The US spot Bitcoin ETF had a net outflow of $133.15 million yesterday

Japanese Prime Minister Sanae Takaichi defended her absence from the online meeting of the Group of Seven (G7) and responded via social media to critics questioning why she did not attend despite what appeared to be a free schedule. She posted, "This meeting was arranged at short notice by the rotating chair France, and it was permissible to send a representative. To my knowledge, UK Prime Minister Burnham did not personally attend but sent a delegate instead; European Council President Costa was also absent." According to local media reports, Takaichi was at her official residence during the meeting and did not meet with anyone. She wrote, "Although the meeting ultimately decided to coordinate the release of 100 million barrels of oil reserves, Japan had already been releasing reserves beforehand and currently has no plans for new measures." Takaichi added that Vice Minister of Foreign Affairs Kazuya Endo attended the meeting on her behalf.

JPMorgan has raised the price target for Regeneron Pharmaceuticals (REGN.US) from $900 to $950.

According to Nikkei, Japan’s Minister of Economy, Trade and Industry Akazawa Ryo Masa stated on the 6th that the upcoming "Asia Zero Emissions Community" (AZEC) ministerial meeting to be held on the 8th will focus on discussions to expand oil reserves in the Asian region and "strengthen cooperation between oil-producing and oil-consuming countries."

(1) Vietnam is vigorously promoting the use of LNG to meet the surging electricity demand, but related projects are seriously behind schedule, with only 1 out of 18 LNG power generation projects expected to be completed on time. (2) Vietnam’s Minister of Industry and Trade, Le Minh Hoan, stated at a government meeting last week that the total installed capacity of these proposed projects exceeds 20 gigawatts, but only the Xi Fu LNG project is proceeding as planned. Deputy Minister of Industry and Trade, Truong Quang Hoai, said at the same meeting that investors have been selected for 16 of the 18 projects, but only two projects have started construction. (3) Project delays threaten Vietnam’s plan to increase the proportion of LNG in its energy mix to 12% by 2030. The Ministry of Industry and Trade warned last month that, due to these delays, Vietnam may face a risk of power shortages next year.