After decades of defying economic gravity, Japan is finally changing course. And the world is watching with a mixture of anticipation and alarm. In December 2025, the Bank of Japan raised its benchmark rate to 0.75% a seemingly modest figure that masks a seismic shift in global finance. For years, Japan’s ultra-loose monetary policy has

A new Stanford study titled “Canaries in the Coal Mine? Six Facts about the Recent Employment Effects of Artificial Intelligence” provides the clearest empirical evidence to date that generative AI is reshaping labor markets—especially for younger workers. Using ADP’s anonymized payroll data from late 2022 (post–ChatGPT launch) to mid-2025, the study tracked millions of U.S.