Energy Security at G7: Japan’s PM Sanae Takaichi is set to propose a three-point global energy security framework at the G7 in France, focusing on free energy trade, strategic oil reserves, and tighter cooperation between producers and consumers as Middle East tensions keep supply risks elevated. Central Bank Watch: Markets are bracing for a Bank of Japan rate decision, with officials increasingly linking higher oil prices to broader price pressures and underlying inflation. LNG Labor Dispute: Australia’s tribunal rejected Inpex’s bid to stop a strike at the Ichthys LNG project, keeping a loading ban in place until June 23 while bargaining continues. Rare Earth Push: Japan plans a delegation to Greenland to assess rare-earth mining potential and costs, aiming to reduce reliance on China. Tech & Research Integrity: Osaka startup Valar Intelligence’s “Puddin AI” is being tested at Kyushu University to flag whether academic writing is human or AI-generated, using writing-process signals. Tourism Finance: Japan’s local governments are expanding accommodation taxes, with more municipalities expected to adopt the levy to fund tourism demand and visitor management. Inflation Shock for Builders: A naphtha shortage tied to Middle East disruption is starting to hit air-conditioner installation work in Japan, raising costs and threatening contractor capacity. Crypto Policy: Japan’s crypto tax bill has cleared the Lower House, moving to the Upper House with a flat 20% rate. Business Deals UK-Japan: The UK and Japan are set to finalize a major £18bn+ investment and technology package spanning AI, semiconductors, quantum, and life sciences ahead of the G7.