Global Markets Rise on US Debt Ceiling Optimism

Japan's April consumer price inflation report and the Group of Seven leaders summit in Hiroshima are in focus on Friday. The Nikkei 225 index is up 4% this week and on course for its best week since October. Annual core CPI is expected to rise back to 3.4% from 3.1% in March, which would up the ante on the Bank of Japan to start dismantling its 'yield curve control' policy sooner rather than later. The G7 leaders will discuss concern about China's use of "economic coercion" in its dealing overseas.