Bank of Japan & Markets: The BOJ lifted its policy rate to 1%—the highest in about 31 years—while warning inflation risks are still tied to energy costs, a move that also sent a jolt through yen and crypto markets. Trade & Energy: Japan posted a 378.6 billion yen trade deficit in May as crude oil imports plunged in volume but stayed costly, while exports rose 17% on semiconductor and electronics demand—yet volumes stayed weak. Law & Society: Japan passed a bill overhauling adult guardianship, including options to opt out of support and a new framework for digital wills. Public Safety: New drone rules expand no-fly zones and tighten penalties, reflecting rising security concerns. Competition Watch: Japan’s antitrust agency raided major ice cream makers over suspected price-fixing cartel behavior. Crime Crackdown: Police arrested a key Cambodia-based fraud suspect, accused of running an AI-enabled scam operation that targeted victims in Japan. Tech & Culture: Japan-UK research planning for Beyond 5G/6G kicked off, and the anime “Nippon Sangoku” hit No. 1 on Prime Video Japan. Sports & Diplomacy: At the G7, Japan pushed “POWERR Asia” to strengthen oil stockpiles and energy resilience amid West Asia tensions.