Nippon Steel finalized its $14 billion acquisition of U.S. Steel, paying 2 trillion yen to complete the deal that had been negotiated for 18 months amid political complications. The transaction made U.S. Steel a wholly-owned subsidiary at $55 per share.
The Iran crisis that prompted Trump's early G7 departure continued escalating, with Iran's supreme leader rejecting Trump's surrender demands as thousands fled Tehran. Japan prepared to evacuate 90 nationals and family members by land, while media coverage emphasized uncertainty about Iran's actual nuclear development progress.
Japanese media portrayed the G7 as paralyzed by Trump's dominance, unable to influence Middle East or Ukraine ceasefires. Domestically, the Diet achieved a postwar first by dismissing a House committee chairman, with a Constitutional Democratic Party member named as replacement. Prime Minister Ishiba ruled out dissolving the lower house during the current session.