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Japanese investors, spooked by the Eurozone debt market selloff triggered by Germany's increased fiscal spending plans, offloaded a record amount of foreign bonds in the week through March 8th. Meanwhile, foreign investors remained bullish on Japan, snapping up both stocks and bonds, despite the recent weakness in the yen.

Japanese Prime Minister Shigeru Ishiba defended his country's defense budget, stating that it is determined by Japan itself and not by other nations. This comes in response to comments from Elbridge Colby, the Trump administration's nominee for under secretary of defense for policy, who suggested Japan should increase its defense spending.

U.S. President Donald Trump questioned the terms of the U.S.-Japan treaty alliance, claiming the agreement obligated the U.S. to defend Japan without reciprocal protection. Experts clarified that Japan's post-World War II Constitution reforms allow it to exercise collective self-defense and assist the United States under specific circumstances.

Japan's Lower House passed the initial budget for fiscal 2025, marking a victory for Prime Minister Shigeru Ishiba's minority government. The budget includes the largest general account ever at 115.1978 trillion yen ($773.2 billion) and was approved with the support of the opposition Nippon Ishin (Japan Innovation Party).

NASA astronauts Butch Wilmore and Suni Williams, who were stranded on the International Space Station for nine months due to technical issues with their spacecraft, are finally returning home after a SpaceX Falcon 9 rocket carrying their replacements successfully launched on Friday night. The new crew will spend six months on the ISS, allowing Wilmore and Williams to prepare for their departure and return to Earth.