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Japan is estimated to have spent ¥6–7 trillion on currency intervention to support the yen amid sharp depreciation. The move is seen as one of the largest of its kind, though the finance ministry has yet to confirm official figures. Analysts warn further action may be needed if the yen continues to weaken.
Canada's annual inflation rate hit 3.2% in May, a 29-month high, fueled by a 33.2% surge in gasoline prices. The rate breached the Bank of Canada's 1-3% target range for the first time in nearly two and a half years. Economists expect May to be a peak as a U.S.-Iran peace deal is set to lower oil prices in June.
Japan posted a trade deficit of 378.6 billion yen in May, the third straight month in the red. Exports rose modestly, but a weak yen and surging energy import costs drove the shortfall.
On June 8, 2026, Japan's Nikkei index surged over 4% to set a new intraday record high. Positive macroeconomic data spurred investor optimism, with technology, manufacturing, and financial stocks leading the rally. The milestone reflects strong recovery momentum in Japan's financial markets.
Japan posted a trade surplus of ¥301.9 billion (about $1.9 billion) in April, government data showed Thursday. The surplus signals improving international trade activity, though no specific drivers were detailed.
Prime Minister Sanae Takaichi pledged on May 14 to limit bond issuance as the Japanese government drafts a supplementary budget to support households affected by the Middle East crisis. She emphasized fiscal discipline and protecting future generations from higher debt burdens.
