Japan foreign minister Toshimitsu Motegi leaves today for visits to Saudi Arabia and Oman to exchange views on promoting de‑escalation of the Iran situation and to discuss measures to ensure free, safe navigation. He will reaffirm cooperation with Saudi Arabia—one of Japan’s largest crude suppliers—and with Oman, an important supplier of crude and LNG, on securing stable energy supplies.

巴克萊銀行：將埃克森美孚石油(XOM.N)目標價從182美元下調至177美元。

Japanese 10‑year government bond yields rose 5.5bps to 2.93%, theirhighest since 1996; 30‑year yields climbed 5bps to 4.06%, nearing May record highs. The move reflects fiscal funding uncertainty after the government has not clarified how it will finance a two‑year cut to the food consumption tax, and reports that Prime Minister Takaichi's administration supports near‑term Bank of Japan rate increases, with a next hike possible in September or October. Ryutaro Kimura, senior bond strategist at BNP Paribas Asset Management, said improving liquidity as investors return from summer holidays has prompted markets to price faster Bank of Japan tightening, and warned that unless Takaichi abandons expansionary fiscal policy, yields may fall only gradually.