Bloomberg reported on September 7 that Japan’s Ministry of Finance likely sold some of its U.S. Treasury holdings to fund a record-breaking yen intervention. The move marks an important shift in Japan’s currency intervention strategy and has drawn significant market attention.
The Associated Press reported on September 7 that North Korea has formally commissioned its second new guided-missile destroyer, while the United States, South Korea, and Japan are conducting large-scale joint naval exercises in waters near the Korean Peninsula.
A magnitude 5.9 earthquake struck eastern Japan with tremors felt strongly in the Tokyo metropolitan area, forcing multiple train lines to suspend operations and disrupting travel for thousands of commuters.
Japan lodged strong protests over Putin’s first visit to the Kuril Islands (claimed by Japan as Northern Territories), calling it ‘unacceptable.’ The decades-old territorial dispute remains the biggest obstacle to normalizing Japan-Russia relations.
Metaplanet CEO dismisses bitcoin sale rumors, confirms 43,000 BTC holdings, and reaffirms commitment to long-term accumulation strategy.
JPYC raises $38M to expand Web3 ecosystem and accelerate JPYC stablecoin adoption.
US Treasury Secretary Scott Bessent’s intervention in yen exchange rates has sent shockwaves through global financial markets, signaling what the Financial Times calls a new era of US ‘currency activism’ that breaks decades of non-intervention precedent.
US Treasury Secretary Bessent and the Federal Reserve have helped Japan reverse months of yen depreciation in a rare coordinated move.
According to Reuters, a strong earthquake in Japan has injured at least 50 people and severely disrupted power and transportation in affected areas. Rescue operations are underway.
A Japanese town has sparked heated debate and protests over plans to build its first mosque. The incident highlights Japan’s challenge of integrating new cultures and religions as it increasingly relies on foreign workers.