The United States has announced plans to convert in phases U.S. Forces Japan into a joint force headquarters which will report to the commander of U.S. Indo-Pacific Command.
This was announced by the U.S. Secretary of Defense Lloyd Austin following the conclusion of a two-plus-two ministerial meeting in Tokyo.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.