The BOJ released its March 18-19 meeting minutes on May 7. The deliberation sections are anonymous, but votes and dissenting opinions are published with names attached. The 8-1 split? Hajime Takata alone dissented. We trace the 9 members behind the March meeting, the shift to a 6-3 split in April, and the rebalancing coming when Nakagawa's term ends in late June.
Saab Technologies Japan has named Akira Ukaji as its first Japanese country manager and representative director. The Swedish defense giant is positioning its GlobalEye AEW&C aircraft as the successor to Japan's aging E-767 fleet, with industry sources targeting a 2035 replacement. After Japan's April 21 abolition of the 'Five Categories' export rule, can a non-US contender finally crack Japan's airborne early warning market?
On May 5, 2026, Defense Ministers Koizumi and Teodoro met in Manila to launch a working group for transferring used Abukuma-class destroyer escorts to the Philippines: the first concrete test of Japan's new lethal weapons export rules.
On May 4 in Canberra, PM Takaichi and PM Albanese signed five joint documents including the Economic Security Joint Declaration. Six critical mineral projects backed by $1.2B. How Japan's approach differs from the US IRA and EU CRMA, and what it means for global supply chains.
Tourist numbers up from 5,000 to 120,000 a year, sea ice at record lows, emperor penguins now Endangered. What ATCM48 in Hiroshima settled, and what it left unresolved.
On May 1, Japan's METI met infrastructure operators from the power and gas sectors, and Economy Minister Akazawa asked electricity companies to run emergency system inspections and report within a month. The order covers 24 critical-infrastructure operators in the power sector. The trigger was Anthropic's Claude Mythos Preview, announced April 7, which surfaced a 27-year-old bug chain in OpenBSD's TCP SACK code among others. The UK's AISI reached a more measured verdict. How Japan's penalty-free approach compares with CISA's OT principles and the EU's NIS2.
Gunma Prefecture's passport-style pamphlet, GUNMA PASSPORT, hit its full print run of 10,000 applications on its first day of issue, May 1, and the queue closed. Behind the rush sits a 15-year-old internet joke about "the unexplored land of Gunma" and the idea that Japan is really two countries, plus the self-deprecating humour of North Kanto's place near the bottom of the prefectural attractiveness ranking. The prefecture has since reprinted 30,000 more.
Private estimates put Japan's April 30 yen-buying intervention at 5 to 5.4 trillion yen, derived from the gap between the BOJ's current-account forecast and money brokers' projections. What that bazooka means in practice: a 190bp US-Japan rate gap, a yen carry trade starting to unwind into emerging markets, and the political constraint of the US Treasury's monitoring list.
Two months into the de facto closure of the Strait of Hormuz, Japan took its first Russian crude cargo since the blockade began. Taiyo Oil bought Sakhalin-2 barrels on a spot contract at the request of Japan's energy agency, and the tanker reached Imabari on May 4. How the "Sakhalin exception" to the G7 and EU price cap works, how Germany, South Korea and India have played the same shock differently, and what it all reveals about Japan's structural exposure.
On May 2, Japanese PM Sanae Takaichi met Vietnam's new PM Le Minh Hung in Hanoi. Amid Middle East instability, Japan agreed to underwrite crude purchases for the Nghi Son refinery through NEXI, the first project under the Power Asia framework, and to work with Hanoi on rare earths and other critical minerals. In a speech at Vietnam National University, Takaichi set out three pillars for an evolved Free and Open Indo-Pacific: supply chains, shared rules, and security. How it differs from US friendshoring and the EU's Global Gateway.
Emergency transports for teen overdose in Tokyo have roughly tripled in five years, driven by over-the-counter medicines rather than illegal drugs. Japan's revised pharmaceutical law took effect on May 1, 2026, turning sales rules into binding obligations, but the isolation underneath remains unaddressed. Compared with the US fentanyl crisis and UK harm reduction.
