Bank of Japan Governor Ueda said the BOJ is not considering a rate hike at a specific time and will assess risks at each policy meeting.

After a period of cuts and product withdrawals under net interest margin pressure, several private banks have begun lifting select deposit rates. WeBank raised its 3‑year fixed deposit rate to 1.75% from 1.60% (+15bps). WeBank’s current on‑term retail deposit rates are: 5y 1.60%, 3y 1.75%, 2y 1.60%, 1y 1.50%, 6m 1.30%, 3m 1.10% — with a 3y/5y inversion. Sushang Bank recently issued large‑denomination CDs at 1.85% for 5 years and 1.95% for 3 years. In June several private banks, including Beijing Zhongguancun Bank, Hunan Sanxiang Bank and Yilian Bank, had previously delisted 5‑year term deposits.

Axios reports President Trump said the war with Iran is approaching a critical juncture and he must decide whether to resume large-scale military operations to force an end to the conflict.