Japan’s newly appointed prime minister held an introductory call with the U.S. president, underscoring the alliance as the government’s top security and economic priority. The conversation comes ahead of in-person meetings during regional summits, with agenda items spanning supply-chain resiliency, regional deterrence, and cooperation on advanced technologies. Markets will parse whether any joint statements hint at policy alignment on semiconductors, outbound-investment screening, or energy coordination, all of which could influence sector leadership and cross-border capital flows in Asia-focused portfolios.