Japan all-households spending July MoM +0.5% vs forecast +2.6%; prior -6.4%.

On Sept. 3 Wolong Electric Drive signed a strategic cooperation agreement with Shanghai Mufan Power Technology; the partners expect cumulative orders of more than 700 million yuan over the next three years. Wolong’s Nanyang Explosion‑proof Group gas‑turbine generator is described as core distributed‑energy equipment. North American and Southeast Asian data‑center demand for on‑site generation is rising, and gas turbines—cited for faster payback, shorter construction cycles and rapid ability to plug power shortfalls—are identified as having broad application in data‑center deployments.

WALLER said in balance-sheet working group discussions he will oppose any proposal that would return reserve balances to scarcity.