France's finance minister said he hopes France will follow a credible path.

China’s Ministry of Housing and Urban-Rural Development (MOHURD) told a government briefing it will boost residential quality by focusing on building “good homes” — defined as safe, comfortable, green and smart. Improvements will span the full chain and lifecycle: higher standards, better design, improved materials, construction quality and operations/maintenance. MOHURD said it will raise housing-quality requirements in 14 specific areas and will shape standards by listening to residents’ views on what constitutes a good home.

The Bank of Japan raised its policy rate 25 bps to 1.25%, broadly as expected. Nikkei futures extended gains and the yen weakened. The BOJ said underlying inflation is nearing its 2% target and it will closely monitor the Middle East conflict, yen moves and AI-driven demand. Markets are focused on Governor Ueda's late-Friday press conference for signals on the pace of further hikes.