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.
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.
One day after the Bank of Japan held rates on April 28, the yen hit a 21-month low of 160.67 and 10-year JGB yields reached 2.535 percent, the highest since 1999. A falling currency and rising yields are not supposed to move together. We unpack what that combination says about being behind the curve, the intervention question, the carry trade, and a hawkish Fed, then follow the story through the June hike to 1.0 percent and a yen that kept sliding anyway.
In March 2026 Sony signed binding agreements to move its TV business into BRAVIA Inc., a joint venture with China's TCL holding 51% and Sony 49%, starting operations in April 2027. Why Sony is letting go of its Trinitron-era icon, how Hawk-Eye and sports entertainment became the new home for its electronics ambitions, and what global investors should watch.
SoftBank Group plans to spin off and list 'Roze,' an AI and robotics company, on US markets at a target valuation of $100 billion. We unpack Masayoshi Son's strategy in the context of Stargate, his OpenAI commitments, how Japanese tech compares to US and Chinese giants, and the Middle East risk hanging over the timing.
Oriental Land Company, operator of Tokyo Disney Resort, posted record revenue of 704.5 billion yen ($4.4 billion) for fiscal 2026, yet operating profit fell, and the stock has been cut nearly in half since 2023, hitting a fresh year-low days before the earnings release. Here is what is making investors nervous about the 'house of mouse' in Japan, from shrinking margins and demographic headwinds to a 330 billion yen cruise gamble.
The Bank of Japan held its policy rate at 0.75% on April 28, 2026 by a 6-3 vote, with three dissenters proposing a hike to 1.0%, a first under Governor Ueda. We unpack Ueda's press conference, allegations of pressure from the Takaichi administration, the sharp upward revision in inflation forecasts, the immediate market reaction, and the divergence between domestic and international assessments.
Takemitsu Takizaki, the 80-year-old founder of Keyence, will retire from the board after the June 2026 AGM. Why is the founder of Japan's most profitable company stepping aside now? A look at Keyence's astonishing 52% operating margin, the contrast with Nidec's recent governance crisis, and the model of a quiet, successful succession at one of Japan's most enigmatic corporate giants.
On April 23, 2026, the Nikkei 225 crossed 60,000 intraday for the first time in history. We compare this milestone with the 1989 bubble peak at 38,915 yen, examining USD-based performance, the foreign ownership shift from 5% to 32.4%, the PER drop from 60x to 16x, and the heavy concentration in just a handful of AI and semiconductor stocks like SoftBank Group, which surged 9.6%.
Japan's government blocked Korean PE firm MBK Partners' $1.7 billion takeover of Makino Milling Machine, the first-ever stop order under the revised FEFTA since 2017. Why did a non-classified machine tool maker trigger national security alarms? We break down both sides of the overreach-versus-reasonable debate.
Japanese retailer Nojima will acquire Hitachi's home appliance business for 110 billion yen (about $692 million). Here's why traditional Japanese electronics makers keep exiting consumer products, and how it echoes GE and Philips.
Nidec's third-party committee finalized its probe: accumulated net profit impact hit 161 billion yen (about $1 billion). Founder Shigenobu Nagamori's excessive pressure was identified as the root cause, marking a turning point for Japan's charismatic founder model. Compared with Toshiba and Olympus.
BlackRock, managing $14 trillion in assets, has taken a 5.28% stake in Komeda Holdings, the Nagoya-born coffee chain. Even in the AI era, people don't stop drinking coffee. We unpack why the world's largest asset manager is betting on Japan's food industry, looking at Komeda's unique franchise model and its global expansion story.
On April 16, 2026, the Nikkei 225 closed at an all-time high of 59,518, up 1,384 points. We break down the structural drivers: US-Iran peace hopes, S&P 500 crossing 7,000, BOJ April rate-hike odds collapsing from 55% to 30% after Finance Minister Katayama's rebuke, USD/JPY at 158, and a 16.5% surge from end-March. Plus the simultaneous rally in tech and regional bank stocks, DAX comparison, and the April foreign-flow anomaly.
Alpaca, founded by two Japanese entrepreneurs in Silicon Valley, hit a $1.15 billion valuation in its Series D round, becoming the first Japanese-founded US unicorn. Serving SBI Securities, Kraken, and 300+ institutions across 40 countries, it aims to be the 'AWS of finance', alongside Plaid and Stripe. Why did they build this in America, not Japan?
Elliott Investment Management has poured over $1 billion into Daikin Industries, the world's largest HVAC maker, demanding margin improvements, ¥150 billion in annual buybacks, and a portfolio overhaul. Unlike Elliott's usual Japan targets rich in real estate and cross-shareholdings, Daikin marks a strategic pivot toward operational activism, fueled by HVAC sector expertise gained from Johnson Controls.
Japan's FSA plans to let ordinary companies set up simplified insurance subsidiaries that co-insure with major carriers. Born from post-scandal industry reform, the move could reshape a market long dominated by three mega-insurers, and open the door to embedded insurance and fintech innovation.
EssilorLuxottica has raised its Nikon stake to 19.61%, nearing the 20% regulatory cap. We analyze the strategic implications for smart glasses technology, Japan's national security screening process, and why foreign investors—from Buffett to European giants—are pouring money into Japan Inc.
On April 13, 2026, Japan's 10-year government bond yield surged to 2.490%, surpassing the 1998 'Trust Fund Bureau Shock' level for a 27-year high. BOJ Governor Ueda warned of Middle East geopolitical risks at the Trust Convention. All eyes are on the April 27-28 policy meeting.
Honda faces its first-ever annual loss since going public in 1957, with up to $15.7 billion in EV-related write-downs. Three flagship EVs cancelled, Sony-Honda AFEELA scrapped, and China sales declining for 25 straight months. We break down the crisis, analyze Honda's hybrid pivot and May 2026 strategy reveal, and share Japanese and global reactions.
