TAMURA, BOJ policy board member, said the recent rise in long-term interest rates is consistent with fundamentals and reflects market participants' views on inf and on monetary and fiscal prospects.

Chongqing Development and Reform Commission has published a draft Notice on Improving Full‑Lifecycle Services for Foreign Investment Projects for public comment. The draft pledges to protect foreign investors’ lawful rights, advance municipal foreign‑investment legislation, and strictly apply pre‑establishment national treatment plus the negative list, banning entry restrictions targeted at foreign capital. It calls for continued special inspections to root out implicit barriers, opens complaint channels, and promises strict enforcement against differential treatment, hidden thresholds and selective law enforcement. The draft also guarantees equal participation by foreign firms in government procurement and requires soliciting foreign‑invested enterprises’ views when drafting policies on using foreign capital.

Market pricing no longer fully prices a 25bp Bank of England rate hike this year.