Agricultural Minister Koizumi's rice price reduction strategy dominated coverage, with government rice reserves being released at a 47% discount to bring retail prices down to 2,000 yen per 5kg by early June. This direct market intervention follows the rice price scandal that led to the previous minister's dismissal. Rakuten announced a partnership with Japan Post to sell discounted government rice through its marketplace, while major retailers like AEON negotiate contracts to participate in the program.
Trump's position on the Nippon Steel-US Steel deal clarified, with assurances the company would remain under "American control" despite the acquisition, marking a significant development in Japan-US economic relations. Meanwhile, regulatory reforms surfaced with proposals to eliminate goodwill amortization requirements for M&A transactions to promote corporate restructuring. In international news, ASEAN plans to create a permanent Myanmar envoy and reduce regional trade barriers through an October agreement.