Japan's finance minister Katayama said U.S. Treasury Secretary Bessent has spoken highly of "Takaichi economics".

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.

UK Maritime Trade Operations (UKMTO) said it had received reports of an incident in the Strait of Hormuz.