This market will resolve to "Yes" if there is a military encounter between the military forces of China (People's Republic of China) and Japan between November 17, 2025, and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

A "military encounter" is defined as any incident involving the use of force such as missile strikes, artillery fire, exchange of gunfire, or other forms of direct military engagement between Chinese and Japanese military forces. Non-violent actions, such as warning shots, artillery fire into uninhabited areas, or missile launches that land in territorial waters or pass through airspace, will not qualify for a "Yes" resolution. Intentional ship ramming that results in significant damage to (e.g., a hole in the hull) or the sinking of a military ship by another will count toward a "Yes" resolution, however minor damage (scrapes, dents) will not.

Note: the China Coast Guard (CCG) is part of the military, however Japan Coast Guard (JCG) is not.

The resolution source for this market will be a consensus of credible reporting.

China x Japan military clash before 2027?

This market resolves to the intensity category corresponding to the maximum sustained wind speed (10-minute average) shown in the applicable JMA advisory as defined below. The outcome categories are: "Tropical Storm" (34–47 kt), "Severe Tropical Storm" (48–63 kt), "Typhoon" (64–84 kt), "Very Strong Typhoon" (85–104 kt), and "Violent Typhoon" (105+ kt). Landfall is defined as the center of Dolphin's circulation physically crossing the coastline of any Japanese territory (including Okinawa, the Ryukyu Islands, and all main islands) on or before August 15, 2026.

Resolution is determined by the Japan Meteorological Agency's (JMA) position advisories placing the storm over Japanese land (https://www.jma.go.jp/bosai/map.html#contents=typhoon&lang=en), or by credible international news reporting confirming the storm hitting Japanese territory. The applicable advisory is selected as follows: if a JMA advisory plots the center on Japanese land, that advisory's wind speed resolves the market; if no JMA advisory plots the center on land but credible reporting confirms a crossing occurred between discrete advisory fixes, the intensity is taken from the most recently issued JMA advisory prior to the confirmed crossing time. Once the applicable advisory is identified, its intensity fixes the outcome; no subsequent real-time advisory, reclassification, or post-season best-track reanalysis may retroactively change the outcome.

Archival evidence of JMA advisory data is maintained by the Digital Typhoon database (National Institute of Informatics, Japan) at its Typhoon Images and Charts page for Typhoon 202613 (DOLPHIN). In the event of a resolution dispute, the intensity value recorded by Digital Typhoon for the applicable advisory fix shall be treated as conclusive evidence of what JMA reported.

JMA position advisories are the primary resolution source. If a JMA advisory plots the center on Japanese land, the market resolves based on that advisory's wind speed regardless of what other sources say. If no JMA advisory plots the center on land but credible reporting confirms a crossing occurred between discrete advisory fixes, the market still resolves, with intensity taken from the most recently issued JMA advisory prior to the confirmed crossing time. A disagreement exists only when a JMA advisory and credible reporting make contradictory claims about the storm's position at the same point in time; in that case, JMA is the default resolution source. Only the first qualifying landfall on Japanese territory resolves the market; subsequent landfalls are disregarded.

This is a purely geographic criterion: the storm's center must pass over Japanese land, regardless of whether JMA formally designates the event as "landfall" or "passage." The applicable JMA advisory (as selected above) must show maximum sustained winds of 34 knots or higher, classifying Dolphin as a tropical storm or above. If the applicable advisory classifies the system as a tropical depression (below 34 kt), extratropical, dissipated, or absorbed, the crossing does not count and the market resolves to "No Qualifying Landfall."

This market resolves "No Qualifying Landfall" if Dolphin has been declared extratropical, dissipated, or absorbed on or before August 15 without having made landfall on Japanese territory, if the applicable advisory at the time of crossing shows winds below 34 knots, or if no landfall has physically occurred by the close of August 15, 2026.

Very Strong Typhoon

Typhoon

Violent Typhoon

What intensity will Typhoon Dolphin have at landfall in Japan?

This market will resolve according to the change in basis points in the uncollateralized overnight call rate resulting from the September 2026 meeting of the Bank of Japan, relative to the level it was prior to this meeting.

The resolution source will be official information from the Bank of Japan, including the statement or release from its September 2026 meeting, scheduled for September 17-18, 2026, as listed on the official Bank of Japan calendar (https://www.boj.or.jp/en/mopo/mpmsche_minu/index.htm). This market may resolve as soon as the statement or release of the Bank of Japan’s September 2026 meeting with relevant data is issued.

If the specified rate is defined by an upper and lower bound, the relevant change will be the change to the upper bound.

If the specified rate is changed to a level not expressed in the displayed options, the change will be rounded according to the following guidelines. Increases or decreases of less than 25 bps will be rounded to 25 bps (e.g. an increase or decrease of 10 bps would be considered to be an increase or decrease of 25 bps). Increases or decreases of greater than 25 bps will be rounded to the nearest 25 bps and will be rounded away from 0 in cases of equidistance (e.g., an increase or decrease of 37.5 bps would be considered to be an increase or decrease of 50 bps). Displayed options of “Increase” or “Decrease” will include policy rate increases or decreases of any size.

If the specified meeting is postponed to a date and time before the start of the next scheduled meeting, this market will resolve based on the outcome of that postponed meeting. If the specified meeting is cancelled, or postponed such that no decision is announced by the start of the next scheduled meeting, this market will resolve to the “No Change” bracket. Emergency changes to the specified rate not resulting from the specified meeting will not be considered.

No change

25 bps increase

50+ bps increase

Bank of Japan

Bank of Japan Decision in September?

This market will resolve according to Japan's real gross domestic product growth rate (Quarter-over-Quarter Annualized, %) in the second quarter of 2026, as reported in the Japan Cabinet Office's Quarterly Estimates of GDP (First Preliminary Estimates) release for Q2 of 2026, scheduled for release on August 17, 2026.

The relevant figure may be found in the summary document, in table 1-1 'Quarterly Real Growth Rate (Seasonally Adjusted Series, Quarter-to-Quarter)' — this figure expresses the quarterly growth rate compounded over four quarters to produce an annualized equivalent. Changes in the Japan Cabinet Office's GDP reporting format will not disqualify a published figure from counting.

The GDP release will be made available here: https://www.esri.cao.go.jp/en/sna/sokuhou/sokuhou_top.html

If the reported value falls exactly between two brackets, this market will resolve to the higher range bracket.

If no data for the specified quarter is released by the date the next quarter's data is scheduled to be released, this market will resolve based on data from the last available quarter.

Note: the resolution source for this market reports Quarter-over-Quarter Annualized GDP growth rates to only one decimal point (e.g. 2.1%). Thus, this is the level of precision that will be used when resolving the market.

Note: data from the initial release of the referenced GDP report is what will be used to resolve this market. Data may be revised during the following quarter or as a part of the next estimate's publication, however any revisions to GDP report data made after the initial release will not be considered for this market's resolution. For the full release schedule, see: https://www.esri.cao.go.jp/en/sna/kouhyou/kouhyou_top.html

0.8%–1.6%

0.0%–0.8%

1.6%–2.4%

Japan GDP growth in Q2 2026 (QoQ Annualized)?

The Statement on Monetary Policy for the Bank of Japan's Monetary Policy meeting for October is scheduled to be released on October 30, 2026 (https://www.boj.or.jp/en/mopo/mpmsche_minu/index.htm).

This market will resolve to the amount of basis points the upper bound of the short-term policy interest rate is changed by versus the level it was prior to the Bank of Japan's October 2026 meeting.

If the short-term policy interest rate is changed to a level not expressed in the displayed options, the change will be rounded up to the nearest 25 and will resolve to the relevant bracket. (e.g. if there's a cut/increase of 12.5 bps it will be considered to be 25 bps)

The primary resolution source for this market will be the official website of the Bank of Japan (https://www.boj.or.jp/en/mopo/mpmsche_minu/index.htm), however a consensus of credible reporting may also be used.

This market may resolve as soon as the Bank of Japan's statement for the specified meeting with relevant data is issued. If no statement is released by the end date of the next scheduled meeting, this market will resolve to the "No change" bracket.

Bank of Japan Decision in October?

This market will resolve to “Yes” if Japan’s seasonally adjusted quarter-on-quarter percent change in real GDP (Quarterly Real Growth Rate, Seasonally Adjusted Series, Quarter-to-Quarter), as reported by the Cabinet Office, is less than 0.0 for two consecutive quarters between Q4 2025 and Q4 2026. Otherwise, this market will resolve to “No”.

This market includes estimates reported in both the Cabinet Office’s Quarterly Estimates of GDP (First Preliminary Estimates) and Quarterly Estimates of GDP (Second Preliminary Estimates) releases for the relevant quarters.

This market’s resolution will be based on the most recently available qualifying estimates for the relevant quarters at the time of each relevant release. Any two consecutive quarters with qualifying negative GDP growth will be sufficient for a “Yes” resolution, regardless of prior or later revisions.

For example, if upon release the relevant estimate for Q2 2026 is negative, and Q1 2026’s most recently available qualifying estimate is also negative, this market will resolve to “Yes”. If the relevant estimate for Q2 2026 is negative, and the initial estimate for Q1 2026 was negative, but Q1 2026’s most recently available qualifying estimate at the time of the Q2 release is positive, this will not qualify.

This market will resolve as soon as a qualifying recession occurs. If no qualifying recession has occurred and the most recently available qualifying estimates for both Q3 2026 and Q4 2026 are positive at the time of the release of the Quarterly Estimates of GDP (First Preliminary Estimates) for Q4 2026, this market will resolve to “No” at that time. If the most recently available qualifying estimate for either Q3 2026 or Q4 2026 is negative at that time, this market will remain open until the Quarterly Estimates of GDP (Second Preliminary Estimates) for Q4 2026 is published. If that release is not published by April 30, 2027, 11:59 PM ET, this market will resolve based on the available qualifying data at that time.

The resolution source for this market will be the Cabinet Office, specifically its Quarterly Estimates of GDP (First Preliminary Estimates) and Quarterly Estimates of GDP (Second Preliminary Estimates) releases for the relevant quarters.

Note: January to March will be considered Q1, April to June will be considered Q2, July to September will be considered Q3, and October to December will be considered Q4.

Japan recession in 2026?

This market will resolve to the percentage change in the Japanese Consumer Price Index excluding fresh food and energy (All items less fresh food and energy, change from the previous year (%)) between 2025 and 2026 according to the Consumer Price Index Annual Report by the Statistics Bureau of Japan (SBJ).

The resolution source for this market will be the SBJ Consumer Price Index Annual Report released for 2026 (https://www.stat.go.jp/english/data/cpi/1588.html#nen), currently scheduled to be released on January 22, 2027. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official SBJ Consumer Price Index Annual Report, which reports percentage change in the Consumer Price Index over 12-month periods to only one decimal point (e.g., 2.8%). Thus, this is the level of precision that will be used when resolving the market. For the avoidance of doubt, this market resolves on the core-core CPI figure — the all items index excluding fresh food and energy — not the headline all items CPI figure.

If the SBJ does not release the relevant figures on the scheduled date, this market may remain open up until March 31, 2027. If the information is not released by that time, this market will resolve to the lowest bracket.

2.0-2.4%

≤1.9%

2.5-2.9%

Japan Core-Core CPI YoY in 2026

This market will resolve according to the 10-year Japanese government bond (JGB) yield on the last reported day of 2026, as reported by the Japanese Ministry of Finance.

If the reported value falls exactly between two brackets, this market will resolve to the higher range bracket.

The resolution source for this market will be the Japanese Ministry of Finance’s “Interest Rate” data for Japanese Government Bonds found at (https://www.mof.go.jp/english/policy/jgbs/reference/interest_rate/index.htm). The resolution will be based on the value listed in the column labelled “10Y” in row corresponding to the latest reported date of 2026. 

The latest reported date will be confirmed once the Japanese Ministry of Finance publishes its first 10-year government bond yield for a 2027 date. The last 2026 date published before that point will be treated as the final reported date of 2026. If the Ministry of Finance has not published any 2027 yield data for the specified date by January 31, 2027, 11:59 PM ET, this market will resolve using the most recent 2026 yield published as of that date.

2.8-3.0%

3.0%+

2.6-2.8%

Japan 10Y Bond Yield: End of 2026

This market will resolve to "Yes" if the Japanese government declassifies any files pertaining to extraterrestrial life and/or unexplained aerial phenomena which were not previously publicly available between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

For the purposes of this market, only information from the national Government of Japan will qualify. Information from individual prefectures or municipalities will not be sufficient to resolve this market.

Announcements of declassifications that are not implemented within this market's timeframe will not count.

The primary resolution source for declassification will be official information from the government of Japan; however, a consensus of credible reporting will also be used.

Japan declassifies new UFO files in 2026?

This market will resolve to “Yes” if the Investing.com high price (“H”) for any USD/JPY hourly candle for an hour on or before the listed end date (ET) is equal to or above the listed price. Otherwise, this market will resolve to “No”.

Data for a given candle will be considered finalized once the next candle appears on the specified graph. The last trading day of a given week will be considered finalized once the market closes on that day, typically at 5 PM ET on Friday.

This market will resolve as soon as any finalized USD/JPY hourly candle high price is equal to or above the listed price, or once the final hourly candle in the specified period is finalized. A candle starting at 11:00 PM ET on a given date will be considered to be on that date.

This market’s resolution will be based solely on information from the “H” figure located at the top of the USD/JPY Streaming Chart on Investing.com for the specified currency pair (https://www.investing.com/currencies/usd-jpy-chart).

This market will resolve to “Yes” if the Investing.com low price (“L”) for any USD/JPY hourly candle for an hour on or before the listed end date (ET) is equal to or below the listed price. Otherwise, this market will resolve to “No”.

Data for a given candle will be considered finalized once the next candle appears on the specified graph. The last trading day of a given week will be considered finalized once the market closes on that day, typically at 5 PM ET on Friday.

This market will resolve as soon as any finalized USD/JPY hourly candle is equal to or below the listed price, or once the final hourly candle in the specified period is finalized. A candle starting at 11:00 PM ET on a given date will be considered to be on that date.

This market’s resolution will be based solely on information from the “L” figure located at the top of the USD/JPY Streaming Chart on Investing.com for the specified currency pair (https://www.investing.com/currencies/usd-jpy-chart).

↓150

↑165

↑170

Will USD/JPY hit __ in 2026?

This market will resolve to “Yes” if Sanae Takaichi ceases to be Prime Minister of Japan for any period of time between market creation and December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to “No”.

An announcement of Takaichi's resignation/removal before this market's end date will immediately resolve this market to "Yes", regardless of when the announced resignation/removal goes into effect.

If the specified individual is detained, effectively removed from the specified position, or otherwise permanently prevented from fulfilling the duties of the specified position within this market’s timeframe, it will qualify for a “Yes” resolution.

The resolution source for this market will be official information from Sanae Takaichi and the government of Japan; however, a consensus of credible reporting may also be used.


Sanae Takaichi out as Prime Minister of Japan in 2026?

This market will resolve to "Yes" if the sitting House of Representatives of Japan is dissolved by December 31, 2026, 11:59 PM ET. Otherwise, this market will resolve to "No".

The primary resolution source for this market is official information from the government of Japan, however a consensus of credible reporting will also be used.


Japanese parliament dissolved in 2026?

This market will resolve according to the official closing price for the Nikkei 225 (NI225) on the final trading day of December 2026, reported in JPY.

If the reported value falls exactly between two brackets, then this market will resolve to the higher range bracket.

If the final trading day of the month is shortened (for example, due to a market-holiday schedule), the official closing price published for that shortened session will still be used for resolution.

If no official closing price is published for that session (for example, due to a trading halt into the close, system issue, delisting, or other disruption), the market will use the last valid on-exchange trade price of the regular session as the effective closing price.

The resolution source for this market is Yahoo Finance, specifically the Nikkei 225 (^N225) "Close" prices available at (https://finance.yahoo.com/quote/%5EN225/history/), published under "Historical Data.”

60,000-65,000

55,000-60,000

65,000-70,000

Nikkei 225: Close Price End of 2026

This market will resolve to the percentage change in the Japanese Consumer Price Index excluding fresh food (All items less fresh food, change from the previous year (%)) between 2025 and 2026 according to the Consumer Price Index Annual Report by the Statistics Bureau of Japan (SBJ).

The resolution source for this market will be the SBJ Consumer Price Index Annual Report released for 2026 (https://www.stat.go.jp/english/data/cpi/1588.html#nen), currently scheduled to be released on January 22, 2027. Resolution of this market will take place upon release of the aforementioned data.

Note: the resolution source for this market will be the official SBJ Consumer Price Index Annual Report, which reports percentage change in the Consumer Price Index over 12-month periods to only one decimal point (e.g., 2.8%). Thus, this is the level of precision that will be used when resolving the market. For the avoidance of doubt, this market resolves on the core CPI figure — the all items index excluding fresh food — not the headline all items CPI figure.

If the SBJ does not release the relevant figures on the scheduled date, this market may remain open up until March 31, 2027. If the information is not released by that time, this market will resolve to the lowest bracket.