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☆ Researchers Dispute Claim That Ancient Whale Was Heaviest Animal Ever
▼ + stars: | 2024-02-29 | by ( Carl Zimmer | ) www.nytimes.com time to read: +1 min

Last August, a team of paleontologists announced that they had discovered the fossilized bones of a gigantic ancient whale. Perucetus, as they named it, might have weighed over 200 tons, which would make it the heaviest animal that has ever lived. But in a study published Thursday, a pair of scientists have challenged that bold claim. The bones had many hallmarks of whales’ bones. Dr. Urbina and his colleagues reconstructed the full skeleton of Perucetus by studying the much smaller whales that lived at the same time.

Persons: ”, Nicholas Pyenson, Pyenson, Ryosuke, Perucetus, Mario Urbina, Urbina Organizations: Smithsonian National Museum of, University of California, Museum, National University of San Locations: Davis, National University of San Marcos, Lima , Peru, Peru

Core consumer inflation has now stayed above the central bank's 2% target for 14 straight months, casting doubt on its view the recent cost-driven inflation will prove temporary. "As the pass-through of rising costs runs its course, core consumer inflation will peak around summer," said Ryosuke Katagi, market economist at Mizuho Securities. BOJ Governor Kazuo Ueda has stressed the need to keep loose policy until inflation is sustainably around 2% and accompanied by wage hikes. He has also said core consumer inflation will slow back below 2% by September or October, though sustained price rises have put that view into some doubt. In its last projections made in April, the BOJ expected core consumer inflation to hit 1.8% in the current fiscal year ending in March 2024.

Persons: Ryosuke, Stefan Angrick, Kazuo Ueda, Leika Kihara, Takahiko Wada, Jacqueline Wong Organizations: Mizuho Securities, Bank of Japan, Reuters, Moody's, Thomson Locations: TOKYO, Japan's, Tokyo

☆ Why Warren Buffett is so keen on Japan's versions of Berkshire Hathaway
▼ + stars: | 2023-05-05 | by ( Tim Hornyak | ) www.cnbc.com time to read: +9 min

But Warren Buffett added a spark in April when he visited Japan to announce that Berkshire Hathaway boosted its investment in Japanese trading houses to 7.4%. Buffett said the five — Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui, and Sumitomo Corp. — are comparable to Berkshire itself. Samurai roots for Buffett's Japanese stocks The five trading firms that Berkshire has invested in are the biggest of Japan's so-called sogo-shosha, or general trading companies. Today, Japan's trading companies derive most of their revenue from non-trade activities. Shosha: The Big Five Mitsubishi The largest of Japan's trading companies is Mitsubishi Corp. , set up in 1954.

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.

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