Yen

Japan’s Big Three Banks Test Joint Yen Stablecoin for Cross-Border Payments

Japan’s three largest banks have completed a joint trial of a yen-based stablecoin, confirming the feasibility of a model designed to support cross-border payments between businesses. Mizuho Bank, MUFG Bank and Sumitomo Mitsui Banking Corporation (SMBC) conducted the proof of concept from July 17 to July 23, with the results

October 16, 2026 3 mins read

Bank of Japan Raises Rate to 1.25% as Yen Weakens After 31-Year High

The Bank of Japan (BOJ) raised its policy interest rate by 25 basis points to 1.25% on September 18, taking borrowing costs to their highest level in 31 years, since 1995. The decision was made by a 7-2 vote, with board members Toichiro Asada and Ayano Sato voting against the

September 18, 2026 2 mins read