Daily Economic Calendar: BOJ Minutes, China Industrial Profits, Lagarde Testimony

This is a dense macro calendar rather than a single catalyst, and its weight lies in the layering of policy signals across three blocs on one day. The BOJ minutes and services price index matter for how Japan's normalization path is being framed internally, while Lagarde's testimony and Ramsden's remarks keep the ECB and BOE reaction functions in view. China's industrial profits and the state-owned enterprise briefing are the pieces most likely to shape the growth narrative. The open question is whether these releases reinforce a synchronized policy-pause read or start to diverge.