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July 01, 2026
 

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CURRENCIES

Finance Minister Satsuki Katayama (right) meets with ‌U.S. Treasury Secretary Scott Bessent on the sidelines of a multilateral meeting on critical mineral supply chains, in Washington on Monday.
BUSINESS / Economy
Jan 13, 2026
Bessent shares concerns about yen’s ‘one-sided depreciation,’ says Katayama
The yen crossed ¥158-to-the-dollar mark this week for ‍the first time in about a year following reports that Prime Minister Sanae Takaichi ‍may call a February snap election
Noritaka Okabe, CEO of JPYC, has said that stablecoin issuers can become major buyers of government bonds.
BUSINESS / Markets
Jan 5, 2026
Stablecoins likely to be a factor, not a game changer, in Japan’s bond market
Issuers might not buy up enough long-term debt to make a big difference.
The year-end balance of bank notes in circulation in Japan fell for a third consecutive year amid the rise of cashless payments, according to data released Tuesday by the Bank of Japan.
BUSINESS / Markets
Dec 31, 2025
Japan’s year-end balance of bank notes in circulation falls for 3rd straight year
The declining trend emerges as consumers embrace cashless payments.
The U.S. Treasury Department in Washington. While there is no immediate candidate to supplant the U.S. dollar, higher U.S. inflation remains a threat, and global trade with the U.S. is becoming increasingly fragmented.
COMMENTARY / World
Dec 30, 2025
Gambling with the dollar’s future
While there is no immediate candidate to supplant the U.S. dollar, higher U.S. inflation remains a threat, and global trade with the U.S. is becoming increasingly fragmented.
A cryptocurrency advertisement featuring an image of U.S. President Donald Trump in Hong Kong. The current U.S. administration’s endorsement of crypto is driven by a mix of personal financial interest, ideology, and the need to reinforce global demand for dollars to finance America’s trade deficit.
COMMENTARY / World
Dec 26, 2025
Is crypto an opportunity or a threat?
Crypto innovation has some valuable features but the proliferation of private digital assets has widened the gap between private and social interests.
U.S. Federal Reserve Chair Jerome Powell looks on as U.S. President Donald Trump holds a document during a tour of the Federal Reserve Board building in Washington in July.
COMMENTARY / World
Dec 23, 2025
Will the U.S. Fed be allowed to do its job?
Will the central bank maintain enough autonomy and credibility to promote financial stability and employment if politics, debt and market exuberance head the other way?
China is again restraining currency appreciation as market pressure builds, with the People’s Bank of China using reference rate settings and state bank actions to slow gains in order to protect exports and manage economic weakness.
COMMENTARY / World
Dec 18, 2025
Why the push for a stronger yuan won’t go away
China has been skirting deflation and a strong currency could exacerbate the difficulties.
SBI Holdings subsidiary Shinsei Trust and Banking is set to issue a yen-based stablecoin next year.
BUSINESS / Tech
Dec 16, 2025
Japan’s first bank-backed yen-based stablecoin could be available by June 2026
The hope is that it will be used for the settlement of payments locally and globally
The administration of Prime Minister Sanae Takaichi will intervene more actively in the foreign exchange market, according to Takuji Aida, chief economist at Credit Agricole and a member of a new government panel in charge of discussing Japan's growth strategy.
BUSINESS / Economy
Nov 23, 2025
Takaichi to be proactive with yen intervention, panelist says
The threshold of 160 to the dollar is seen as a line in the sand.
Finance Minister Satsuki Katayama speaking on Wednesday. On Friday, she said that intervention on the currency markets is a “possible option.”
BUSINESS / Markets
Nov 21, 2025
‘Sell Japan’ trade takes a breather as verbal intervention dialed up slightly
The stimulus package that so worried the market came in within expectations
The yen has deepened recent lows against the dollar as the 'sell Japan' trade gains steam ahead of big fiscal stimulus.
BUSINESS / Markets
Nov 20, 2025
Yen and Japanese bonds continue to retreat as verbal intervention lacking
Ahead of superbig fiscal stimulus, officials choose not to talk up the currency.
The yen has been weak against the U.S. dollar in recent weeks, with some analysts expecting the retreat to continue.
BUSINESS / Markets
Nov 19, 2025
Yen rout brings talk of ¥160 to the dollar and possible intervention
New administration hit by triple whammy of falling stocks, bonds and currency
Noritaka Okabe, CEO of JPYC, acknowledges a number of potential risks related to stablecoins.
BUSINESS / Tech
Nov 14, 2025
Stablecoins: Boring goes big, and now in Japan
They are designed not to fluctuate in value, and that’s precisely what makes them attractive.
The yen has fallen about 4.5% against the dollar so far this quarter, the most among its Group of 10 peers.
BUSINESS / Economy
Nov 13, 2025
Japan’s slumping currency intensifies debate over intervention
As the yen slumps toward levels that previously drew authorities into the market, traders are increasingly skeptical that direct intervention will work this time.
Noritaka Okabe, head of Japanese startup JPYC, at a news conference for the first yen stablecoin in Tokyo on Monday
BUSINESS / Tech
Oct 27, 2025
JPYC, world’s first yen stablecoin, is issued
One-second transfers costing less than ¥1 could become a reality.
Less than a week ago, Sanae Takaichi seemed set to become Japan's first female prime minister.
BUSINESS / Markets
Oct 10, 2025
‘Takaichi trade’ starts unwinding as political calculus upended by Komeito exit
Stocks fell and the yen rose after the coalition collapsed
Despite heightened geopolitical tensions and escalating trade wars, the U.S. dollar’s global dominance is unlikely to fade in the near term, leaving Asian economies vulnerable to dollar shocks.
COMMENTARY / World
Oct 10, 2025
How Asia can reduce its dollar dependence
While geopolitical tensions and the risk of sanctions have fueled diversification efforts, the greenback’s international dominance is unlikely to diminish in the near term.
Against the yen, the dollar was last up 0.53% at ¥152.7. It earlier reached ¥152.99, the highest since Feb. 14, and has risen from ¥147.44 on Friday.
BUSINESS / Economy
Oct 9, 2025
Yen weakest since mid-February on fiscal fears
The dollar has likely benefited from a lack of U.S. government economic data as the federal government remains shut.
Despite concerns over U.S. President Donald Trump's tariffs and global trade disruptions, the dollar remains dominant in global finance, with the Chinese yuan gaining ground but still far from challenging its supremacy.
COMMENTARY
Oct 8, 2025
Best evidence yet that the U.S. dollar isn’t close to being dead
The dollar was on one side of 89.2% of all trades, up a touch from the 2022 result.
Remittance inflows to low-income countries have boosted welfare, reduced poverty and strengthened economic resilience, but the Trump administration’s 1% tax on the transactions threatens to undermine these critical benefits.
COMMENTARY / World
Oct 6, 2025
Trump’s beggar-the-poor remittance tax
America is now the world’s top remittance-sending country, with at least 134 recipient countries in 2021, the most recent year with reliable bilateral data.
Uruguay federation reportedly cancels charter flight after World Cup exit
Uruguay's Jose Maria Gimenez reacts after the team's loss against Spain at the 2026 FIFA World Cup on Friday.
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
India’s gig workers pay the price for exposure to New Delhi’s hazardous air
Rohit Kushwaha waits for a customer as he delivers his last parcel of the day, in New Delhi in January. His work as a delivery driver has helped pay the family’s bills, but has had a significant impact on his health.
Yen hits 40-year low against the dollar, breaking ¥162 level
Japan's currency broke ¥162 to the dollar on Tuesday in Tokyo.
Japan falls in gut-wrenching fashion as Brazil strikes late to win World Cup clash
Brazil's Gabriel Martinelli (right) shoots past Japan defenders Shogo Taniguchi (left) and Takehiro Tomiyasu to score in the second half of a match in the round of 32 at the 2026 FIFA World Cup in Houston on Monday.
Japan’s fertility system offers few safe paths for same-sex couples
A Tokyo Pride parade participant holds a sign that says "we want to be a married couple, not a couple."
Inside Japan’s rigid adoption system, a British family finds a way
James Benstead, his wife, Jesse, and their three children. Their adopted son is in the rear stroller.
A French ship with close ties to Japan combines arts and sciences on the high seas
Romain Troublé, the executive director of Tara Ocean Foundation, speaks to visitors aboard the Tara during a rare port call in Tokyo in April.
In Kyushu’s far south, Senti.U sparks a culinary destination
Chef Yasuhiko Uchida was born in Saga Prefecture but has made his home in Kanoya, Kagoshima Prefecture, since 2012.
‘The colors speak for themselves’: How Japan’s chroma bible went global
“A Dictionary of Color Combinations” is meant to function as a quick-reference guide for artists, designers and anyone with a passing interest in aesthetics as a quantifiable pursuit.

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One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
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