Fed's Kashkari said he would rather take small steps now than wait.

Institutions are racing to secure co‑location near the Shanghai and Shenzhen exchanges after the Shanghai Stock Exchange completed a switch of market-data access from LAN to WAN on July 31. The Shenzhen Stock Exchange has not yet completed the change but is expected to switch market-data access from LAN to WAN on August 7; some firms say the switch could occur within the week, though timing remains unconfirmed. Market participants report that surrounding data centers in both cities are facing tight supply for racks/co‑location, creating potential capacity constraints for latency‑sensitive trading and market‑data connectivity.

Chief Cabinet Secretary Kihara Minoru said specific monetary policy decisions are the responsibility of the Bank of Japan.