To cushion the economic fallout from the war in the Middle East, Tokyo is digging deep into the debt toolbox. The effects are already being felt in the yen, equities, and government bonds.

18. May 2026

Japanese Finance Minister Satsuki Katayama

Finance Minister Katayama: Committed to “minimizing various risks.” (IMAGO / Kyodo News)

Last updated: 18. May 2026