Refinitiv sources said Starbucks (SBUX.O) is considering selling a majority stake in its Japan business, which is estimated at about $3 billion.

UK August CPI YoY 3.1% (expected 3.1%); prior 2.9%.

Japanese Prime Minister and LDP president Sanae Takaichi made a small reshuffle of senior party posts at a special general affairs meeting on the morning of the 16th, keeping most incumbents. Vice president Taro Aso and secretary-general Shun'ichi Suzuki remain in place. Hiroshi Kajiyama will move from Diet strategy committee chair to become general council chair, with former Deputy Chief Cabinet Secretary Hideki Murai replacing Kajiyama as Diet strategy committee chair. Upper House secretary-general Junichi Ishii was removed and replaced by Kazuhiko Aoki. Nikkei reported Takaichi was said to be dissatisfied with Ishii’s handling of budget scheduling. Media said the moves are aimed at stabilizing the party base and securing Takaichi’s re-election in next autumn’s LDP leadership contest; a cabinet reshuffle is scheduled for the 17th.