The Japan Times

Naegohyang Women’s FC won the AFC Women’s Champions League final 1-0 against Tokyo Verdy Beleza on Saturday in Suwon, South Korea. Captain Kim Kyong-yong scored the winning goal before halftime and was named tournament MVP. North Korean state media reported the victory but omitted the match location.

South Korean officials announced plans to develop and launch the country's first nuclear-powered submarine by the mid-2030s, using low-enriched uranium and drawing on domestic industries while maintaining a non-nuclear-weapons commitment. The program is framed as a response to North Korean submarine-launched threats and will involve close coordination with the United States and the IAEA. Stock prices for Hanwha Ocean and HD Hyundai Heavy rose sharply following the announcement.

Iran Football Federation president Mehdi Taj stated that the national team's training base for the 2026 World Cup has moved from Tucson, Arizona, to Tijuana, Mexico, after FIFA approved the change due to visa issues. The 2026 tournament is co-hosted by the United States, Canada, and Mexico and runs from June 11 to July 19. FIFA has not publicly confirmed the relocation or approval.

Egyptian pilgrim Inas Gamal and British visitor Imad Ahmed described personal adjustments to extreme heat during the Hajj, including use of air-conditioned rooms and increased hydration. More than one million devotees are participating in outdoor rites as Saudi forecasts predict daytime highs of 42–47°C. Sources are limited to two center-rated outlets.

A nine-story building under construction collapsed around 3 a.m. on May 24 along Teodoro Street in Barangay Balibago, Angeles City. Rescue operations remain ongoing after the city activated its Unified Command System, with the cause still undetermined. Reports differ on the number of people missing or rescued.

Taiwan's total stock market capitalization stood at $4.95 trillion as of Monday, exceeding India's $4.92 trillion according to Bloomberg data reported by The Japan Times. This places Taiwan fifth globally behind the United States, mainland China, Japan, and Hong Kong. TSMC accounts for more than 42 percent of Taiwan's benchmark index and has risen 49 percent year-to-date.

Longer-term Japanese government bond yields have risen to multidecade highs amid elevated energy prices linked to Middle East conflict and resulting inflation concerns. Regional banks holding ultralong-term bonds face mounting unrealized losses that constrain investment strategies and raise impairment risks. Analyses differ on whether the primary drivers are geopolitical energy shocks, prior Bank of Japan policy distortions, or market discipline on sovereign debt holdings.