Topic · 02 of 08

Society

366 Articles in this topic
Society

Yen Credibility Crisis: Why Japan's Currency Lost Its Safe-Haven Status While the Swiss Franc Thrived

Once considered twin safe-haven currencies, the yen and Swiss franc have diverged dramatically. Explore the structural factors behind the yen's historic weakness: Japan's government debt, its expanding digital deficit and a shifting current account. Plus why the franc keeps rising even though Japan's policy rate is now 1.0% and Switzerland's is zero.

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Society

BOJ Board Appointments: Two Reflationists Named, Rate Hike Bets Fade as Nikkei Hits Record ¥58,583

Japan's government nominated two pro-easing "reflationist" academics to the BOJ policy board, reflecting PM Takaichi's dovish stance. The move sent rate hike expectations tumbling and the Nikkei to an all-time high of ¥58,583 (+2.20%). We analyze the yen impact, bond market reaction, and how this compares to the Fed and ECB's approach to central bank independence.

Life & Lifestyle

Kyoto Bus Dual Pricing: Residents Pay $1.30, Tourists Up to $2.60 in Japan's First Two-Tier Fare System

Kyoto announces Japan's first dual pricing system for city buses: residents will pay ¥200 ($1.30) while tourists face fares up to ¥400 ($2.60). With 56 million annual visitors overwhelming a city of 1.43 million, this bold overtourism measure follows global models from Venice to Bali. How do locals and the world react?

Society

China's Dual-Use Export Ban: 40 Japanese Defense Firms Including Mitsubishi and JAXA Now Targeted

China's Commerce Ministry banned dual-use exports to 20 Japanese defense entities including Mitsubishi Shipbuilding, Kawasaki Heavy's aerospace arm, IHI Aerospace and JAXA, while adding 20 more firms such as Subaru and TDK to a watch list. Seen as a response to PM Takaichi's Taiwan remarks, the move puts rare earth and semiconductor material supply chains at risk. The list was expanded again in June 2026.

Society

Japan PM Takaichi Resists BOJ Rate Hikes: Central Bank Independence Under Political Pressure

Japanese PM Sanae Takaichi reportedly pushed back against BOJ Governor Ueda's rate hike plans, sending the yen to 156 per dollar. The clash between political power and central bank independence echoes Trump versus the Fed and Erdogan versus Turkey's central bank. The BOJ went on to raise its policy rate to 1.0% in June 2026 and held there in July. Inside the US-Japan rate gap, carry trades, and how the story resolved.

Society

Japan's Growth Switch: PM Takaichi Bets on 17 Strategic Fields, From AI Chips to Fusion Energy

A field-by-field breakdown of the 17 strategic sectors PM Takaichi named in her February 20, 2026 policy speech: AI and semiconductors, fusion, content, defense and the rest, with current standing, plans and key players, plus the public-private investment roadmap released in June 2026 that runs to over 370 trillion yen through fiscal 2040.

Society

Japan's Shipbuilding Revival: Doubling Capacity by 2035, With Ammonia Engines and Marine Electronics as the Edge

Japan, where 99.6% of trade moves by sea, is trying to rebuild its shipbuilding industry. The Takaichi government is putting $6.5 billion of public and private money into doubling capacity by 2035. From Mitsui E&S's world-first ammonia-fueled engine to Furuno Electric's 43% global share in marine radar, and the frigate export to Australia that was formally contracted in April 2026, here is where Japanese shipbuilding stands against China and South Korea.

Life & Lifestyle

Muslim Burial Crisis in Japan: Why Cemetery Plans Keep Failing in the World's Top Cremation Nation

Around 420,000 Muslims in Japan face a growing burial crisis. Islamic faith requires burial rather than cremation, but in a country where 99.97% of the deceased are cremated, only about 10 burial-capable cemeteries exist. Plans to build new Muslim cemeteries in Oita and Miyagi prefectures have been blocked by resident opposition, exposing the gap between Japan's push for foreign workers and its readiness for multicultural coexistence.