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☆ Multipolar world opens up surprising safe havens
▼ + stars: | 2023-11-17 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

This new-look cap table leaves the U.S. much more vulnerable to the vagaries of foreign investors than before. In a crisis, foreign investors would rush to buy even more U.S. debt. Reuters GraphicsA less orthodox option would be to invest in emerging markets instead. The last time net equity investment in the U.S. NIIP dipped close to negative territory was as the dot-com bubble was deflating in 2001. In the next six years the U.S. saw net equity outflows equivalent to nearly 30% of GDP.

Persons: Hubert Védrine, Xi Jinping, Joe Biden, ’, Donald Trump’s, exceptionalism, NIIP, Peter Thal Larsen, Streisand Neto, Thomas Shum Organizations: Reuters, French, U.S, United, United States, Treasury, Equity, U.S . Treasury, Japan, Democratic, Cooperation Council, Peterson Institute for International, Fed, ECB ”, Thomson Locations: United States, tatters, United, U.S, China, Hong Kong, Switzerland, Singapore, Saudi Arabia, South Africa, Argentina, Mexico, Brazil, Vietnam, India, Chile, Democratic Republic of, Congo, Washington

Inventories reached 102 million barrels on Oct. 6, up from 85 million barrels a year earlier, according to data from the U.S. Energy Information Administration (“Weekly petroleum status report”, EIA, Oct. 12). Stocks were 13 million barrels (+15% or +1.18 standard deviations) above the prior seasonal average for 2015-2022 and just 1 million barrels below the all-time high of 103 million set in November 2015. Inventories ended winter 2022/23 around 10 million barrels (+22% or +0.98 standard deviations) above the seasonal average and the surplus has continued to swell despite strong exports. U.S. petroleum refineries also produced 59 million barrels of propane between January and July 2023, unchanged from the same period in 2013. Shipments to the Netherlands (25 million barrels), Singapore (18 million), Indonesia (17 million), Brazil (14 million), Belgium (14 million), Spain (14 million) and Chile (13 million) took the share to more than 80%.

Persons: Terry Wade, Stocks, John Kemp, Marguerita Choy Organizations: Apache Corp, REUTERS, U.S . Energy Information Administration, Thomson, Reuters Locations: West Texas, Mont Belvieu, Texas, U.S, Chartbook, East Asia, Latin America, Europe, Japan, Mexico, China, South Korea, Netherlands, Singapore, Indonesia, Brazil, Belgium, Spain, Chile, Asia, Saudi

Tokyo CNN —Japan expressed “grave concern” after Chinese and Russian warships sailed close to its southern islands on Thursday, just a day before its leader is expected to discuss rising tensions in the Indo-Pacific at a summit with counterparts from South Korea and the United States. It is the first time Russian and Chinese ships have sailed together through this particular body of water. It said the ships are believed to have taken part in a joint patrol in the Pacific. Chinese and Russian sailors conducted anti-submarine exercises, repelled a simulated enemy air raid, conducted rescue training at sea, and practiced helicopter takeoffs and landings on the decks of warships, the Russian ministry said. There, they are expected to agree to deepen defense, technology and economic cooperation, according to senior Biden administration officials.

Persons: David, Fumio Kishida, Yoon Suk, hasn’t, China’s, ”, Wang Yi Organizations: Tokyo CNN —, Russia’s Ministry of Defense, Japan, Western, Biden, South Locations: Tokyo CNN — Japan, Russian, South Korea, United States, Miyako, Japan’s, Okinotori, Soya, Hokkaido, Sakhalin, Okhotsk, Japan, East, China, Russia, Tokyo, Ukraine, Moscow, Kyiv . China, North Korea, Seoul, Korea, Asia, European, Pyongyang, Korean

☆ How to watch Australia, Canada and Nigeria battle for Wwomen's World Cup knockout phase spot
▼ + stars: | 2023-07-30 | by ( Ben Morse | ) edition.cnn.com time to read: +23 min

Franck Fife/AFP/Getty Images Norway celebrates scoring in its 6-0 victory against the Philippines on Sunday. Aisha Schulz/AP Sweden's Amanda Ilestedt, center, heads the ball to score the opening goal against Italy on July 29. John Cowpland/AP Italy's fans cheer before their team's match against Sweden at Wellington Regional Stadium, New Zealand. John Cowpland/AP China's Wang Shuang celebrates after scoring against Haiti during a Women's World Cup match on Friday, July 28. John Cowpland/AP US forward Alex Morgan is surrounded by Vietnam defenders during their opening match on July 22.

Persons: Colombia's Manuela Vanegas, Franck Fife, Alexandra Popp, Ulrik Pedersen, Manuela Vanegas, Sajad, Jaimi Joy, Reuters Linda Caicedo, Phil Walter, Getty, Dominique Randle, Hannah Peters, Hali, Rafaela Pontes, Olivia McDaniel, Norway's Caroline Graham Hansen, Abbie Parr, Sophie Roman Haug of, Jessika Cowart, Buda Mendes, Ali Riley, Katie Bowen, Molly Darlington, Julia Stierli, Alessandra Tarantino, Ramona Bachmann, Sanka Vidanagama, James Elsby, Benzina, Edina Alves Batista, Hannah Mckay, Brenton Edwards, Panama's Aldrith Quintero, Jamaica's Deneisha Blackwood, Kameron Simmonds, Luisa Gonzalez, Allyson Swaby, Herve Renard, Wendie Renard, Debinha, Katie Tucker, Aisha Schulz, Amanda Ilestedt, John Cowpland, Rebecka Blomqvist, Wang Shuang, Maddie Meyer, Dumornay, China's Dou Jiaxing, Alex Pantling, Chloe Kelly, Carl Recine, Mary Earps, Andy Cheung, Janni Thomsen, Alex Greenwood, Lauren James, Justin Setterfield, Keira Walsh, Walsh, Argentina's Mariana Larroquette, Yamila Rodriguez, Cristiano Ronaldo, Lionel Messi, Matthew Lewis, Linda Motlhalo, Lars Baron, Osinachi Ohale, Bradley Kanaris, Dan Peled, Anthony Albanese, Matt Roberts, Jéssica Silva, Vietnam's, Saeed Khan, Fiona Goodall, Daphne van Domselaar, Julie Ertz, Brad Smith, Andrew Cornaga, Lindsey Horan, Joe Prior, Catherine Ivill, Amanda Perobelli, Canada's Vanessa Gilles, Ireland's Niamh Fahey, Louise Quinn, Murty, Katie McCabe applauds, Paul Kane, Kailen Sheridan, McCabe, Stephen McCarthy, Adriana Leon, Colin Murty, Jennifer Hermoso, David Rowland, Reuters Hermoso, Spain's Alexia Putellas, Mary Wilombe, Naomoto, Japan's Mina Tanaka, Daniela Solera, Sarina Bolden, Bolden's, Hannah Wilkinson, Bolden, Victoria Esson, Katelyn Mulcahy, Hagen Hopkins, Catalina Usme, Korea's Cho, Colombia's Jorelyn, Carolina Arias, Cameron Spencer, Reuters Usme, Kim Hye, Rebecca Welch, David Gray, Brazil's Marta, Matt Turner, Borges, Khadija Er, Victoria Adkins, Germany's Alexandra Popp, Asanka Brendon Ratnayake, Morocco's Fatima Tagnaout, Hamish Blair, Cristiana Girelli, Kim Price, Francesca Durante, German Portanova, Reuters Italy's Giulia Dragoni, Estefania Banini, Dragoni, Grace Geyoro, Mark Baker, Rebecca Spencer, Robert Cianflone, Bunny, Shaw, Estelle Cascarino, Portugal's Ines Pereira, Stefanie van der, Van der Gragt, Portugal's Jessica Silva, Silva, Joe Allison, Magaia, Sweden's Elin Rubensson, Amalie Vangsgaard's, Zhang Linyan, Denmark's Pernille Harder, Gary Day, Shui, Reuters England's Alessia Russo, Haiti's Tabita Joseph, England's Lionesses, Reuters Nicolas Delépine, Kerly Theus, Zac Goodwin, Jun Endo, Zambia's Agnes Musase, Reuters Aoba, Catherine Musonda, Alex Morgan, Carmen Mandato, Megan Rapinoe, Horan, Trần Thị Kim Thanh, Sophia Smith dribbles, Ane, Esther González, Costa, Costa Rica's Mariana Benavides, Katrina Guillou, Switzerland's Gaëlle Thalmann, William West, Uchenna Kanu, Chiamaka Nnadozie, Canada's Christine Sinclair, Steph Catley, Heather Payne, Australia's Kyra Cooney, Mackenzie Arnold, Ria Percival, Ada Hegerberg, Jan Kruger, Zealand's CJ Bott, Norway's Mathilde Harviken vie, Jose Breton, Benee, Ireland's, Niamh Fahey, Vanessa Gilles, Coliin Murty, Sam Kerr, Kerr, Tony Gustavsson, Christine Sinclair, Ireland, Spain –, Japan's Hikaru Naomoto Organizations: CNN, Germany, Getty, Colombia, Reuters, Norway, Sunday, FIFA, AP, New Zealand, South, Jamaica, Brazil, France, Italy, Sweden, Wellington Regional, Haiti, China, Denmark, England, Argentina, Nigeria, Australia, Canada, Reuters Australian, Vietnam, Portugal, USSF, Ireland, Spain, Eden, Costa, Forsyth, AP Costa, Japan, New, Victoria, Panama, Morocco, Cristiana, Atlanta Primus, Zambia, Zambian, Costa Rica's, Getty Images, Zealand, AP Norway, Nations, FOX Sports, Telemundo, Seven Network, Optus Sport, BBC, ITV, Republic of Ireland, Super Falcons, coy Locations: Japan, Spain, Costa Rica, Zambia, Australia, Canada, Nigeria, AFP, Colombia, Philippines, AP Philippines, Sophie Roman Haug of Norway, New, Reuters, Morocco, South Korea, Perth, Reuters Jamaica, Brisbane, New Zealand, Reuters England, Reuters Argentina, Argentina, South Africa, Ireland, Portugal, Vietnam, United States, Netherlands, Wellington , New Zealand, Auckland , New Zealand, Costa Rican, Dunedin , New Zealand, AP Costa Rican, Reuters Switzerland, Norway, Switzerland, Sydney, Reuters Colombia, Panama, Adelaide, Germany, AP Argentina, German, Italy, Atlanta, Africa, China, European, Reuters England's Georgia, Ane Frosaker, Eurasia, Melbourne, Reuters Norway, Zealand, Eden, United Kingdom, Republic of, Republic of Ireland, Wellington

☆ Shinjiro Atae comes out as gay as Japan faces pressure to pass pro-LGBTQ+ legislation
▼ + stars: | 2023-07-27 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Japanese pop star Shinjiro Atae announced that he is gay on Wednesday – a bold move for such a public figure in Japan, a the country still does not recognize same-sex unions. I am a gay man.”His post continued, “It has taken me a long time to be able to say I am gay. Known today for his solo music, Atae was previously a member of the co-ed Japanese super-group AAA (Triple A) for over a decade. The group originally debuted in 2005 when Atae was just 14. The news of Atae’s coming out comes at a tenuous time in Japan, as the country faces increasing pressure from other Group of Seven (G7) nations to allow same-sex marriage.

Persons: Shinjiro Atae, Atae, ” Atae, “, ”, I’ve Organizations: CNN, Pride House, ReBit, AAA, Triple Locations: Japanese, Japan, “

IAEA chief Rafael Grossi arrives to inspect the damaged Fukushima nuclear power plant with Japanese officials on July 5, 2023. The report found the wastewater release plan will have a “negligible” impact on people and the environment, adding that it was an “independent and transparent review,” not a recommendation or endorsement. IAEA chief Rafael Grossi during an inspection in Fukushima, Japan, on July 5, 2023. “This is the DNA of the IAEA – to be the nuclear watchdog for nuclear operations, the nuclear watchdog for nuclear safety and security. “If there was one lesson that came clearly after the Fukushima accident, it’s that the nuclear safety standards should be observed to the letter,” he added.

Persons: Tokyo CNN —, Rafael Grossi, “, ”, Hiro Komae, Grossi, Fumio Kishida, ” It’s, –, ” Grossi, Ukraine – Organizations: Tokyo CNN, United Nations, CNN, International Atomic Energy Agency, IAEA, ”, Pacific Islands Forum, AP International Locations: Tokyo, ” Japan, South Korea, China, Fukushima, Japan, – Japan, United States, Pacific, Australia, New Zealand, Seoul, Ukraine

Tokyo, Japan CNN —Move over, boomers and older millennials – Japan’s young people are stepping into office. Most members of Japan’s parliament are aged 50 to 70 – and are 75% male, according to data from the Inter-Parliamentary Union. Making headlines is Ryosuke Takashima who, at 26 years old, is Japan’s youngest-ever mayor, according to Japanese public broadcaster NHK. Shin the Hiratsuka YouTuber, who was elected to the Hiratsuka city council. Ayaka Nasuno, 25, is another Gen Z politician making her debut after winning the highest share of votes for the Kawasaki City Council earlier this month.

☆ Will This Be the ‘Indian Century’? Four Key Questions
▼ + stars: | 2023-04-19 | by ( Alex Travelli | Weiyi Cai | ) www.nytimes.com time to read: +11 min

Annual population growth 3% Growing population Projected Projected 2% India’s population is projected to grow until the 2060s. 1% 0 Declining population -1% 1960 2000 2040 2080 3% Projected 2% China’s population declined for the first time in 2022. Fertility rate 8 children per woman Projected Projected 6 India 4 India’s fertility rate ensures a roughly stable population. Age 100+ Male Female Male Female 95–99 90–91 85–89 80–81 75–79 70–71 Nearly 80% of India’s population is younger than 50. 20–21 15–19 10–11 5–9 0–4 Age 100+ Male Female 95–99 90–91 85–89 80–81 Nearly 80% of India’s population is younger than 50.

☆ Asia likely to grow 5% faster than developed economies by year-end - Morgan Stanley
▼ + stars: | 2023-04-12 | by ( ) www.reuters.com time to read: +1 min

April 12 (Reuters) - Asia's economic growth could outpace developed countries' by 5% by end-2023 driven by China's easing of COVID-19 curbs, strong domestic demand and interest rates staying in less-restrictive territory, said Morgan Stanley economists. The recent banking stress in the U.S. and Europe strengthens the case for Asia's outperformance, MS Asia economists, led by Chetan Ahya, said in a note dated Tuesday. "Lending standards will tighten in the U.S. and Europe, and, in turn, weigh on domestic demand," wrote Ahya. A 5% higher growth than developed markets would be the strongest since 2017, MS notes. Additionally, China's reopening distributes benefits to the rest of the region, while Asia's other three large economies – Japan, India and Indonesia – all have economy-specific factors driving domestic demand, MS said.

☆ U.S. and China wage war beneath the waves – over internet cables
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +28 min

Three of China’s state-owned carriers – China Telecommunications Corporation (China Telecom), China Mobile Limited and China United Network Communications Group Co Ltd (China Unicom) – had committed funding as members of the consortium, which also included U.S.-based Microsoft Corp and French telecom firm Orange SA, according to six people involved in the deal. China Telecom, China Mobile, China Unicom and Orange did not respond to requests for comment. China Telecom, China Mobile and China Unicom were resolutely behind HMN Tech, which had come in with a bid of around $500 million. China Telecom and China Mobile threatened to walk off the project, taking tens of millions of dollars of investment with them. Among them is China Telecom, which had previously won authorization to provide services in the United States.

☆ Japan Post’s deal will test interest rate optimism
▼ + stars: | 2023-02-28 | by ( ) www.reuters.com time to read: +2 min

HONG KONG, Feb 28 (Reuters Breakingviews) - The $12 billion triple initial public offering of the Japan Post Group by the government in 2015 was done in the name of economic efficiency. After a brief rally, the collective market value of the three companies it comprises has declined from a peak of 18 trillion yen to below 10 trillion yen, per Datastream. The Ministry of Finance holds over a third of Japan Post Holdings (6178.T), which in turn retains big stakes in the banking and insurance units – although it has trimmed the latter to below 50%. Japan Post Holdings plans to unload shares worth up to $9.3 billion, Reuters reported, reducing its stake to below 65%. It’s a huge deal in a rickety market but the prospect of interest rate normalisation could see more investment into domestic banks – Japan Post Bank shares have rallied this year alongside local peers.

☆ The US relied on a secret force of Japanese-Americans to win World War II in the Pacific — while their families were locked up at home
▼ + stars: | 2023-01-05 | by ( Katie Sanders | ) www.businessinsider.com time to read: +17 min

Japanese-American Nisei soldiers at US Army Military Intelligence Service language school. Not many people know that we had Japanese-Americans fighting the Pacific war. The very first Japanese language school was started by the Army a months before Pearl Harbor. A US Army Nisei soldier gives water to a child in Okinawa. US Army Nisei soldiers interrogating a Japanese prisoner of war.

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