Japan — Bank of Japan & Scott Bessent

Japan — Bank of Japan: The Japan — Bank of Japan's gradual pace of interest rate increases, despite a recent hike, is seen as insufficient to stem the Japan — Japanese yen's depreciation, and there are concerns about government pressure to limit further rate hikes.

Scott Bessent: Scott Bessent, the US Treasury Secretary, met with Japanese Finance Minister Satsuki Katayama, and they agreed on taking bold steps on currencies if needed.

Japan — Bank of Japan: The Japan — Bank of Japan is scheduled to have a rate-setting meeting next week, following the ECB's rate hike in response to inflation.

Scott Bessent: Scott Bessent, U.S. Treasury Secretary, reassured about the temporary nature of the sanctions waiver on Russian seaborne oil.