IMF Chief Economist GOURINCHAS: It is too early for the Bank of Japan to tighten monetary policy because it will take time to re-anchor inflation expectations to its 2% target.

The three-month Hong Kong interbank offered rate, or Hibor, rose 1.2 basis points to 4.78464%, the highest in five months.

Market news: Gemini, a cryptocurrency trading platform, will seek a cryptocurrency license in the UAE.

Singapore-based cryptocurrency exchange Crypto.com has received digital payment license approval in Singapore.

SoftBank Group Corp extended gains to 5%.

U.S. Defense Secretary Austin: Japan welcomes additional support for Ukraine conflict.

US Secretary of Defense Austin: The alliance with Japan will become stronger.

US Secretary of Defense Austin: Japan and the United States are expanding the link between the defense industrial base.

US Secretary of Defense Austin: Will ensure that the US-Japan alliance remains the cornerstone of regional stability.

Japanese Defense Minister Yasuichi Hamada: Confirmed the importance of deepening cooperation with South Korea, Australia and ASEAN countries.

Sri Lanka lowered the reserve requirement ratio to 13.00% from 15.50%.

Sri Lanka cut its benchmark lending rate to 14.00% from 16.50%.

The Australian dollar rose more than 20 points against the US dollar AUD/USD in the short term and is now at 0.6505.

U.S. Treasury yields were higher, with the U.S. 10-year yield up 1.30 basis points at 3.650% and the 2-year U.S. Treasury yield up 2.7 basis points at 4.417%.

In the first quarter of Australia, the annual rate of new private capital expenditure was 6.3%, compared with the previous value of 3.6%.

The quarterly rate of private new capital expenditure in Australia in the first quarter was 2.4%, expected 1.00%, and the previous value was 2.20%.

The Nikkei 225 rose nearly 1%.

U.S. stock futures rose, with S&P 500 futures up 0.3% and Nasdaq futures up 0.2%.

White House: President Joe Biden urges Senate to pass debt ceiling deal as soon as possible.