The Japanese government has set guidelines to advance the digital securitization of local government bonds (Security Tokens) issued by local governments. The government plans to submit the relevant bill to the ordinary parliament in 2026, and will determine the specific countermeasures according to the needs of the local governments within this month. Experts point out that digital local bonds based on blockchain technology can be issued and settled quickly without intermediaries, and can grasp ...
The Japanese government submitted a draft supplementary budget for fiscal year 2025 to the Diet on Monday. The general account expenditure amounted to 18.3034 trillion yen, mainly to finance the first comprehensive economic plan under Prime Minister Tsunae Takaichi. This figure is a significant increase from the supplementary budget of 13.9433 trillion yen in the previous fiscal year. The core of the economic plan will revolve around measures to mitigate the impact of rising prices and investmen...
The Japanese government expects a tsunami as high as 3 meters to reach a large coastal area along the Pacific coast, and according to the Japan Broadcasting Association NHK, the Japanese government ordered the evacuation of (coastal) residents.
Furusawa, a former senior Japanese foreign exchange diplomat, said the Japanese government would most likely intervene on Monday to prop up the yen.