*DJ FED OFFICIALS SEE 2026 CORE PCE INFLATION OF 2.7%, UP FROM 2.5%

Japan’s gasoline prices jumped 18% last week to a record ¥190.8 per liter, driven by the US-Israeli conflict with Iran and Strait of Hormuz disruptions. The surge pressures households after four years of inflation above the Bank of Japan’s 2% target. Prime Minister Sanae Takaichi’s government announced subsidies to reduce prices to around ¥170. The spike coincides with Takaichi’s upcoming Washington meeting with Donald Trump amid strained Middle East diplomacy.

據華盛頓檢查者報：特朗普將於下週會見農業機械公司約翰迪爾的首席執行官。