The Bank of Japan is reportedly inclined not to implement a consecutive rate hike in October.

The State Administration for Market Regulation (SAMR) published a draft notice seeking public comment that would link environmental electricity-price payments to hourly emissions compliance for coal-fired generators. Under the proposal, grid companies would directly deduct payments for desulfurization, denitrification, dust removal and ultra-low-emission charges from settlements for hours when a coal-fired unit’s hourly average SO2, NOx or particulate concentrations exceed regulatory limits; the rule covers both public and captive coal-fired units’ output delivered to the grid.

BofA FMS global fund manager survey: largest tail risk is a disorderly rise in bond yields, second is an AI bubble.