Japan–U.S. FX Coordination: Japan’s finance minister Satsuki Katayama says she and U.S. Treasury chief Scott Bessent are closely coordinating after Japan’s yen-support intervention, with both sides stressing action should target “disorderly” moves amid Middle East-driven dollar demand. SoftBank Watch: SoftBank is set to report Wednesday, with analysts pointing to its OpenAI stake for strong profits—while debt used to fund the bet is raising sustainability concerns. EV Battery Supply Chain: Panasonic again pushes back mass production of its 4680 battery cells, blaming delays from its key customer’s purchase order. Health & Kids Policy: A U.S. pediatricians group issues new guidance urging schools to protect recess as essential for learning and wellbeing. Science in the Lab: University of Tokyo researchers report licorice compound glycyrrhizin easing inflammation in stem-cell intestinal models for IBD—promising, but still awaiting human trials. Markets Mood: India’s stocks open lower as crude oil rises and geopolitics weigh on sentiment.