Asian Shares Mixed Amid Fed Rate Cut Hopes, Japan-China Tensions

• Asian shares were mixed as investors awaited the Federal Reserve's interest rate decision this week.
• Japan-China tensions, including a radar lock incident, and Japan's revised economic contraction of 2.3% weighed on regional sentiment.
• US futures and oil prices rose; US stocks had modest gains Friday. The Fed is widely expected to cut interest rates on Wednesday.
• Inflation remains above the Fed's 2% target at 2.8%, but consumer expectations for future inflation have decreased to 4.1%.

Why It Matters: Fed rate decision and geopolitical events are creating market uncertainty for investors.