Overview

• Media reports say Japan’s FSA could clear the country’s first yen‑denominated stablecoin this fall, with JPYC moving to register as a money transfer business to lead the launch.
• Monex Group says it is considering issuing a JPY‑pegged stablecoin for remittances and corporate settlements, with Chairman Oki Matsumoto warning firms risk being left behind if they ignore the sector.
• Japan Post Bank plans to introduce DCJPY in fiscal 2026 on a permissioned blockchain built by DeCurret DCP, with tokens fully backed by bank deposits.
• The bank aims to let customers convert deposits to digital tokens for instant transfers and access to tokenized assets, with discussions reported for potential use in distributing local government grants.
• Market context shows 30‑year JGB yields above 3.2% and the 10‑year near 1.64% as rate hikes are debated for October or December, while BTC/JPY fell about 8% over the month on bitFlyer.