Live news: Ford to slow electric vehicle production as buyers hesitate over high prices

Pacific tours: French president Emmanuel Macron visits Papua New Guinea, following US defence secretary Lloyd Austin, who was there on Thursday. Austin and US secretary of state Antony Blinken will meet their Australian counterparts in Brisbane on the last leg of their Pacific tour aimed at boosting Washington’s Indo-Pacific strategy.

Japan monetary policy: Investors are widely expecting the Bank of Japan to opt for no change to its policy, but heavy-hitting investment banks are warning them to brace for a shock.

Super Typhoon Doksuri: The storm is expected to make landfall this morning in south-east China.

Hong Kong: A court will decide whether to hand down an injunction to ban “Glory to Hong Kong”, a song associated with the city’s 2019 protests. A wide-ranging ban would prevent publishing, selling, distributing or reproducing the song, which has been incorrectly played at international sporting events this year as Hong Kong’s “national anthem”, provoking the ire of the government.

Taiwan: The country releases gross domestic product figures.