japancrypto

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TOKYO (Reuters) -Japanese startup JPYC said it will issue the first stablecoin pegged to the yen later in the year after receiving a licence this week.
The stablecoin, which will be called "JPYC", will be fully convertible to the yen and backed by domestic savings and Japanese government bonds (JGBs), the company's CEO Noritaka Okabe told a news conference.
"Initially, we expect demand to come from institutional investors, hedge funds and family offices in Japan," he said.
"Eventually, we aim to have JPYC used overseas as digital yen and delivered to people across the world."
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JPYC, which plans to issue the stablecoin around autumn, said it would not charge transaction fees. Instead, the more stablecoins it issues, the more JGBs it will hold, and it would earn money from the interest on those holdings.
Blockchain-based stablecoins - which are typically pegged to a fiat currency and offer faster and cheaper transactions - are gaining much momentum worldwide.
In the U.S., President Donald Trump in July signed into law federal rules and guidelines for stablecoins to facilitate their usage in everyday payments and settlements.
Financial companies from Bank of America to Fiserv are preparing to launch their own dollar-backed crypto tokens, although experts warn the path forward may not be simple.
In contrast, in mainland China, where crypto trading is banned, Chinese regulators have asked big local brokers to halt publication of research endorsing stablecoins in a bid to curb a surge in interest among domestic investors.

Japan is reportedly considering a ¥17 trillion (~$110 billion) stimulus package, signaling one of the country's largest economic boosts in recent years. The move comes as policymakers seek to counter slowing economic momentum, rising input costs, and global uncertainty.
🔍 Why This Matters
A stimulus package of this scale typically means a significant injection of liquidity into the economy. Government spending, subsidies, and support measures tend to improve credit conditions and increase capital circulation.
And in global markets, more liquidity often translates into a bullish environment for risk assets, including equities, commodities, and crypto.
📈 Market Impact
Weaker Yen possibility: Stimulus measures often lead to a softer JPY, boosting exports and attracting foreign investment.
Improved risk appetite: Investors may rotate into higher-beta assets.
Crypto correlation: Historically, major liquidity infusions from leading economies indirectly support digital assets as risk-on sentiment grows.
🌐 Broader Context
Japan’s government has been under pressure to revive domestic demand while navigating global supply chain challenges and inflation dynamics. A large-scale package indicates stronger commitment to stabilizing growth and preventing recessionary risks.
🧭 What to Watch
Official announcement details
Breakdown of spending (infrastructure, subsidies, tax relief, etc.)
Bank of Japan’s reaction and policy guidance
Immediate movements in USD/JPY
Trend shifts in global equities and crypto
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