Japan has improved a lot in recent years in corporate governance and attention to shareholders. And its sovereign debt, although very high, is largely in the hands of holders from the country itself. Furthermore, the need for global investors to diversify beyond the United States is multiplying the valuations of a stock market, the Japanese one, that offered affordable valuations. All these factors help explain that the doubts surrounding the strategy of su primera ministra, Sanae Takaichithey have not grown up. But, like the rest of the developed economies, Japan faces challenges such as aging, which require imagination to improve productivity and maintain public spending.
Takaichi also wants to strengthen the country’s defense, but is also committed to an important tax reform. It must tread carefully, because the flapping of a butterfly’s wings on Japanese bond yields could accelerate a repatriation of capital that triggers a global hurricane in the debt market.
Prices change… at the speed of energy
In physics, the main constant is the speed of light: 300,000 kilometers per second. It is what defines time and mass, and means that, for example, the difference in gravity between a person’s feet and head can dismember the body into a black hole. In food, and in the production of goods in general, it is precisely energy that defines the ultimate costs of things. And it has been its rise in price in recent years that has caused supermarkets to change price labels at increasingly greater speeds. Although, for now, not so many compared to the light.
The battle for Warner Bros, a miniseries of little significance
It has been a miniseries, one of those that gets to the point without frills or many seasons, but that, once finished, leaves little impact on the viewer. The fight for Warner Bros between Paramount – the Ellisons, fundamentally – and Netflix has ended with the withdrawal of the latter, given that it was difficult to compete with the inflated price put on the table by the son of the founder of Oracle (with the indispensable endorsement of his father). The markets have applauded that Netflix did not abandon itself to this crazy race, but it is still a defeat. Meanwhile, the owners of Warner Bros. aim to take a price that the term premium does not fully encompass, and it is up to Paramount to demonstrate that, once the battle is won, it can maintain the kingdom. We’ll see if it’s worth a remake.
The phrase
Monte dei Paschi was one of those complex files that we inherited and managed successfully. Now it is a solid institution. I would say yes, the Government’s role is over. Will not participate in the appointment of the new administrative and supervisory bodies
Giorgia Meloni, first minister of Italy
Pokemon or the successful sum of nostalgia and reinvention
Three decades illuminate Pokemonthe famous Nintendo franchise, which is far from going out of style. The key to its success was, in addition to presenting a great game, knowing how to diversify its business and reinvent itself. Thus, it was possible that in the early 2000s, in a schoolyard in Santander (or Saitama), there was a child who did not have the GameBoy, or did not have the cartridge for the latest Pokemon, but who did play with its cards or its mugs, or watched its movies. Over the years, these children have grown up and allowed themselves to be seduced by nostalgia, which has largely kept the franchise alive. Until 2016, when in a new adaptation exercise, they launched Pokemon Go, the application that made half the world search for bugs in their cities. An example of success.
