Korea Exchange activated the sidecar mechanism for the KOSDAQ index, suspending KOSDAQ program trading.

A private member of Japan’s Council on Economic and Fiscal Policy said the Bank of Japan should continue raising rates at a moderate pace, ideally every six months, to correct excessive yen depreciation. He said that pace would not harm domestic investment and expects the BOJ to hike at year-end, again in summer next year, then pause. He added he personally regards a June hike as appropriate, warning that delaying would risk further yen weakness and hurt households.

日本政府经济顾问长濑：日本央行应该继续以适度的速度加息。