China’s National Development and Reform Commission and National Energy Administration issued the oil and gas development 15th Five-Year Plan, targeting by 2030 domestic oil and gas supply of 440 mln tonnes of oil equivalent; addition of 20,000 km of long-distance trunk pipeline to bring the national network to 220,000 km; gas storage capacity to exceed 13% of national consumption; LNG receiving capacity of 200 mln t/yr; onshore pipeline import capacity of 114 bcm/yr; and CCS/CCUS annual CO2 inje

日本10年期国债收益率继续上升，上涨5个基点至2.925%。

Implementation plans for this year’s new policy financial instruments were recently distributed to local governments; localities will submit projects under the scheme. Unlike last year, fiscal authorities will provide interest subsidies for eligible instruments. Allocation guidance emphasizes stronger support for private investment and industry projects. 2025 priority sectors include the digital economy, artificial intelligence, consumption infrastructure, transport, energy, underground utility-network construction and urban-renewal projects.