Japan Market Daily | Kabutaro & Friends

On May 13, 2026, the global economy faced renewed inflation concerns as the U.S. April CPI rose 3.8% year-on-year, exceeding market expectations. This pushed U.S. Treasury yields higher and drove the yen down to the 159 range against the dollar. In the Middle East, the prolonged blockade of the Strait of Hormuz increasingly impacted manufacturers, with Isuzu Motors reporting an 11% drop in operating profit due to logistics disruptions. Meanwhile, the U.S., Japan, and the Philippines convened the Luzon Economic Corridor Steering Committee to strengthen global supply chains and energy security through trilateral cooperation.