U.S. Energy Secretary wright said the Strait of Hormuz will take several weeks to return to normal.

Bilibili (BILI.O) shares rose 2.9% after the company announced a new $300 million share repurchase program.

Daiwa Securities economist Kento Minami says last week’s optimistic BOJ meeting summary suggests the Bank of Japan will adopt a neutral assessment of economic risks in its July quarterly outlook, reversing April’s characterization of risks as tilted to the downside. He warns that with downside risks fading and upside risks to prices now dominant, the July outlook will shape policy; if growth stabilizes and inflation risks remain elevated, the BOJ could have scope to tighten earlier and faster than currently expected to rein in prices.