Politics and Economy

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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.

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Society

Hamaoka Nuclear Data Fraud: Chubu Electric Faked Quake Figures, Even During the Probe

Hamaoka nuclear plant sits right atop the Nankai Trough megaquake zone. Its operator, Chubu Electric, shrank the key seismic-safety figure the plant is built against, and kept altering data even after regulators opened a probe, rewriting 69 of 225 datasets. On July 1 the NRA called it fabrication and a cover-up. The real test isn't the reactor's engineering; it's whether Japan's post-Fukushima watchdog has teeth.

Society

GCAP Fighter Secured: UK Budget Deal Extends Japan-UK-Italy Jet Contract to 2027

After a year of budget drama, Britain published its delayed Defence Investment Plan on June 30, committing about 8.6 billion pounds to the GCAP sixth-generation fighter and extending the Japan-UK-Italy contract to end-2027. Why Japan was the anxious partner, why an outgoing prime minister signed it, and what the bet on building a fighter without America really means.