Japan Market Daily | Kabutaro & Friends

On May 9, 2026, while major markets were closed for the weekend, China reported a higher-than-expected 14.1 percent jump in April exports, underscoring global economic resilience just days before a high-stakes summit between President Trump and President Xi in Beijing. In the Middle East, ongoing uncertainty regarding ceasefire talks between the U.S. and Iran, coupled with reports of sporadic clashes near the Strait of Hormuz, maintained a risk-averse sentiment following the previous day's retreat of U.S. stocks from record highs. In Japan, Toyota Motor became the first Japanese company to surpass 50 trillion yen in annual revenue for the fiscal year ending March 2026; however, it forecasted a third consecutive year of profit decline due to U.S. tariffs and rising logistics costs from Middle East tensions. Additionally, the 2026 Global Progress Action Summit commenced in Canada, where world leaders and officials are discussing economic growth through international cooperation and modern governance.