[
  {
    "date": "July 13, 2026",
    "title": "What Families Often Lose Is Not Information, But the Reasoning Behind the Decision",
    "summary": "A mature family office preserves not just records, but the judgment behind consequential decisions.",
    "url": "https://johnnykao.substack.com/p/what-families-often-lose-is-not-information",
    "source": "Substack"
  },
  {
    "date": "July 8, 2026",
    "title": "円安は単なるドル高ではない 日本が直面しているのは複合的な対外圧力だ",
    "summary": "いまの円安は、単にドルが強いからではない。日米金利差、エネルギー輸入、地政学、そして日本自身の資金流出が重なり合っている。",
    "url": "https://johnnykao.substack.com/p/japan-ja-part-2-yen-weakness-is-not-just-a-dollar-story",
    "source": "Substack"
  },
  {
    "date": "July 8, 2026",
    "title": "外圧はどの国にもあるのに、なぜ日本はこれほど重く受けるのか",
    "summary": "問題は外圧の存在そのものではない。為替、エネルギー、資本移動、企業利益、財政負担を、日本が国内で吸収し切れていないことにある。",
    "url": "https://johnnykao.substack.com/p/japan-ja-part-3-why-does-japan-bear-external-pressure-so-heavily",
    "source": "Substack"
  },
  {
    "date": "July 8, 2026",
    "title": "日本政府は巨額の支出をした だが、それは未来の力を買えたのか",
    "summary": "補助金は緊急時には必要だ。だが、支出が請求書を一時的に下げることだけで終わり、エネルギー依存、低効率、将来の産業能力を変えないなら、それは質の高い財政とは言えない。",
    "url": "https://johnnykao.substack.com/p/japan-ja-part-4-has-japan-bought-future-capacity",
    "source": "Substack"
  },
  {
    "date": "July 8, 2026",
    "title": "円安の利益を受け取るのは誰か その請求書を払うのは誰か",
    "summary": "円安は、日本全体が一様に貧しくなる現象ではない。利益は外貨収入、海外資産、価格転嫁力を持つ側に集まり、コストは家計、中小企業、若者、高齢者、そして将来の納税者へ広く分散する。",
    "url": "https://johnnykao.substack.com/p/japan-ja-part-5-who-benefits-from-a-weak-yen",
    "source": "Substack"
  },
  {
    "date": "July 8, 2026",
    "title": "円安の恩恵を企業決算だけで終わらせてはならない コストは誰が負担するのか",
    "summary": "企業利益の一部が企業の努力ではなく円安という環境要因から生まれているなら、その一部は透明な制度を通じて、弱い立場の保護、国内投資、省エネ、そして次の30年の日本に戻されるべきだ。",
    "url": "https://johnnykao.substack.com/p/japan-ja-part-6-who-should-bear-the-cost",
    "source": "Substack"
  },
  {
    "date": "July 7, 2026",
    "title": "Is Japan Really Out of Its Lost Decades, or Drifting Into Another One?",
    "summary": "Japan’s problem has never been the shock itself.",
    "url": "https://johnnykao.substack.com/p/japan-part-1-lost-decades-or-another-one",
    "source": "Substack"
  },
  {
    "date": "July 7, 2026",
    "title": "Yen Weakness Is Not Just a Dollar Story: Japan Is Facing an Entire System of External Pressures",
    "summary": "Widening U.S.-Japan rate differentials pull capital out of the yen.",
    "url": "https://johnnykao.substack.com/p/japan-part-2-yen-weakness-external-pressures",
    "source": "Substack"
  },
  {
    "date": "July 7, 2026",
    "title": "External Pressure Is Universal. Why Does Japan Bear It So Much More Heavily?",
    "summary": "The yen is not weak simply because the outside world has turned harsher.",
    "url": "https://johnnykao.substack.com/p/japan-part-3-why-japan-bears-it-more",
    "source": "Substack"
  },
  {
    "date": "July 7, 2026",
    "title": "Japan Has Spent a Great Deal. But Has It Bought Any Future Capacity?",
    "summary": "Subsidies can be justified in an emergency.",
    "url": "https://johnnykao.substack.com/p/japan-part-4-has-it-bought-future-capacity",
    "source": "Substack"
  },
  {
    "date": "July 7, 2026",
    "title": "Who Captures the Gains of a Weak Yen, and Who Pays the Bill?",
    "summary": "A weak yen is not a neutral national event that everyone shares equally.",
    "url": "https://johnnykao.substack.com/p/japan-part-5-who-benefits-from-a-weak-yen",
    "source": "Substack"
  },
  {
    "date": "July 6, 2026",
    "title": "The Family Office Risk Hidden Inside Pierre Castel’s Succession Plan",
    "summary": "The French billionaire built a structure to protect his empire. Now his heirs are fighting over who gets to interpret it.",
    "url": "https://johnnykao.substack.com/p/the-family-office-risk-hidden-inside",
    "source": "Substack"
  },
  {
    "date": "July 5, 2026",
    "title": "給日本政府的一封公開信：不要把下一個失落 30 年留給我們",
    "summary": "弱日元不是單一匯率問題，而是日本如何分配外部衝擊、保護既有結構、消耗財政資源、折價國家能力，並把成本留給未來世代的問題。",
    "url": "https://johnnykao.substack.com/p/japan-series-9-open-letter-to-japan",
    "source": "Substack"
  },
  {
    "date": "July 5, 2026",
    "title": "日本需要的不是更多補貼，而是從匯率到產業的政策閉環",
    "summary": "短期要讓市場知道日本不會無限容忍弱日元；長期要把補貼、企業紅利、外國人才與外部資本導回能源效率、薪資、產業升級與國內生產力。",
    "url": "https://johnnykao.substack.com/p/japan-series-8-policy-loop-not-subsidies",
    "source": "Substack"
  },
  {
    "date": "July 5, 2026",
    "title": "日本真正該怕的不是外國人，而是弱日元下的下一個黑船",
    "summary": "弱日元讓日本資產、勞動與服務變便宜，也削弱日本吸引和留住人才的能力；如果政府把外國人問題當成轉移焦點，而不是處理日元購買力與國內能力下降，日本只是在重演鎖國式反應。",
    "url": "https://johnnykao.substack.com/p/japan-series-7-japans-next-black-ship",
    "source": "Substack"
  },
  {
    "date": "July 5, 2026",
    "title": "弱日元紅利不該只停在企業財報：成本應該由誰承擔？",
    "summary": "如果一部分企業收益來自弱日元，而不是企業本身效率提升，政府就應透過透明制度，把部分紅利轉回弱勢保護、國內投資、能源效率與下一個 30 年的日本；不能只是把紅利留給企業，再把春鬥加薪當成政策成功。",
    "url": "https://johnnykao.substack.com/p/japan-series-6-who-should-pay-for-weak-yen",
    "source": "Substack"
  },
  {
    "date": "May 18, 2026",
    "title": "A Family Office Is Not Just a Question of Asset Size",
    "summary": "The real starting point is when complexity begins to affect how a family understands, prioritizes, and makes decisions.",
    "url": "https://johnnykao.substack.com/p/a-family-office-is-not-just-a-question",
    "source": "Substack"
  },
  {
    "date": "May 11, 2026",
    "title": "Why Most Macro Views Never Make It Into High-Net-Worth Portfolios",
    "summary": "The gap between macro conviction and portfolio implementation is wider than most market discussions suggest",
    "url": "https://johnnykao.substack.com/p/why-most-macro-views-never-make-it",
    "source": "Substack"
  },
  {
    "date": "May 5, 2026",
    "title": "Family Offices Are Moving from Asset Managers to Private Capital Platforms",
    "summary": "As family capital moves closer to private markets, the real question is no longer allocation — it is capability.",
    "url": "https://johnnykao.substack.com/p/family-offices-are-moving-from-asset",
    "source": "Substack"
  },
  {
    "date": "April 27, 2026",
    "title": "Wealth services are rarely just about money",
    "summary": "Judgment, coordination, and responsibility behind private wealth decisions.",
    "url": "https://johnnykao.substack.com/p/wealth-services-are-rarely-just-about",
    "source": "Substack"
  },
  {
    "date": "October 27, 2025",
    "title": "從擁有到體驗：Z 世代與 AI 正重新定義奢侈品行業",
    "summary": "超越物質的佔有，當代奢侈品行業正經歷一場深刻的典範轉移：從單純地追逐「擁有」，進化為精心構築並呈現獨特而深刻的「體驗」。",
    "url": "https://johnnykao.substack.com/p/z-ai",
    "source": "Substack"
  },
  {
    "date": "October 2025",
    "title": "文明的底層邏輯：從能源到算力的時代轉移",
    "summary": "",
    "url": "https://johnnykao.substack.com/p/47e",
    "source": "Substack"
  },
  {
    "date": "October 2025",
    "title": "爆紅不是運氣，是選擇：從金融人到內容人的轉彎思考",
    "summary": "",
    "url": "https://johnnykao.substack.com/p/d66",
    "source": "Substack"
  },
  {
    "date": "September 2025",
    "title": "東京車站的大時鐘，讓我重新思考了「校時」這件事",
    "summary": "",
    "url": "https://johnnykao.substack.com/p/722",
    "source": "Substack"
  },
  {
    "date": "September 2025",
    "title": "路網密度與城市價值：為什麼巴塞隆納、東京、台灣更能留住人",
    "summary": "",
    "url": "https://johnnykao.substack.com/p/264",
    "source": "Substack"
  },
  {
    "date": "April 24, 2025",
    "title": "Building a Web3 Website: Trial and Error Through a Consultant’s Lens",
    "summary": "I recently revamped and optimized my personal website, which led me to wonder: Is it possible to build a fully Web3, decentralized website without relying on any Web2 servers?",
    "url": "https://www.linkedin.com/pulse/building-web3-website-trial-error-through-consultants-johnny-kao-khy7c",
    "source": "LinkedIn"
  },
  {
    "date": "April 17, 2025",
    "title": "The Grey Zone of Space Property Rights: Can We Redefine the “Ownerless Frontier”?",
    "summary": "If space resources are becoming assets, are we ready with the right frameworks? While exploring the use of Real World Assets (RWA), I found myself reflecting on an unlikely but increasingly relevant asset class: space resources.",
    "url": "https://www.linkedin.com/pulse/next-generation-banking-apps-future-uiux-era-generative-johnny-kao-kdagc",
    "source": "LinkedIn"
  },
  {
    "date": "March 26, 2025",
    "title": "The Future of Tokenization: Why RWAs Are the Tipping Point for Financial Transformation",
    "summary": "Ten years ago, blockchain was little more than a playground for miners. Today, it’s steadily evolving into a platform for hosting traditional financial assets. At the center of this transformation is the rapid rise of RWAs—Real-World Assets—a key signal that the shift is underway.",
    "url": "https://www.linkedin.com/pulse/future-tokenization-why-rwas-tipping-point-financial-johnny-kao-co8lc",
    "source": "LinkedIn"
  },
  {
    "date": "March 21, 2025",
    "title": "Can Cats Rule the World with AI-Powered Coding?",
    "summary": "As someone deeply passionate about automation, I’ve long been using tools like Zapier to streamline workflows. Recently, I embarked on a journey to explore the true potential of AI in development, aiming to enhance my automation processes through innovative approaches.",
    "url": "https://www.linkedin.com/pulse/can-cats-rule-world-ai-powered-coding-insights-from-johnny-kao-p75xc",
    "source": "LinkedIn"
  }
]