Tokyo

Markets face a packed economic calendar this week, headlined by the U.S. jobs report and inflation figures from the United States, Eurozone, Australia, South Korea and Tokyo. The Reserve Bank of Australia meets, while speeches are scheduled from the Federal Reserve, European Central Bank and Bank of England. Traders will watch the releases closely for clues on interest rate paths.

Japan's Defense Ministry has announced it will support startups working on unmanned aerial vehicle development, according to the Japan Times. The move aligns with Tokyo's broader push to strengthen its defense industrial base and tap private-sector innovation for military technology. Details on funding amounts and selected companies have not yet been reported.

UBS's latest housing bubble risk index places Zurich and Tokyo at the top, identifying them as the cities most exposed to overvaluation. The report finds that global house price growth is slowing, easing bubble risk in many markets. Investors are watching the findings for signals on real estate exposure in major cities.

South Korean golfer Tom Kim will represent his country at the Asian Games in Hangzhou shortly after playing in the Presidents Cup. A medal at the Games could earn him an exemption from South Korea's mandatory military service, a rule that has shaped the careers of several of the country's top male athletes, including fellow golfers Son Jun-hwan and Im Sung-jae, who earned exemptions through Olympic bronze in Tokyo.

Japanese leader Sanae Takaichi said Japan and the United States have agreed to work together on a range of issues relating to China. The announcement points to continued coordination between the two allies on security, economic and diplomatic concerns in the region. The remarks drew attention as tensions between Tokyo, Washington and Beijing remain a central topic in Asia-Pacific diplomacy.

Japan's Defense Ministry announced it will support startups involved in the development of unmanned aerial vehicles, better known as drones. The initiative aims to bring private-sector innovation into the country's defense technology base, as Tokyo moves to strengthen its domestic defense industry and catch up in areas where established contractors have lagged behind global peers.

The Tokyo Stock Exchange began trading after Japan's governing Liberal Democratic Party elected a new leader, a decision with potential implications for the country's political direction and economic policy. Investors are watching how the leadership change might affect fiscal and monetary policy, with markets in Asia closely tied to Japanese political developments at the moment.

Tokyo Metro says roughly 59,000 email addresses belonging to members of its Metpo commuter points program may have been viewed or stolen after unauthorized access to a server, apparently from overseas. The company says train operations are unaffected. The breach drew attention because the server held addresses Tokyo Metro had already stopped mailing to, raising questions about why the outdated data was retained.

Attention in Japan is turning to the 60th Sprinters Stakes, a Grade 1 horse race, after the announcement of the barrier draw. Fans and racing media are examining the draw to assess each runner's chances, with coverage from sports outlets including TV Tokyo's sports desk discussing the field and the gate positions for the sprint feature.

The Yomiuri Giants are taking on the Tokyo Yakult Swallows in a professional baseball matchup, and fans across Japan are following the game closely. Sports outlets are providing live coverage and updates, with supporters from both clubs weighing in on the action as it unfolds on the field.

Tourism EXPO Japan 2026, the country's major travel trade show, is in the news as exhibitors announce their participation. Hawaii's tourism office is bringing local food specialties like loco moco, Spam musubi and acai bowls to Tokyo Big Sight, while the Morocco National Tourist Office has confirmed it will exhibit. Domestic players such as Shizu prefecture are also promoting regional tourism through the character franchise Tetsudo Musume.

The Yomiuri Giants are playing the Tokyo Yakult Swallows in a Nippon Professional Baseball game, drawing attention from Japanese baseball fans. Reports highlight pitcher Ogasawara throwing hard on the mound for the Giants. The matchup between the two Central League Tokyo clubs is attracting interest as the season progresses.

The ATP Tour has published details of prize money for the 2026 Tokyo tennis tournament. The figures are drawing attention from players and fans tracking how purses are rising across the tour, and from those comparing Tokyo's payout with other events on the 2026 calendar.