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Financial Risk Comparison
🇪🇸 Spain vs 🇯🇵 Japan
SIGMA Engine Systemic Risk Analysis · 2026
🇪🇸
Spain
49.3
accumulation
Kairos 30.4d·EU
🇯🇵
Japan
49.2
accumulation
Kairos 30.4d·APAC
SIGMA Verdict
Japan presents lower systemic risk at SIGMA 49.2 vs Spain at 49.3 — a 0.1-point spread. Spain's primary risk driver is Political Risk. The Kairos temporal window suggests Japan has the more immediate risk horizon.
Risk Dimensions
🇪🇸 Spain
🇯🇵 Japan
Sovereign/Fiscal← safer
58
85
Banking Stresssafer →
55
42
Currency Risk← safer
33
35
Political Risksafer →
62
28
Contagion Risk← safer
62
68
🇪🇸 Spain
Biggest Risk
Political Risk
62/100
Strongest Shield
Currency Risk
33/100
🇯🇵 Japan
Biggest Risk
Sovereign/Fiscal
85/100
Strongest Shield
Political Risk
28/100
Frequently Asked
Is Spain safer than Japan for institutional investors?
Based on SIGMA Engine v5.0 analysis, Japan shows lower systemic risk at 49.2/100. However, risk profiles differ: Spain has strongest exposure in Political Risk while Japan is most stressed in Sovereign/Fiscal.
What drives the SIGMA score difference between Spain and Japan?
The 0.1-point SIGMA spread reflects divergent risk trajectories. Spain's elevated regime is driven by Political Risk pressure at 62/100.
Related Comparisons
Full Spain–Japan analysis: entity-level SIGMA, contagion paths, Phantom scenarios.
Daily brief · Kairos window · Early warning signals
Access Full Comparison →