Japan's Diet passed the FIEA amendment on July 15, making crypto a financial product under the same law that governs stocks and bonds. Insider trading rules, tougher penalties, and disclosure duties arrive with it, and the preconditions for a 20% flat tax and domestic crypto ETFs are now cleared. Enforcement is expected in fiscal 2027, with the tax change from January 2028. Meanwhile, the US CLARITY Act remains stuck in the Senate.
Japan's finance minister has again signaled support for domestic crypto ETFs. But under current law crypto is not an eligible asset for a Japanese fund, so no spot ETF can be built. The bill that fixes that is still in the upper house. Here is the honest answer to the three questions global investors ask: when, which tokens, and at what tax rate.
Japan's government just promised over 370 trillion yen ($2.3 trillion) across 17 strategic sectors by 2040. We unpack the suspicious arithmetic: a 6.5x return promised on chips, an undisclosed public-private split, and a deadline conveniently 14 years away.
On June 16 the Bank of Japan raised its policy rate to 1.0%, the highest in 31 years, with Governor Ueda hospitalized and absent. We unpack the 7-1 vote, the lone hiker among major central banks, the still-weak yen, and Japan's swelling debt-service bill.
The Bank of Japan began selling its ETFs, yet its holdings ballooned past 110 trillion yen, over 8% of the Tokyo market. Why the Fed and ECB never bought stocks, how Switzerland differs, and whether central banks should own equities at all.
Japan discards 650,000 tons of small electronics a year, yet recovers only about 15%. The rest mostly leaks abroad through an untracked invisible flow. On June 5, 2026, the Environment Ministry picked six pilots enlisting movers and couriers to keep the metals home.
A fresh 150-billion-yen government injection pushes the state's share of Rapidus's capital to roughly 60%. Yet Tokyo capped its voting rights at 11.5%, keeping the firm out of state-enterprise territory by design. We unpack subsidies versus equity, the fate of the 2nm skeptics, and the question of who will actually buy the chips.
METI has unveiled Japan's first post-Fukushima numeric target for replacing nuclear reactors: up to 5 by the 2040s, 14 by the 2050s. Behind the decarbonization, energy-security and AI-demand drivers lies a harder question — regulatory capture, the Nuclear Village, and whether the regulator can be trusted.
Japan's Business-Value-Based Financing Promotion Act took effect on May 25, 2026, creating an enterprise value charge that lets companies pledge their whole business, including intangibles and future cash flow. We compare it with US venture debt and Korean and Singaporean IP finance, and ask whether banks have the skills to use it.
PM Takaichi met BOJ Governor Ueda on May 22 and asked the central bank to carry out 'appropriate policy.' We explain Japan's central bank independence next to the US Fed and the ECB, and how a weak yen near 159 and the carry trade tie this to global markets.
On May 19, Japan's ruling LDP unveiled a policy proposal calling for stablecoins and tokenized deposits to be treated as national financial infrastructure — and added to PM Takaichi's Big-Boned Policy in June. We compare Japan's approach with the Web3 hubs of Singapore, Hong Kong and the UAE.
