US-Japan trade tensions continued with confirmation that no specific yen targets are being demanded by the US, a key development after days of currency concerns. The Japanese government doubled down on stimulus measures to counter Trump's tariffs and is considering expanding soybean and corn imports as a concession.

The Constitutional Democratic Party announced a major economic proposal, pledging to temporarily eliminate consumption tax on food items for one year as part of their Upper House election platform - positioning themselves as defenders of consumers amid inflation concerns.

In corporate news, Toyota Industries is weighing going private with a massive $35-40 billion fund backed by the Toyota Group, a restructuring move that would represent one of Japan's largest-ever take-private deals. Meanwhile, environmental concerns emerged with reports of PFAS levels exceeding government caps in nearly half of Japan's prefectures.