Report

Japan

Ueda at Jackson Hole: BOJ’s Cautious Stance Amid Tariff Uncertainty

BOJ Governor Kazuo Ueda emphasized caution at Jackson Hole 2025, highlighting labor market data and tariff-driven risks as Japan balances policy normalization.
Invest

Wealth Management Companies and the Philosophy of Stealth Wealth

High-net-worth individuals combine wealth management companies with stealth wealth to optimize taxes, ensure succession, and reduce risks. Discover how these strategies secure wealth across generations
Report

【Jackson Hole Aftermath】FRB Policy and U.S. Rate Cut Scenarios

Executive SummaryAt the Jackson Hole meeting in August 2025, Federal Reserve Chair Jerome Powell signaled a return to th...
Report

Contrasting Neighbor Strategies: The United States vs. Russia and China

This report analyzes the contrasting diplomatic strategies of the United States, Russia, and China. The U.S. builds durable alliances with distant partners, while Russia and China seek to integrate neighbors into fragile spheres of influence—shaping global stability in different ways.
Report

Russia’s Advantage in the Ukraine War: Global Political and Economic Implications

As Russia maintains an upper hand in the Ukraine war, global markets face higher energy costs, fiscal strains in Europe, safe-haven demand, and rising multipolar tensions. Explore how sustained Russian leverage could reshape trade, finance, and the future of globalization.
Report

A New Phase in the Ukraine Peace Process and Its Economic Implications

On August 18, 2025, Zelensky met Trump and EU leaders at the White House to debate ceasefire, security guarantees, and arms deals. Discover how this summit reshapes Ukraine’s future, global defense industries, energy markets, and financial stability.
Japan

Beyond Convenience: The Macroeconomic Implications of the Digital Yen

As Japan pilots its Digital Yen, we examine the long-term impacts on fiscal policy, international trade, central bank control, and the future of money itself.
Japan

Sakhalin-1 “Re-Entry” Decree and the Implications for Japanese Stakeholders

Russia’s August 15 decree opens a conditional path for foreign shareholders to return to Sakhalin-1. This report outlines the conditions, scenarios, risks, and concrete next steps for Japanese stakeholders.
Report

Paul Krugman’s Perspective on the Yen Carry Trade

Nobel laureate Paul Krugman views the yen carry trade as a policy-created arbitrage, dependent on Japan’s ultra-low interest rates and vulnerable to BoJ policy shifts that could trigger global market volatility.
Report

The Role of the Japanese Yen in Today’s Global Financial Markets

Explore how the Japanese yen functions as both a global funding currency and a safe-haven asset, influencing carry trades, capital flows, and market volatility in the international financial system.
Japan

Structural Analysis of Japan’s Policy Interest Rate

Discover how Japan’s ultra-low policy rate drives the yen’s role as a global funding currency, fuels international carry trades, and impacts capital flows in both risk-on and risk-off markets.
Report

Germany: An Analysis of Inclusive and Extractive Institutions Based on Daron Acemoglu’s Theory

"Explore a comprehensive analysis of Germany’s political and economic institutions through the lens of Daron Acemoglu’s theory of inclusive and extractive institutions. Understand how inequality, immigration challenges, and elite influence impact the country’s long-term stability and growth."
Japan

Japan’s Economic and Political Systems: An Analysis Based on Daron Acemoglu’s Theory

Explore an in-depth analysis of Japan’s economic and political systems through Daron Acemoglu’s theory of inclusive and extractive institutions. Learn how Japan’s current challenges and institutional structures impact its long-term growth and stability.