In the wake of a U.S. military plane crash off the coast of Japan's Yakushima Island Wednesday, the Japanese government has urged the Pentagon to ground the operations of its Osprey hybrid planes in te country.
Japan's Foreign Minister Yoko Kamikawa said Friday it has been informed by the U.S. Embassy in Tokyo that it received a formal request from its Asian ally to suspend flying Osprey transport aircraft until the aircraft can be confirmed as safe.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.