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Society

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Society

Why Japan Hasn't Restricted Foreign Property Buyers: Developer Debt, Donations and a 1995 WTO Promise

On July 24, 2026, Japan's chief cabinet secretary told ministers to speed up work on rules for foreign land purchases. Summer was already three-quarters gone. Meanwhile 20 to 40 percent of new apartments in three central Tokyo wards go to foreign buyers, the developers' association gave 40 million yen to the ruling party's funding body, and Japan holds no WTO reservation on land.

Society

Japan Crypto Law Enacted: Digital Assets Become Financial Products as US Bill Stalls

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.