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1 US Dollar = 158.94 Japanese Yen
Last updated · August 22, 2026 at 7:31 a.m. JST
Editorial illustration of Japanese government bonds, yen notes and a rising yield chart representing higher debt-service costs
Today’s Lead Story

The Rising Price of Japan’s Debt

A 3.8% rate scenario exposes the growing weight of debt service—and what rising yields mean for a budget long sheltered by ultra-low rates.

What happens to Japan’s budget when long-term yields move? We connect the history of government debt, Bank of Japan policy and the choices passed between generations.

Read the long-form report →

Four to Read First

Debt, Koshien, space biology and Shuri Castle


Today’s 15 New Stories

Five desks · three stories each


Business & Work

Business & Work · 1–3

Universities & Research

Universities & Research · 4–6

Life & Society

Life & Society · 7–9

Sports

Sports · 10–12

Music & Culture

Music & Culture · 13–15

Four from the August 22 Edition

Space, heat, Koyasan and circular materials


20. Today’s Art Choice

Yamamoto Kanae · Fisherman

Editorial image of Yamamoto Kanae’s black-ink woodcut Fisherman, showing an elderly fisherman smoking a pipe above a harbor
Today’s Art

Yamamoto Kanae — Fisherman

Designed, carved and printed by the artist, this stark fisherman helped launch the sōsaku-hanga movement.

Read the art long-form →

Cleveland Museum of Art · Japan.co.jp AI Art Gallery


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