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Asian shares rose on Tuesday, led by gains in Japan and Hong Kong, as investors awaited key decisions from the Bank of Japan and the U.S. Federal Reserve on interest rates. The Bank of Japan is expected to keep its benchmark interest rate unchanged at its monetary policy board meeting on Wednesday, while the U.S. Federal Reserve is also due to announce its latest decision on interest rates on Wednesday.

Global stock markets rebounded on Tuesday after Ukraine agreed to a 30-day ceasefire with Russia, easing concerns about the ongoing conflict and its potential impact on the global economy. However, concerns remained about the potential economic impact of U.S. tariffs on steel and aluminum imports from Canada.

More than 1,000 people have applied to run for the new regional political party Saisei no Michi in the upcoming Tokyo metropolitan assembly election, with the party aiming to field up to 60 candidates across all 42 electoral districts. The party's founder, Shinji Ishimaru, a former mayor of Akitakata in Hiroshima Prefecture, will not be running in the election himself.

At least 17 foreigners have been deported from Japan since stricter refugee application rules took effect in June 2024, raising concerns about the potential for persecution upon their return to their home countries. The revised law allows for the deportation of individuals whose refugee applications have been rejected twice, despite criticism that it puts asylum seekers at risk.

A survey reveals that nearly half of high-rise condo buyers in urban areas intend to sell for profit, highlighting the investment focus over residence. Rising construction costs and affluent "power couples" fuel the demand, but experts warn of a potential bubble and urge caution against neglecting investment fundamentals.