sweet_gyokuroJapan's defence budget is ¥9 trillion ($60bn). The cost of maintaining its postwar vested-interest system is ¥12-15 trillion ($80-100bn). The country is building a seawall against external threats. The question is whether it can also treat the cancer within.
Toshisada UtsunomiyaImpact of Japan's Nuclear Shutdown on the Macroeconomy, 2011–2024
This paper examines how Japan’s post-Fukushima nuclear shutdown affected itsmacroeconomy over the period 2011–2024. It focuses on the transmission mechanism fromthe loss of nuclear baseload power to higher energy imports, a persistent trade deficit, anddownward pressure on the yen.Using trade and energy statistics for 2011–2024, the paper argues that the suspension ofnuclear reactors significantly increased Japan’s dependence on imported LNG and coal. This,in turn, worsened the trade balance and contributed to a structurally weaker yen, amplifyingthe domestic impact of global energy and food price shocks. Japan’s experience offers acautionary case study for other countries considering large, rapid shifts in their energy mixwithout simultaneously securing alternative domestic capacity.The analysis is deliberately simple and stylised. It does not claim that energy alonedetermines the exchange rate. Rather, it shows how the nuclear shutdown created abackground of continuous energy-related outflows that interacted with monetary policy,global financial conditions and capital flows to shape the trajectory of the yen between 2011and 2024.
The Japan TimesThe pipeline for Japanese corporate bonds is the slowest since 2023 as investors contend with uncertainty about the Middle East war. https://www.japantimes.co.jp/business/2026/04/02/markets/japan-corporate-bond-deals-down/?utm_medium=Social&utm_source=mastodon #business #markets #bonds #yen #japanpost #middleeast
TKHUNThttps://www.tkhunt.com/2271681/ 【リップル、買い場だぞのニュース】本日の相場分析は「BTC・XRP・CHZ」2026/4/1 #4月1日 #closingsession #Index #investment #japan #Japanese #JPY #latest #market #NIKKEI225 #NikkeiStockAverage #NQN #stock #TOPIX #Yen #トピックス #ドル円 #なぜ #ニュース #マーケット #今日 #仮想通貨 #大型株 #大引け #投資 #日本株 #日経CNBC #日経平均 #最新 #株価 #株価動向 #株式市場 #株式投資 #為替 #米国株 #終値 #経済ニュース #資産運用 #速報 #金融市場
https://www.tkhunt.com/2269738/ 【3/30(月)XRP仮想通貨・最新情報】 #3月30日 #closingsession #Index #investment #japan #Japanese #JPY #latest #market #NIKKEI225 #NikkeiStockAverage #NQN #stock #TOPIX #Yen #トピックス #ドル円 #なぜ #ニュース #マーケット #今日 #仮想通貨 #大型株 #大引け #投資 #日本株 #日経CNBC #日経平均 #最新 #株価 #株価動向 #株式市場 #株式投資 #為替 #米国株 #終値 #経済ニュース #資産運用 #速報 #金融市場
The Bank of Japan's policy board presented a hawkish posture in a summary of opinions aired during their meeting earlier this month. https://www.japantimes.co.jp/business/2026/03/30/economy/boj-summary-hawkish-tilt/?utm_medium=Social&utm_source=mastodon #business #economy #boj #japaneseeconomy #middleeast #oil #yen
Japan's Nikkei 225 stock average sank 5% minutes after opening Monday to a 2026 low as the conflict in the Middle East continues and Brent crude trades above $115 per barrel. https://www.japantimes.co.jp/business/2026/03/30/markets/tse-stocks-fall-yen-oil/?utm_medium=Social&utm_source=mastodon #business #markets #tse #nikkei #topix #oil #energy #iran #stocks #yen #currencies
Vietnam InsiderCurrency hits weakest level since 2024 intervention, raising stakes for Tokyo amid energy shock and policy strain.
#Yen #Dollar #Japan #MarketInsider
https://marketinsider.net/yen-slides-to-160-as-dollar-surge-tests-japans-red-line/
WhisprNews🇯🇵 El Yen se debilita ante el USD/JPY cerca de 160.00. Japón advierte sobre intervención, pero los altos costos energéticos y rendimientos globales pesan más que el ajuste del BoJ. #Yen #Forex #BoJ.
Now on #Zenodo Gold War: The Petrodollar Order, a Gold-Anchored Bloc, and the “Death of the Yen” Narrative.
🔗https://doi.org/10.5281/zenodo.19252827
#Gold #Petrodollar #Yen
Gold War: The Petrodollar Order, a Gold-Anchored Bloc, and the "Death of the Yen" Narrative
This paper introduces a conceptual framework for understanding current tensions in the internationalmonetary system as a “Gold War”: a structural conflict between a dollar-centred petrodollar order andan emerging gold-anchored bloc. Within this framework, it revisits the popular “death of the yen”narrative and argues that it is, at best, incomplete and, at worst, misleading.Using gold as a cross-currency yardstick, the paper organises a set of stylised facts about the postBretton Woods period. All major fiat currencies, including the dollar and the yen, have been losingpurchasing power against gold over the long run, but not at the same pace. Measured in gold ratherthan in dollars, oil has become cheaper over time, especially over the past two decades. Thiscompresses the gold value of oil exports for traditional petrodollar producers, while favouring actorsthat accumulate gold and secure energy at low gold-equivalent prices. At the same time, Japan’spublic-sector balance sheet combines record gross public debt with large public assets, extensivecentral-bank holdings of government bonds, a strong net international investment position, and a verylarge stock of external assets.Against this background, the paper revisits the “cage” developed in earlier work on Japanese goldprices and electricity tariffs: a configuration in which the yen is squeezed between externalbenchmarks (gold, oil) and internal survival costs (energy, food). It argues that the key systemic risk isnot that the yen is uniquely doomed as a “dying currency”, but that the cumulative pressures ofenergy, food, and demographics could eventually force Japan to liquidate foreign assets, includingU.S. Treasuries, to secure essential imports. Such a forced retreat would not be a local event; it woulddirectly destabilise the petrodollar regime by removing one of its most important long-term creditors.The aim of this paper is primarily conceptual. It organises a set of stylised facts about gold, oil, majorcurrencies, and national balance sheets into a coherent “Gold War” framework, rather than attemptinga full econometric treatment. More detailed empirical testing is left for future work.