**Japan maintains a cautious, security-focused stance on UAP-related records with no active national disclosure program or announced timeline for releasing previously non-public files by December 31, 2026.** Following the U.S. PURSUE releases beginning in May 2026—which included incidents near Japanese airspace—Chief Cabinet Secretary Minoru Kihara stated on May 11 that Tokyo is analyzing the material in coordination with allies while confirming possession of its own UAP footage. He emphasized that any Japanese disclosure decisions would occur strictly on a case-by-case basis, weighing risks of exposing intelligence-gathering capabilities. Cross-party parliamentary proposals in March–May 2026 sought a centralized Cabinet-level framework for data collection and analysis, yet these have not produced mandates, scheduled releases, or policy shifts favoring declassification. As of mid-September 2026, official statements and reporting show continued emphasis on internal analysis and allied coordination rather than public file releases. Traders price the low probability of any qualifying declassification before year-end around these procedural barriers, the absence of binding legislative requirements, and Japan's consistent prioritization of national security considerations over broad transparency initiatives. No late-breaking announcements or votes have altered this outlook.