Toyota’s global sales fell 7.2% year on year in May, extending declines to a fourth consecutive month, as demand in China stayed weak. The report says higher gasoline prices tied to the Middle East conflict have been a key drag on China’s auto market. Japan’s exports to the Middle East plunged 65.9% in the same month, while Toyota’s global output posted its first drop in three months. Overall, Japan’s eight major automakers recorded year-on-year declines in both global sales and production.

A sustained rise in global coffee bean prices, driven by climate-related drought and heatwaves that are cutting output in major producing regions, is prompting more Japanese companies to try greenhouse coffee cultivation. Nichibei United has planted more than 1,100 Typica trees across eight greenhouses, while Ishizuka Glass is running a three-year trial growing about 10 varieties using waste heat from its plant. Yamako Farm says it sells 10,000 seedlings a year, but estimates it needs investment of over 100 million yen to make the business profitable.

Asian shares were mostly higher after the Bank of Japan raised its key interest rate 25 basis points to 1%, the highest level in three decades. Japan’s Nikkei 225 briefly crossed 70,000 for the first time before paring gains to end up 0.6%. Oil prices edged lower, with Brent down 0.3% to $82.93 a barrel and U.S. crude at $80.66, after the United States and Iran reached a tentative deal to restart global crude flows and expectations grew the Strait of Hormuz would reopen. A day earlier, the Nasdaq and S&P 500 surged as AI-linked stocks led the rally.