Japan July core CPI YoY 1.8% (consensus 1.8%; prior 1.6%).

Sharp yen weakness and rising bets on earlier BOJ tightening drove global funds to record sales of short- and medium-term JGBs in July. Japan Securities Dealers Association data showed net JGB sales of 1.28 tln yen in July, the largest since July 2006; foreign investors nonetheless net bought 889.8 bln yen of 10-year-plus bonds. Late July’s fall in USD/JPY to its weakest since 1986 prompted historic joint intervention by Japan and the U.S. The Bank of Japan left policy unchanged on July 31, but Governor Ueda signaled possible action in September. Mitsubishi UFJ strategist Keisuke Tsuruta said rising expectations of a faster BOJ tightening cycle likely underpinned the foreign net selling.

Shanghai Municipal Sports Bureau issued a sports development plan with targets for 2030 and 2035. By 2030 the city aims to advance toward a globally renowned sports city, consolidate a 'one city, one capital, four centers' development framework, materially increase public participation in sports, expand the economic contribution from sporting events, and strengthen technology-driven support and integration of sports into urban infrastructure. By 2035 the plan targets elevation to a higher-level globally renowned sports city with sports development ranked among the global leaders.