Bailey said the Bank of England's FPC held a particularly in-depth, complex discussion on leverage reform.

Kiuchi said reports that Prime Minister Takaichi's government is attempting to steer interest rates lower are incorrect and the government has no intention of pressuring the Bank of Japan to ease policy. He spoke in Tokyo as markets watch how Takaichi plans large-scale investment without increasing Japan's already heavy debt burden. Kiuchi said he attended last month's BOJ policy meeting as a government representative, where policymakers raised the benchmark rate to 1% — the highest in 31 years.

U.S. stocks opened higher: Dow Jones +0.11%, S&P 500 +0.32%, Nasdaq +0.78%. Chip names led gains — SanDisk (SNDK.O) +4%, Western Digital (WDC.O) +5%+, Broadcom (AVGO.O) +3.5% after its cooperation agreement with Apple was extended to 2031. The Nasdaq Golden Dragon China Index rose 0.89%.