Severe tropical storm Jangmi ripped across Japan on Wednesday, with fierce winds and torrential rain disrupting transport and businesses, and knocking out power for tens of thousands of homes. The storm’s centre lay about 150 kilometres south of Tokyo as of early Wednesday afternoon, moving northeast with maximum sustained winds of up to 25 metres per second, Japan’s Meteorological Agency said. The storm is set to pass very close to the Pacific side of eastern Japan and heightened vigilance is needed, the agency added. At least 15 people have sustained minor injuries, according to authorities. The storm, with a central pressure of 985 hectopascals, has cut power to nearly 60,000 households so far, and authorities have been receiving reports of flooding, fallen trees and debris, and landslides across a wide stretch of regions, government spokesperson Minoru Kihara said during a regular press briefing. “If you sense any danger, please do not hesitate to take early action to protect your lives,” Kihara said. Eva...
The Parliamentary Association for the Promotion of Blockchain delivered recommendations to Japan’s finance minister on crypto and blockchain. A group of lawmakers within Japan’s Liberal Democratic Party (LDP) are seeking reforms to the country's cryptocurrency taxation system, as well as support for initiatives for the development and adoption of yen-denominated stablecoins. According to a Monday Nada News report, the LDP’s Parliamentary Association for the Promotion of Blockchain delivered recommendations to Finance Minister Satsuki Katayama, including provisions on stablecoins, exchange-traded funds (ETFs), central bank digital currencies (CBDCs), and applications for blockchain technology. The document proposes doubling the leverage cap for retail cryptocurrency derivatives trading and establishing a framework for ETFs tied to digital assets. Read more
Polymarket is reportedly seeking entry into Japan amid falling trading volumes and rising regulatory scrutiny, targeting approval by 2030. Polymarket, a global prediction market platform, is reportedly seeking entry into Japan amid growing regulatory scrutiny of the sector worldwide. The company has appointed Mike Eidlin, head of Japan at crypto firm Jupiter, to lead its local efforts and is preparing to lobby for authorization of prediction markets in the country, Bloomberg reported Friday, citing people familiar with the matter. Polymarket is targeting government approval in Japan by 2030, viewing the market as a major untapped opportunity. Read more
SBI Holdings is in discussions to make Bitbank a subsidiary, adding to its push to acquire crypto exchanges amid improving regulatory clarity in Japan. Tokyo-based SBI Holdings has opened talks to acquire shares in cryptocurrency exchange Bitbank and make it a consolidated subsidiary, extending its push to consolidate regulated crypto trading platforms in Japan as the country moves toward securities-style rules for digital assets. The financial conglomerate said Friday it is considering a share acquisition as part of a potential capital and business alliance with Bitbank. The deal remains subject to due diligence, negotiations and internal approvals, SBI said. The talks come a month after SBI VC Trade absorbed Bitpoint Japan on April 1, with SBI VC Trade becoming the surviving company. A Bitbank acquisition would give SBI a larger position in Japan’s crypto exchange market at a time when policymakers are preparing to bring crypto assets under the Financial Instruments and Exchange Act. Read more
Four Japanese government agencies have warned against the AML risks posed by crypto in real estate transactions, instructing industry bodies to enforce stricter compliance. Japan's financial, law enforcement and real estate regulators have issued a joint guidance request warning that crypto assets pose money laundering risk in property transactions. The request, published on Tuesday, was issued by the Ministry of Land, Infrastructure, Transport and Tourism, the Financial Services Agency, the National Police Agency and the Ministry of Finance. It was addressed to major real estate and crypto industry bodies, including the Japan Cryptocurrency Business Association and several national real estate federations. “Crypto assets, which have the nature of being transferred instantly across national borders, are considered to pose a high risk of being used as a payment method in real estate transactions for the purpose of money laundering,” the request states. Read more
Japan has deployed 1,400 firefighters and 100 Self-Defence Force personnel to battle mountain blazes in the northern part of the country, with the fires, now burning on Sunday for a fifth straight day, continuing to threaten a picturesque coastal town. The area consumed by the fires reached 1,373 hectares as of early Sunday morning, up seven per cent from a day earlier. A helicopter conducts firefighting operations, as wildfires continue in Otsuchi, Iwate Prefecture, Japan on April 26, 2026. — Reuters The fires threaten residential districts of Otsuchi on the Pacific Coast — a town that lost nearly a tenth of its population in one of Japan’s worst disasters, the March 2011 earthquake and tsunami. Evacuation orders are in place for 1,541 households or 3,233 residents, roughly a third of Otsuchi’s population. A firefighter works as wildfires continue in Otsuchi, Iwate Prefecture, Japan on April 26, 2026. — Reuters “Although the Self-Defence Forces are fighting the fires from the sky (with helicopters), t...