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Hello from Tokyo. The yen remains weak despite the Bank of Japan's historic decision to raise the interest rate for the first time in 17 years. This is because Japanese rates are still low compared with other countries. With the BOJ maintaining its accommodative monetary policy, the expectation appears to be that the situation won't change much until the U.S. starts cutting rates.
Hello from Tokyo. Thanks to the global popularity of South Korean entertainment exports such as BTS, "Squid Game" and more, everyone knows about K-pop and K-dramas. The K-wave phenomenon underscores South Korea's status as one of Asia's biggest soft powers.
Hello from London. I am in town for a short visit to meet with colleagues and discuss various editorial priorities. As we all know, 2024 is a big election year, and elections are always a hot topic. That is why many of my newsletters inevitably focus on the upcoming votes.
Hello from Tokyo. When Thailand's government announced the discovery of one of the world's largest lithium deposits last week, expectations soared regarding its potential impact on regional EV production. However, Bangkok later toned down its rhetoric and corrected the estimated size of the deposit, providing a valuable lesson -- not only for the media but also for companies -- on the importance of strong judgment when evaluating information from governments or policymakers.