Economic Policy

80 Articles in this topic
News, Society & Economy

Beyond CBDCs and Stablecoins: BOJ Deputy Governor Maps Out Japan's 'Third Way' for Digital Money

On May 16, 2026, BOJ Deputy Governor Ryozo Himino delivered a keynote on the 'singleness of money' at the Japan Society of Monetary Economics. Beyond the binary of US-style stablecoin policy and a digital euro, the BOJ is quietly exploring a third path built on tokenized deposits and tokenized central bank reserves on blockchain.

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News, Society & Economy

Who Decides Japan's Rate Hikes? Reading the BOJ March Minutes—and the 9-Member Policy Board Behind Them

The BOJ released its March 18-19 meeting minutes on May 7. The deliberation sections are anonymous, but votes and dissenting opinions are published with names attached. The 8-1 split? Hajime Takata alone dissented. We trace the 9 members behind the March meeting, the shift to a 6-3 split in April, and the rebalancing coming when Nakagawa's term ends in late June.

News, Society & Economy

'Yen Has Gone Too Far, 130 Would Be Better': Former BOJ Chief Kuroda Sparks Backlash from the Public Who Blame Him

Haruhiko Kuroda, the former BOJ governor who launched Japan's massive monetary easing in 2013, says the current weak yen has 'gone too far' and 130 per dollar would be appropriate. The Japanese public's reaction: 'Look who's talking.' We unpack the irony, the rate-gap mechanics, and the global market implications.

News, Society & Economy

From 'Final Evacuation Warning' to Trigger: Japan Buys Yen After 21 Months, Drives Dollar from 160 to 155

On April 30, Japan launched its first yen-buying intervention in 21 months — pulling the dollar from 160-plus to 155 within hours. Finance Minister Katayama's 'decisive action' line and Vice Minister Mimura's 'final evacuation warning' preceded the trigger. The dollar saw its largest one-day drop since December 2022. Two days after the BOJ held rates, the Finance Ministry decided to act.

News, Society & Economy

PM Takaichi Meets 5 FoodTech Firms: How Japan's Tech Tackles the World's 4 Food Crises

On April 23, PM Sanae Takaichi met five foodtech CEOs at the PM's Office: Oishii Farm, PlantX, FRD Japan, Regional Fish, and Toko Tekko. Why these five? This article decodes how each company's technology answers one of the world's four shared food crises—climate-driven farmland collapse, ocean depletion, population growth, and shrinking farmer populations—and the strategic logic behind Japan choosing to win in specific categories rather than competing across the board.

Tech & Science

Japan's Hydrogen Arterial Plan: METI's $95B Bet on a Hydrogen Society by 2040, Backed by Toyota's 2029 Mass Production

An in-depth look at Japan's Hydrogen Arterial Plan (Suiso Daidomyaku Koso), unveiled by METI in April 2026. Six priority regions connected by arterial highways will receive concentrated investment of 15 trillion yen by 2040, with Toyota and Chiyoda starting mass production of electrolyzers in 2029. How Japan's strategy compares with the US IRA and the EU Hydrogen Bank.

Life & Lifestyle

Japan's FSA Officially Recognizes JPYC as Funds Transfer Business: Yen Stablecoin Now Embedded in National Payment Architecture

Japan's Financial Services Agency has, for the first time, formally identified JPYC as a registered Funds Transfer Business in an official document. We unpack the architecture of Japan's stablecoin regulation, contrast it with the US GENIUS Act and EU MiCA, clarify the legal distinction from PayPay-style e-money, and examine what it means for global payment infrastructure.

News, Society & Economy

BOJ Holds Rates But 3 Dissenters Send Hawkish Signal: Ueda's Press Conference, Political Pressure Allegations, and Market Reaction

The Bank of Japan held its policy rate at 0.75% on April 28, 2026 by a 6-3 vote, with three dissenters proposing a hike to 1.0% — a first under Governor Ueda. We unpack Ueda's press conference, allegations of pressure from the Takaichi administration, the sharp upward revision in inflation forecasts, the immediate market reaction, and the divergence between domestic and international assessments.