Kazakhstan's Ministry of Energy says Karachaganak oilfield is scheduled for maintenance in September, with estimated production loss of 400,000-450,000 tonnes.

Shanghai municipal government issued a 15th Five-Year Plan to accelerate its international trade centre and expand foreign market access. The plan will deepen service-sector opening pilots, seek category-based relaxation of entry limits, and pilot liberalisation first in telecoms, digital sectors, financial services, healthcare, commerce/tourism and transport. It supports upgrading foreign firms and headquarters capacity by backing local R&D, technology upgrades and green low-carbon transitions, and by promoting onshore reinvestment, including equity and M&A. Policies to develop a headquarters economy will be upgraded to attract regional and global HQ functions—R&D, treasury, investment decision-making and supply-chain management. Shanghai will also deepen a foreign R&D centre enhancement plan, optimise recognition and dynamic evaluation mechanisms, and encourage higher R&D spending and open innovation.

Sony Financial Group economist Takayuki Miyajima said the neutral rate is a key risk for the JGB market. If financial conditions stay loose even after rate increases take effect, market estimates of the neutral rate could rise above the 1.50–1.75% range cited by bond analysts, potentially pushing terminal-rate expectations above the current 2.25% and keeping the 10-year JGB yield solidly above 3%.