Philippines–Japan Security Boost: President Ferdinand Marcos Jr. met former PM Fumio Kishida in Tokyo and, with PM Sanae Takaichi, announced talks to share classified military information, delimit maritime borders, and transfer Abukuma-class destroyers—plus a double-tax deal—under a push for “open, secure, governed by rules” seas. Energy Cooperation: The leaders also discussed Japan’s $10bn Powerr Asia plan to back renewable energy and long-term energy resilience as Middle East supply worries grow. EU Crackdown on Temu: The European Commission fined Chinese-owned Temu €200m over illegal and unsafe products, warning it failed to assess systemic risks properly. China Finance & Climate: China launched its first green sovereign bond sale in Hong Kong, raising $886m, as Beijing expands offshore yuan green funding. India Currency Upgrade: RBI is reportedly preparing polymer rupee notes aimed at longer life and lower maintenance costs. Asia Security Summit: The Shangri-La Dialogue opened with concerns over China’s military modernization and doubts about US priorities amid Iran and Ukraine tensions. Japan Demographics: Japan’s population fell to 123.05m in 2025, the steepest drop on record, underscoring aging pressures. Trade Disruption: Japan halted fresh mango imports from India over quarantine fumigation/disinfection concerns, hitting exporters ahead of peak season.