Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

When the yen ruled the world: Shunji Iwai’s ‘Swallowtail Butterfly’ returns in 4K

The director talks about his approach to the 4K restoration of his classic film, now showing in theaters nationwide.

When the yen ruled the world: Shunji Iwai’s ‘Swallowtail Butterfly’ returns in 4K

Shunji Iwai's "Swallowtail Butterfly" has long defied easy classification. A blend of fable, crime drama, and a concert film centered around an invented band, the film takes on added resonance as an elegy for a bygone era. Iwai's vision of a dystopian Japan, where the yen reigns supreme and Tokyo bears the moniker "Yentown," reflects the experiences of migrants drawn to the country in search of prosperity.

Beneath the film's invented pidgin language and gritty aesthetic lies a poignant exploration of statelessness, belonging, and the resilience of those on society's fringes.

As the theatrical debut of a newly restored 4K version approaches, supervised by Iwai himself, we sat down with the director to delve into the technical and emotional dimensions of revisiting this project. In this interview, Iwai reflects on the significance of revisiting a story about an imagined age of yen's dominance and how its relevance may have shifted in today's world.

Written by urgent.news from Japan Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at japantimes.co.jp →

More in Finance & Markets

Transaction in Own Shares

Transaction in Own Shares September 03, 2026 • • • • • • • • • • • • • • • • Shell plc (the ‘Company’) announces that on 03 September 2026 it purchased the following number of Shares for cancellation.

More from Friday 4 September →