UEDA said the Bank of Japan must consider these factors when deciding policy.

A recording from the public radio channel of a commercial vessel trapped near the Strait of Hormuz, provided by its crew, indicates US warplanes struck an Iran-affiliated tanker on the night of the 2nd; the tanker's crew subsequently abandoned ship.

CPCA data: In May 2026 estimated wholesale and retail volumes of domestic new-energy passenger vehicles reached 1.36 million units, up more than 11% YoY and MoM, marking double‑digit growth and initial signs of sector recovery. Shipping disruptions in the Strait of Hormuz prompted two domestic retail price hikes for refined fuels, lifting pump prices by about 400 yuan/ton cumulatively; higher operating costs for gasoline vehicles are weighing on ICE demand and keeping the overall auto market under pressure while making new-energy vehicles the primary growth driver.