Politics and Economy

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Society

Japan Passes Crypto Tax Reform Into Law: From 55% to 20%, But Not for All Transactions

On March 31, 2026, Japan officially enacted a tax reform law introducing a flat 20% separate taxation on crypto assets — down from the previous maximum of 55%. However, the new rate only applies to 'specified crypto assets' traded through domestic exchanges, excluding overseas platforms and DEXs. Implementation is expected from January 2028. We compare Japan's new approach with crypto tax policies worldwide.

Society

BOJ Governor Ueda's 3-Year Report Card: From Negative Rates to 0.75%, Long-Term Yields Hit 27-Year High of 2.43%

Three years into Governor Ueda's tenure, the BOJ has raised rates four times from negative territory to 0.75%, while long-term yields hit a 27-year high of 2.43%. We examine the IMF's call for continued hikes, April rate hike expectations, impacts on mortgages and corporate investment, and Japan's unique position as the only G7 nation still tightening.