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#Economic Security

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Business & Economy

Bitcoin ETFs Are Coming to Japan: JPX CEO Points to 2027, and Tax Drops to a Flat 20%

JPX CEO Hiromi Yamaji says listing crypto ETFs on the Tokyo Stock Exchange is something the exchange can do anytime once the law and tax treatment are settled, with 2027 the earliest window. How Japan compares with the US, Hong Kong and the EU, the shift from a 55% top rate to a flat 20.315%, and the TOPIX rule that shows how cautiously Tokyo is still moving.

Society

Yen Intervention Is 'Just the Beginning': Why a Record 11.7 Trillion Yen Can't Beat Trade Deficits and Oil

The day after Japan's April 30 intervention, Vice Finance Minister Atsushi Mimura hinted at more with a single line: Golden Week is just getting started. The campaign eventually totalled a record 11.7 trillion yen. But against a fifth straight year of trade deficits, an oil bill inflated by the Iran conflict, yen weakness against every major currency, and a 40-trillion-yen carry trade, intervention only buys time. Even the June hike to 1.0 percent did not turn it.

Society

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

On April 30, Japan intervened to buy yen for the first time in 21 months. Hours after Finance Minister Satsuki Katayama warned of 'decisive action' and Vice Minister Atsushi Mimura issued a 'final evacuation warning,' the dollar fell about 5 yen from the high 160s to 155.50, its steepest one-day drop since December 2022. The campaign continued through Golden Week and totalled a record 11.73 trillion yen. The yen kept falling anyway.

Technology

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.

Business & Economy

Sovereign AI CPU Battle: Fujitsu's MONAKA + Rapidus + NVIDIA Strategy vs Europe's SiPearl and China's Loongson

Fujitsu is doubling down on its sovereign AI strategy with the FUJITSU-MONAKA CPU series, choosing Rapidus as a manufacturing partner and 'coexisting' with NVIDIA's GPUs rather than competing. We compare Japan's hybrid approach to China's fully autonomous Loongson (LoongArch) and Europe's Arm-based SiPearl, revealing how Japan's pragmatic balance defines a third path in global chip sovereignty.

Technology

Submarine Cable Power Play: NEC Goes After 35% of the Internet's Backbone as US, France, and Japan Lock Out China

Submarine cables carry 99% of international data traffic, and roughly 90% of new construction is controlled by just three companies: SubCom (US), Alcatel Submarine Networks (France), and NEC (Japan). Japan now wants 35% of that market by 2030, and NEC's CEO is targeting 40%. We unpack the AI-era infrastructure race, the Taiwan Strait cable cuts, the exclusion of China's HMN, and why undersea cables have become the new front line of geopolitics.