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Japan is making its boldest industrial bet in decades: converting the agricultural island of Hokkaido into a global semiconductor hub through Rapidus – a government-backed chipmaker determined to compete with giants like TSMC and Samsung. But can Japan overcome its lost decades, talent shortages, and fierce worldwide competition?
Japan’s yen slumped to an all-time low against the euro and neared a nine-month low versus the dollar after Prime Minister Sanae Takaichi urged the central bank to go slow on rate hikes.
Key Highlights Here are the main takeaways from the recent market-moving events in Japan: Introduction Japan’s financial markets are experiencing a major shake-up. Following the election of Sanae Takaichi as the new LDP leader, the nation’s stock market soared to unprecedented heights. The benchmark Nikkei 225 index reacted with a powerful surge, reflecting investor optimism…