Japan’s core inflation hits two-year high in May
Japan’s core inflation rose to a more than two-year high in May, exceeding the central bank’s 2% target for over three years and increasing pressure on the Bank of Japan (BOJ) to resume rate hikes.
According to government sources cited by Tokyo-based Kyodo News, Japan is exploring the acquisition of US military transport aircraft—believed to be C-17s—for its Self Defense Forces.
The proposal was mentioned by Prime Minister Shigeru Ishiba during a meeting with US President Donald Trump in Washington, D.C., on February 7, signaling a potential shift in Japan’s defense procurement strategy.
The initiative comes amid growing pressure from Washington for Japan to boost its defense spending, with Trump repeatedly urging NATO allies to allocate 5% of their gross domestic product for defense. Historically, Japan has maintained a defense budget of about 1% of GDP—approximately 5 trillion yen ($33.5 billion)—but recent security challenges from China and North Korea have spurred plans to increase spending toward a target of 2% of GDP by 2027.
Ishiba, a former defense minister and proponent of the C-17 aircraft due to its superior transport capacity compared to Japan’s domestically produced C-2 planes, indicated that purchasing these aircraft could help alleviate the pressure to raise defense spending. The proposed acquisition would involve secondhand C-17s, as Boeing ceased production of the aircraft in 2015.
The US welcomed the idea during the meeting, marking the first summit between President Trump and the Japanese leader since Trump’s inauguration on January 20. Observers suggest that such a procurement move could provide Japan with enhanced logistical capabilities while also addressing diplomatic concerns regarding increased defense expenditures.
As Japan navigates its evolving defense posture in response to regional security dynamics and external pressures, the potential purchase of US military transport aircraft represents a strategic measure to balance domestic spending with growing international expectations. Further details on the proposal and its implications for Japan’s Self Defense Forces are awaited.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
The 2025 G7 Leaders’ Summit was held June 15–17 in Kananaskis, Alberta, under Canada’s presidency. Prime Minister Mark Carney framed the meeting around priorities of protecting communities, energy and climate security, the digital transition, and future partnerships.
The USS Nimitz is heading to the Middle East amid tensions between Israel and Iran. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
China has condemned the U.S. strike on Iran’s nuclear sites, warning it has undermined Washington’s credibility and risks triggering a broader regional crisis.
Some Democratic and Republican lawmakers are urging Congress to limit President Donald Trump’s military actions in Iran, warning against deeper U.S. involvement in the escalating Middle East conflict.
The International Atomic Energy Agency (IAEA) confirmed that U.S. strikes hit entrances to tunnels storing part of Iran’s enriched uranium at the Isfahan nuclear site.
Global oil prices surged on Sunday as the Israel-Iran conflict continued to rattle markets, with Brent crude rising 3.9% to $80 per barrel and U.S. crude climbing 4.3% to $77 per barrel.
Tesla has begun a small-scale robotaxi trial in Austin, Texas, deploying about 10 self-driving cars to pick up paying passengers in a limited area, as the state enacts new regulations for autonomous vehicles.
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