bank of Japan Deputy Governor Himeno Ryozo recently stated that the impact of soaring crude oil prices may become more apparent in consumer prices around the summer. Tokyo's consumer price data will be released on Friday.

Golden Globe June 25｜Stifel has lowered the target price of ON Semiconductor from $107 to $90, maintaining a "Hold" rating. (Golden Globe)

According to Bloomberg, the Indonesian Financial Services Authority requires influencers in the financial sector to disclose paid promotion information and obtain licensing qualifications for recommending assets. Companies are responsible for information published by influencers in collaborative marketing. Crypto influencers must hold specific certifications. In February this year, the agency imposed a fine of 5.4 billion Indonesian rupiah (around 300 thousand US dollars) on an influencer who manipulated stock prices.