Tokyo

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.

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.

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.

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.