Ebisu: Benchmarking Large Language Models in Japanese Finance

Japanese finance combines agglutinative, head-final linguistic structure, mixed writing systems, and high-context communication norms that rely on indirect expression and implicit commitment, posing a substantial challenge for LLMs. We introduce Ebisu, a benchmark for native Japanese financial language understanding, comprising two linguistically and culturally grounded, expert-annotated tasks: JF-ICR, which evaluates implicit commitment and refusal recognition in investor-facing Q&A, and JF-TE, which assesses hierarchical extraction and ranking of nested financial terminology from professional disclosures. We evaluate a diverse set of open-source and proprietary LLMs spanning general-purpose, Japanese-adapted, and financial models. Results show that even state-of-the-art systems struggle on both tasks. While increased model scale yields limited improvements, language- and domain-specific adaptation does not reliably improve performance, leaving substantial gaps unresolved. Ebisu provides a focused benchmark for advancing linguistically and culturally grounded financial NLP. All datasets and evaluation scripts are publicly released.

XCR-Bench: A Multi-Task Benchmark for Evaluating Cultural Reasoning in LLMs

Cross-cultural competence in large language models (LLMs) requires the ability to identify Culture-Specific Items (CSIs) and to adapt them appropriately across cultural contexts. Progress in evaluating this capability has been constrained by the scarcity of high-quality CSI-annotated corpora with parallel cross-cultural sentence pairs. To address this limitation, we introduce XCR-Bench, a Cross(X)-Cultural Reasoning Benchmark consisting of 4.9k parallel sentences and 1,098 unique CSIs, spanning three distinct reasoning tasks with corresponding evaluation metrics. Our corpus integrates Newmark's CSI framework with Hall's Triad of Culture, enabling systematic analysis of cultural reasoning beyond surface-level artifacts and into semi-visible and invisible cultural elements such as social norms, beliefs, and values. Our findings show that state-of-the-art LLMs exhibit consistent weaknesses in identifying and adapting CSIs related to social etiquette and cultural reference. Additionally, we find evidence that LLMs encode regional and ethno-religious biases even within a single linguistic setting during cultural adaptation. We release our corpus and code to facilitate future research on cross-cultural NLP.

Locate, Steer, and Improve: A Practical Survey of Actionable Mechanistic Interpretability in Large Language Models

Mechanistic Interpretability (MI) has emerged as a vital approach to demystify the opaque decision-making of Large Language Models (LLMs). However, existing reviews primarily treat MI as an observational science, summarizing analytical insights while lacking a systematic framework for actionable intervention. To bridge this gap, we present a practical survey structured around the pipeline: "Locate, Steer, and Improve." We formally categorize Localizing (diagnosis) and Steering (intervention) methods based on specific Interpretable Objects to establish a rigorous intervention protocol. Furthermore, we demonstrate how this framework enables tangible improvements in Alignment, Capability, and Efficiency, effectively operationalizing MI as an actionable methodology for model optimization. The curated paper list of this work is available at https://github.com/rattlesnakey/Awesome-Actionable-MI-Survey.

MisSpans: Fine-Grained False Span Identification in Cross-Domain Fake News

Online misinformation is increasingly pervasive, yet most existing benchmarks and methods evaluate veracity at the level of whole claims or paragraphs using coarse binary labels, obscuring how true and false details often co-exist within single sentences. These simplifications also limit interpretability: global explanations cannot identify which specific segments are misleading or differentiate how a detail is false (e.g., distorted vs. fabricated). To address these gaps, we introduce MisSpans, the first multi-domain, human-annotated benchmark for span-level misinformation detection and analysis, consisting of paired real and fake news stories. MisSpans defines three complementary tasks: MisSpansIdentity for pinpointing false spans within sentences, MisSpansType for categorising false spans by misinformation type, and MisSpansExplanation for providing rationales grounded in identified spans. Together, these tasks enable fine-grained localisation, nuanced characterisation beyond true/false and actionable explanations. Expert annotators were guided by standardised guidelines and consistency checks, leading to high inter-annotator agreement. We evaluate 15 representative LLMs, including reasoning-enhanced and non-reasoning variants, under zero-shot and one-shot settings. Results reveal the challenging nature of fine-grained misinformation identification and analysis, and highlight the need for a deeper understanding of how performance may be influenced by multiple interacting factors, including model size and reasoning capabilities, along with domain-specific textual features. This project will be available at https://github.com/lzw108/MisSpans.

All That Glisters Is Not Gold: A Benchmark for Reference-Free Counterfactual Financial Misinformation Detection

We introduce RFC Bench, a benchmark for evaluating large language models on financial misinformation under realistic news. RFC Bench operates at the paragraph level and captures the contextual complexity of financial news where meaning emerges from dispersed cues. The benchmark defines two complementary tasks: reference free misinformation detection and comparison based diagnosis using paired original perturbed inputs. Experiments reveal a consistent pattern: performance is substantially stronger when comparative context is available, while reference free settings expose significant weaknesses, including unstable predictions and elevated invalid outputs. These results indicate that current models struggle to maintain coherent belief states without external grounding. By highlighting this gap, RFC Bench provides a structured testbed for studying reference free reasoning and advancing more reliable financial misinformation detection in real world settings.

RAAR: Retrieval Augmented Agentic Reasoning for Cross-Domain Misinformation Detection

Cross-domain misinformation detection is challenging, as misinformation arises across domains with substantial differences in knowledge and discourse. Existing methods often rely on single-perspective cues and struggle to generalize to challenging or underrepresented domains, while reasoning large language models (LLMs), though effective on complex tasks, are limited to same-distribution data. To address these gaps, we introduce RAAR, the first retrieval-augmented agentic reasoning framework for cross-domain misinformation detection. To enable cross-domain transfer beyond same-distribution assumptions, RAAR retrieves multi-perspective source-domain evidence aligned with each target sample's semantics, sentiment, and writing style. To overcome single-perspective modeling and missing systematic reasoning, RAAR constructs verifiable multi-step reasoning paths through specialized multi-agent collaboration, where perspective-specific agents produce complementary analyses and a summary agent integrates them under verifier guidance. RAAR further applies supervised fine-tuning and reinforcement learning to train a single multi-task verifier to enhance verification and reasoning capabilities. Based on RAAR, we trained the RAAR-8b and RAAR-14b models. Evaluation on three cross-domain misinformation detection tasks shows that RAAR substantially enhances the capabilities of the base models and outperforms other cross-domain methods, advanced LLMs, and LLM-based adaptation approaches. The project will be released at https://github.com/lzw108/RAAR.

Implicit Graph, Explicit Retrieval: Towards Efficient and Interpretable Long-horizon Memory for Large Language Models

Long-horizon applications increasingly require large language models (LLMs) to answer queries when relevant evidence is sparse and dispersed across very long contexts. Existing memory systems largely follow two paradigms: explicit structured memories offer interpretability but often become brittle under long-context overload, while latent memory mechanisms are efficient and stable yet difficult to inspect. We propose LatentGraphMem, a memory framework that combines implicit graph memory with explicit subgraph retrieval. LatentGraphMem stores a graph-structured memory in latent space for stability and efficiency, and exposes a task-specific subgraph retrieval interface that returns a compact symbolic subgraph under a fixed budget for downstream reasoning and human inspection. During training, an explicit graph view is materialized to interface with a frozen reasoner for question-answering supervision. At inference time, retrieval is performed in latent space and only the retrieved subgraph is externalized. Experiments on long-horizon benchmarks across multiple model scales show that LatentGraphMem consistently outperforms representative explicit-graph and latent-memory baselines, while enabling parameter-efficient adaptation and flexible scaling to larger reasoners without introducing large symbolic artifacts.

MentraSuite: Post-Training Large Language Models for Mental Health Reasoning and Assessment

Mental health disorders affect hundreds of millions globally, and the Web now serves as a primary medium for accessing support, information, and assessment. Large language models (LLMs) offer scalable and accessible assistance, yet their deployment in mental-health settings remains risky when their reasoning is incomplete, inconsistent, or ungrounded. Existing psychological LLMs emphasize emotional understanding or knowledge recall but overlook the step-wise, clinically aligned reasoning required for appraisal, diagnosis, intervention planning, abstraction, and verification. To address these issues, we introduce MentraSuite, a unified framework for advancing reliable mental-health reasoning. We propose MentraBench, a comprehensive benchmark spanning five core reasoning aspects, six tasks, and 13 datasets, evaluating both task performance and reasoning quality across five dimensions: conciseness, coherence, hallucination avoidance, task understanding, and internal consistency. We further present Mindora, a post-trained model optimized through a hybrid SFT-RL framework with an inconsistency-detection reward to enforce faithful and coherent reasoning. To support training, we construct high-quality trajectories using a novel reasoning trajectory generation strategy, that strategically filters difficult samples and applies a structured, consistency-oriented rewriting process to produce concise, readable, and well-balanced trajectories. Across 20 evaluated LLMs, Mindora achieves the highest average performance on MentraBench and shows remarkable performances in reasoning reliability, demonstrating its effectiveness for complex mental-health scenarios.

FinCriticalED: A Visual Benchmark for Financial Fact-Level OCR Evaluation

We introduce FinCriticalED (Financial Critical Error Detection), a visual benchmark for evaluating OCR and vision language models on financial documents at the fact level. Financial documents contain visually dense and table heavy layouts where numerical and temporal information is tightly coupled with structure. In high stakes settings, small OCR mistakes such as sign inversion or shifted dates can lead to materially different interpretations, while traditional OCR metrics like ROUGE and edit distance capture only surface level text similarity. \ficriticaled provides 500 image-HTML pairs with expert annotated financial facts covering over seven hundred numerical and temporal facts. It introduces three key contributions. First, it establishes the first fact level evaluation benchmark for financial document understanding, shifting evaluation from lexical overlap to domain critical factual correctness. Second, all annotations are created and verified by financial experts with strict quality control over signs, magnitudes, and temporal expressions. Third, we develop an LLM-as-Judge evaluation pipeline that performs structured fact extraction and contextual verification for visually complex financial documents. We benchmark OCR systems, open source vision language models, and proprietary models on FinCriticalED. Results show that although the strongest proprietary models achieve the highest factual accuracy, substantial errors remain in visually intricate numerical and temporal contexts. Through quantitative evaluation and expert case studies, FinCriticalED provides a rigorous foundation for advancing visual factual precision in financial and other precision critical domains.

Semantic Label Drift in Cross-Cultural Translation

Machine Translation (MT) is widely employed to address resource scarcity in low-resource languages by generating synthetic data from high-resource counterparts. While sentiment preservation in translation has long been studied, a critical but underexplored factor is the role of cultural alignment between source and target languages. In this paper, we hypothesize that semantic labels are drifted or altered during MT due to cultural divergence. Through a series of experiments across culturally sensitive and neutral domains, we establish three key findings: (1) MT systems, including modern Large Language Models (LLMs), induce label drift during translation, particularly in culturally sensitive domains; (2) unlike earlier statistical MT tools, LLMs encode cultural knowledge, and leveraging this knowledge can amplify label drift; and (3) cultural similarity or dissimilarity between source and target languages is a crucial determinant of label preservation. Our findings highlight that neglecting cultural factors in MT not only undermines label fidelity but also risks misinterpretation and cultural conflict in downstream applications.