Daily brief
Japan extended its reduction of mandatory crude oil stockpiles until June 15, while wholesale prices posted their biggest jump in nearly three years, rising 4.9% in April. The Bank of Japan is expected to raise rates to 1.0% in June and hike again in October-December, as wholesale inflation spikes on energy shock bolster the case for a rate increase.
Alphabet sold the biggest yen-denominated bond on record by a foreign issuer.
Toyota plans to build a $2 billion assembly plant in Texas.
Kioxia is preparing for a US listing after riding the AI boom to a big profit.
Anthropic is considering joining a Japanese cyber defense alliance, and an executive pledged full cooperation with the Japanese government.
by WorldBrief & Maksim Micheliov | AI-generated summary