Japan will issue around 35.5 trillion yen ($258.52 billion) in new government bonds for the fiscal 2023/24 annual budget, government sources told Reuters on Tuesday, adding to the industrial world's heaviest public debt.

China kept benchmark lending interest rates unchanged for the fourth consecutive month on Tuesday, matching the forecasts of most market watchers who nevertheless expect further monetary easing to prop up a slowing economy.

The Bank of Japan held its benchmark rate at record lows on Tuesday, but widened the range for yield fluctuations in the benchmark government bonds as the country grapples with surging inflation. 

British factories' output and export orders slid this month, according to a survey on Monday that underlined the troubles faced by the manufacturing sector, including high inflation and a weak global economy.

Oil rose on Monday as the prospect of demand recovery, led by China's loosening of COVID-19 curbs and the United States' decision to buy back oil for its state reserves, gained the upper hand over global recession fears.

Most Asian currencies moved little on Monday as fears of a potential recession and rising COVID-19 cases in China weighed on sentiment, while the Japanese yen gained on bets that the Bank of Japan (BoJ) could eventually tighten policy amid rising inflationary pressures.