RCEP Expansion: Sri Lanka is moving toward joining the Regional Comprehensive Economic Partnership, aiming to diversify exports and tap logistics potential—though officials warn the shift will require major changes to trade rules and systems. China Trade Momentum: Guangdong reported double-digit trade growth for five straight months, with May exports up 10.8% and imports up 32.4%, and trade with Japan and South Korea surging more than 30%—a sign Asia supply chains are still re-accelerating. Japan-US Aviation Push: Japan is again leaning on Boeing cooperation to revive domestic jet ambitions as China advances localization, with earlier tariff talks helping cement plans to expand Boeing parts production in Japan. Semiconductor Supply Risk: Tungsten export curbs and price spikes are threatening Japan’s AI chip supply chain, with reports that key specialty-gas makers may pause production next month as inventories tighten. Cybersecurity: Tokyo Metropolitan University researchers unveiled PhishLumos, designed to spot and disrupt phishing campaigns at the campaign level, not just single malicious links. Tourism Pressure & Policy: Matsumoto is considering a visitor fee for Kamikochi as crowds rise and conservation and safety costs mount. Crypto & Finance: Metaplanet bought Siiibo Securities to build a bitcoin-focused financial ecosystem, while Japan’s crypto tax and ETF plans continue to move through the political pipeline. Markets & Rates: Tokyo stocks climbed on hopes for US-Iran de-escalation, while the ECB raised rates for the first time in three years, keeping global rate expectations in focus. Energy Security Diplomacy: Japan is urging US-led multilateral nuclear stability talks involving China and Russia to reduce arms-race risks, as it prepares for G7 discussions on energy and critical minerals.