On the sixth episode of The Observing Japan Podcast, I discuss three things to know about Japan’s politics this week. Then, I am joined by James David Malcolm from JB Drax Honore in London for a discussion about the Bank of Japan’s decisions this week and the broader danger that Japan could face a fiscal crisis within the next several years. We discuss the changing structure of the bond market, the Takaichi government’s fiscal policies, the underlying growth and demographic conditions, and the broader political economy of Japan’s macroeconomic policymaking.