The Japanese government has approved a proposal to amend the Payment Services Act, aimed at reforming the regulatory framework for cryptocurrency brokers and stablecoins. The bill has been submitted to the Diet for consideration and is expected to be passed in the next few days. According to information released by the Financial Services Agency (FSA), the new regulations will allow crypto companies to operate as "intermediary businesses", meaning brokers will no longer be able to...
The Japanese government maintains that its economy is recovering modestly, but points to U.S. trade policy as a key factor to watch as Trump's proposed tariffs create uncertainty about the economic outlook. In its monthly economic report for February, the Cabinet Office maintained its assessment of the overall economy unchanged for the seventh month in a row, as persistent inflation, particularly for everyday goods, weakened consumption. The Japanese Cabinet Office also mentioned the need to kee...
The Japanese government recently gave a formal response to a "proposal by the United States and other countries to promote bitcoin as a reserve asset" put forward by Sen. Satoshi Hamada. In its reply, the Japanese government said that it has not yet fully grasped the relevant trends in the United States and other countries, and mentioned the use of bitcoin as a...
According to Kyodo News Agency, the Japanese government expects tax revenue in the 2025/26 fiscal year to reach a record level of about 78.40 trillion yen.
According to TV Tokyo, the Japanese government will become an equity investor in chipmaker Rapidus.
On July 12, two government sources said that Japan is expected to slightly cut its economic growth forecast of 1.3% for the financial year ending in March 2025 as consumption is hit by higher import costs caused by the depreciation of the yen. The Japanese government usually releases economic growth forecasts in January and then revises them around July. The economic growth forecast could be cut to about 1.0% in the revised forecast to be released next week, and the impact of the rising cost of ...
Due to the plunge in the yen, Japan's Government Pension Investment Fund (GPIF) has lost its status as the world's largest pension fund.
The Japanese government will release monthly foreign exchange intervention data in ten minutes.