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July 24, 2024
 

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The exchange rate for the Japanese yen against the euro (left) and the U.S. dollar is displayed at a foreign exchange brokerage in Tokyo on June 27.
BUSINESS / Markets
Citi flags possible euro-yen intervention if rate nears ¥180 level
The euro-yen pair traded as high as ¥175.43 on July 11 — a record since the common currency was launched in 1999 — before retreating.
BUSINESS / Markets
Blackstone Japan fund exceeds $1B as investors warm up to private equity
As inflation takes hold in the country, investors are exploring more alternative assets on government encouragement to invest more of their cash.
BUSINESS / Markets
China cuts key rate after Xi’s big meeting disappoints investors
The People’s Bank of China cut the seven-day reverse repo rate, a key short-term policy rate, in the first reduction in almost a year.
Leveraged funds reduced net short positions on the yen the most since March 2011 during the week to July 16.
BUSINESS / Markets
Jul 22, 2024
Hedge funds slash short yen bets by most in more than a decade
By Ruth Carson and Masaki Kondo
Hedge funds pared bets against the yen in spectacular fashion after a suspected double-whammy market intervention from Japanese authorities.
The 2024 presidential race throws another curveball at the markets with U.S. President Joe Biden dropping out of the race.
BUSINESS / Markets
Jul 22, 2024
How investors are reacting to Biden dropping reelection bid
By Isabelle Lee and Natalia Kniazhevich
Many investors are waiting to see who the new Democratic nominee will be, with some uncomfortable about the uncertainty.
The underperformance of the Tokyo Stock Exchange's Growth Market 250 illustrates how smaller companies may bear a heavier burden should Bank of Japan officials raise interest rates.
BUSINESS / Markets
Jul 19, 2024
Newfound love for Japan’s small cap stocks to be tested
By Toshiro Hasegawa
Strategists are increasingly concerned that the prospect of rising interest rates will weigh on smaller businesses that are vulnerable to rising borrowing costs.
Namibia is emerging as an oil exploration hub with major finds by different oil giants, which could significantly boost the country's economy.
BUSINESS / Markets
Jul 18, 2024
African outpost Namibia gets ready to become new oil hotspot
By Paul Burkhardt
Massive oil finds 180 miles off Namibia’s coast have seen an 80% success rate since 2022 — an almost unprecedented achievement.
The yen rose to the ¥155 range against the dollar, the highest in almost two months, in Tokyo on Thursday.
BUSINESS / Markets
Jul 18, 2024
Yen rally shakes markets, sending dollar to weakest level since May
By Greg Ritchie and Naomi Tajitsu
There is ongoing speculation that authorities could intervene again to prop up the yen.
A man walks past a store of luxury brand Burberry at a shopping mall in Beijing in 2021.
BUSINESS / Markets
Jul 17, 2024
Luxury brands feel the sting as Chinese growth slows
By Mimosa Spencer
China accounted for 16% of $393.8 billion of global luxury spending last year, but the economy grew slower than expected in the last quarter.
The Bank of Japan headquarters in Tokyo
BUSINESS / Markets
Jul 15, 2024
Yen’s woes seem too big for even a BOJ hike this month to solve
By David Finnerty
Despite a boost and a favorable drop in U.S. bond yields, the yen still ended last week up less than 2% against the greenback.

South Korea couple beat same-sex barriers to parenthood
South Korean lesbian couple Kim Kyu-jin (left) and her wife, Kim Sae-yeon, pose with a "pregnant woman" badge during an interview in Seoul last month.
Japan unveils new overtourism countermeasures
The majority of tourists in Japan tend to stay in Tokyo, Osaka or Kyoto, resulting in overcrowding in popular tourist spots and a strain on transportation systems.
Opportunities await the bold in the Year of the Wood Dragon
2024 marks the Year of the Dragon in the Chinese zodiac, with the year predicted to be a good time for fresh starts.
Japan pharma startup developing world-first drug to grow new teeth
A new tooth is seen in a ferret's mouth after it was administered a drug to stimulate the growth of tooth buds.
Don’t worry about global population collapse
Most projections show the world will hit peak humanity in the 21st century as people choose to have smaller families and women gain power over their own reproduction.
As climate extremes intensify, Japan embraces ancient weather rituals
Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
Biden drops out of presidential race, endorsing Kamala Harris
U.S. President Joe Biden and Vice President Kamala Harris at the White House in Washington on July 4.
Why Japanese researchers are looking to submarine cables for faster tsunami warnings
Lamposts and other signs throughout Hirogawa, Wakayama Prefecture, display warnings, evacuation routes and measurements of height above sea level. The town has been hit by eight tsunami in its recorded history.
Akatsuki Japan believes it can 'surprise the world' in Paris
Mai Yamamoto drives to the basket during an Olympic tune-up game against New Zealand in Tokyo on July 4.
How to prevent and respond to heatstroke in Japan this summer
A passerby holding a parasol wipes her face as she walks on the street amid a heatstroke alert in Tokyo and other prefectures, in Tokyo on July 9.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Traditional folk rituals like Mizudome-no-mai (dance to stop the rain) provide a sense of agency to a population that feels largely powerless in the face of the climate crisis.
As climate extremes intensify, Japan embraces ancient weather rituals
By Alex K.T. Martin

SUSTAINABLE JAPAN

Exploring Japanese culturevia Tohoku’s festivals
Exploring Japanese culturevia Tohoku’s festivals

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