China 2-yr government bond futures (TS) main contract down 0.01%, 5-yr (TF) down 0.03%, 10-yr (T) down 0.05%, 30-yr (TL) down 0.12%.

China's consumer prices rose 0.7% YoY in October, the National Bureau of Statistics said. Urban and rural CPI both rose 0.7%; food prices fell 2.9% YoY while non-food prices rose 1.5%. Goods prices were up 0.8% and services rose 0.7%. The Jan–Oct average CPI was 0.9% higher than a year earlier.

NHK reported today that, in the context of revising Japan’s three security documents, Japan defence minister KOIZUMI said a shrinking population makes securing adequate Self-Defense Forces personnel difficult. He said he wants to study breaking down organizational barriers between the Ground, Maritime and Air Self-Defense Forces and explore a new organizational structure to strengthen Japan’s defence capability.