A 65-year-old American tourist has been arrested for carving the names of his family members into the wooden gate of Tokyo's Meiji Shrine. He says he was doing it as a "prank."

BREAKING: Unrealized losses on domestic bond holdings for Japan's 4 largest life insurers rose +7% in Q2 2026, to a record $96 billion. All 4 insurers, Nippon Life, Daiichi Life, Sumitomo Life, and Meiji Yasuda, reported increases in paper losses. This marks the 7th consecutive quarterly increase, with unrealized losses more than tripling over the period. Japanese life insurers typically hold government bonds and other debt securities until maturity to match their long-term insurance obligations. However, a potential surge in customer policy cancellations could force them to liquidate those holdings to meet payouts, putting pressure on both investment portfolios and earnings. This comes as 30-year Japanese government bond yields surged above +4.0% in May for the first time since the bonds were introduced in 1999, driven by concerns that Prime Minister Takaichi's administration may increase fiscal spending. Pressure on Japan's financial institutions is intensifying.