Demand at Japan\'s 10-year government bond auction strengthened even as yields rose, a development that may signal domestic funds shifting toward local bonds. Data showed Japanese institutions net sold long-term foreign bonds over two September periods totaling 2.59 trillion yen. While the figures do not specify asset shifts, the market focus is on whether tighter funding conditions could reduce capital available for risk assets such as Bitcoin.

Startale Japan is offering what it calls Japan’s first self-sold digital corporate bond that pays interest and redemption in JPYSC, a yen-linked trust stablecoin. The bond carries a fixed 5.0 percent annual pre-tax coupon, a 1-year maturity and a minimum subscription of 100,000 yen. Subscriptions run through Nov. 10, with issuance on Dec. 1 and interest paid twice in 2027.