Institute of International Finance: Emerging-market sovereign bond issuance totaled about $170bn in 1H, with net issuance above $100bn.

The National Energy Administration published the Energy Sector Energy‑saving and Carbon‑reduction Action Plan (2026–2028), prioritizing coal‑power decarbonization. It calls for orderly retirement of a batch of eligible coal‑fired units at or below 300 MW and encourages replacement units be built to new‑generation coal standards; promotes cross‑generation upgrades to supercritical/ultra‑supercritical technology for a number of 600 MW units; supports co‑firing of zero/low‑carbon fuels and CCUS retrofits for eligible units, with post‑retrofit carbon intensity targeted to fall about 10% per MWh; and backs integration projects linking coal, gas and renewables via thermal and energy‑storage coupling and integrated aggregation/transmission to achieve combined emissions reductions.

Daiwa Securities economist Yutaro Suzuki says Japanese producer prices are likely to rise more than 5% YoY and that oil and petroleum-product prices could remain elevated for a period. Bank of Japan data showed the June corporate goods price index (CGPI) up 7.1% YoY. Suzuki warned renewed Middle East tensions pose upside risk to oil, but said he expects oil to decline gradually over the long run and for the CGPI to moderate modestly before year-end.