Chinese Foreign Minister Wang Yi urged Japan's new administration to take a constructive "first step" in engaging with Beijing and to properly address sensitive issues such as Taiwan and wartime history.

Beijing has yet to congratulate Takaichi, who holds controversial positions on Taiwan and Japanese wartime history.

Chinese Foreign Minister Wang Yi on Tuesday called on China and Japan to jointly advance the strategic relationship of mutual benefit and build constructive and stable bilateral ties fit for the new era.

China and Japan agreed on Tuesday to advance constructive and stable bilateral relations as Foreign Minister Wang Yi held a telephone conversation with his Japanese counterpart, Toshimitsu Motegi, a week after the inauguration of Japan's new cabinet.

The Australian dollar strengthened due to optimism about China's resilient economy and potential stability in U.S.-China trade relations. Meanwhile, Japan's political scene shifted as the ruling Liberal Democratic Party allied with the Japan Innovation Party,

China has noted some positive signals released by Japan's new cabinet, and high-level exchange is of great significance to the development of China-Japan relations, Chinese Foreign Minister Wang Yi told Japanese foreign minister Toshimitsu Motegi during a phone call on Tuesday.

President Lee Jae Myung said Monday that South Korea, China and Japan should step up cooperation with the Association of Southeast Asia Nations (ASEAN) to better respond to emerging risks, including trade protectionism and shifting global supply chains.