Consumer prices in Japan jumped in January by the most in more than 41 years, the government reported Friday, adding to pressure on the central bank to adjust its longstanding ultra-lax monetary policy.

The key price indicator, which excludes volatile fresh foods, rose 4.2% last month, though some analysts expected it to be slightly higher. Excluding energy prices, inflation rose at a 3.2% annual rate.

Japanese Prime Minister Fumio Kishida said Friday he plans to present to other Group of Seven countries a set of "new ideas" for sanctions against Russia over its war on Ukraine when he hosts an online G-7 summit later in the day to mark the one-year anniversary of the start of the invasion.

Kishida, as this year's G-7 president, told a news conference he also planned to call on other countries to stop providing military support to Russia.

The Association of Banks in Lebanon on Friday announced the temporary suspension of the banking sector strike for a period of one week.

An Israeli parliamentary committee has approved new funding for Benjamin Netanyahu and his family, giving the prime minister a boost in personal spending at a time when he is facing mass protests over his policies and as the economy is on shaky ground.

The committee voted to approve public funds to cover expenses incurred by the Netanyahus at their private homes in Jerusalem and the exclusive seaside town of Caesarea, as well as an increase of thousands of dollars a year in clothing expenses for both Netanyahu and his wife, Sara.

Turkey's central bank on Thursday resumed its policy of lowering a key interest rate even as the country grapples with high inflation and the aftermath of a devastating earthquake.

The bank's Monetary Policy Committee said it cut the benchmark policy rate by 0.5 of a percentage point, down to 8.5%. The Central Bank of the Republic of Turkey, slashed the benchmark rate by 5 percentage points - down to 9% - between August and November but had left rates unchanged since then.

Beirut Attorney General Judge Raja Hamoush on Thursday charged Central Bank Governor Riad Salameh, his brother Raja and his assistant Marianne Hoayek with money laundering, public funds embezzlement, tax evasion, forgery and illicit enrichment, the state-run National News Agency said.

Wall Street pointed toward gains early Wednesday as markets await the release of minutes from the Federal Reserve's last meeting, a day after the worst selloff of 2023.

Futures for the Dow Jones industrials rose 0.2% and the S&P 500 gained 0.3% before the opening bell.

One month into the invasion of Ukraine, President Joe Biden stood in the courtyard of a grand Polish castle and laid out the punishing economic costs that the U.S. and its allies were inflicting on Vladimir Putin's Russia, declaring that the ruble is almost immediately "reduced to rubble."

Russia is now the world's most heavily sanctioned country, according to U.S. officials. The ruble did in fact take a temporary dive and has been slipping again in recent months. But as the war nears its one-year mark, it's clear the sanctions didn't pack the instantaneous punch that many had hoped.

Top financial leaders from the Group of 20 leading economies are gathering in the south Indian technology hub of Bengaluru this week to tackle myriad challenges to global growth and stability, including stubbornly high inflation and surging debt.

India is hosting the G-20 financial conclave for the first time in 20 years. Later in the year it will convene its first summit of G-20 economies. The meetings offer the world's second most populous country a chance to showcase its ascent as an economic power and its status as a champion of developing nations.

Wall Street stocks fell early Tuesday following mixed results from Walmart and Home Depot as concerns about higher interest rates continued to weigh on markets.