From the front line of change, moving further forward together.

In July of this year, the “GENIUS Act” was enacted in the United States, marking a significant advancement in the regulatory frameworks for stablecoins across Japan, the European Union, and the United States. As each jurisdiction has developed its own framework through distinct approaches, an environment conducive to the entry of financial institutions and technology companies is gradually emerging. This paper organizes recent international regulatory developments relating to stablecoins and examines their implications for Japan’s pioneering framework. Part I provides a comparative overview of the regulatory architectures in the United States, Europe, and Japan, while Part II addresses issues concerning supervisory implementation and challenges for private-sector deployment.

Life insurance was originally born as a mechanism of mutual aid within small, close-knit communities—“visible” groups of people. In recent years, however, amid shifts in consumer behavior, its value as a daily essential and social infrastructure has begun to waver. The key to reversing this trend lies in re-radicalizing life insurance—bringing it back to its origins—and doing so by embedding protection seamlessly into everyday life. This article reexamines the role that life insurance should play in the future and presents a vision in which it becomes more indispensable to society than ever before.

Is a “Re-Radicalized” Future for Life Insurance Truly Achievable? While initiatives that depart from conventional trajectories face numerous challenges, many of these barriers can be overcome with existing technologies. By examining pioneering case studies, this article explores mechanisms for integrating insurance seamlessly into everyday life and identifies practical approaches to make such integration a reality. Furthermore, it considers the feasibility of monetization, aiming to sharpen the clarity of new business models for life insurance.

Chinese automobile manufacturers are rapidly emerging as global leaders in both technological development and business expansion within the electric vehicle (EV) sector. In China’s massive domestic market—now the world’s largest—foreign automakers are increasingly losing ground. Furthermore, Chinese players are intensifying their offensive in the ASEAN market, which had long been a stronghold for Japanese manufacturers. In the midst of this increasingly fierce EV competition, how should Japan’s automakers respond? This article explores the strategies Japanese companies must adopt to survive and remain competitive in the global EV landscape.