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Deep Dive

Can Japan save the yen?

7 July4 min read

Today we're looking at one of Japan's historic foes. It's big, destructive, and the authorities are unable to stop its advance. We're talking of course, about Godzilla the weak yen.

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Latest news
  1. 01

    DR CONGO

    Cobalt clampdown.

    With its July 5 deadline expired, Kinshasa is now moving to reassign unused cobalt export quotas to a new state-run entity, though there’s some doubt on next steps — major exporters like Glencore and CMOC argue a government glitch forced them to miss the cut-off. (BI Africa)

  2. 02

    INDONESIA

    Modi mode.

    Prime Minister Modi has touched down in Jakarta for the first leg of his latest Indo-Pacific tour that’ll also include Australia and New Zealand. (Times of India)

  3. 03

    HUNGARY

    We’re so back.

    The new government has issued its first eurobond since the centre-right Péter Magyar’s landslide win over the right-populist Viktor Orbán in April. (Bloomberg $)

  4. 04

    NIGERIA

    Best of both worlds.

    Nigeria has become an associate member of the International Energy Agency (IEA), becoming Africa’s first oil-producer (and the first OPEC cartel member) to join the Paris-based club. (Pulse of Africa)

  5. 05

    ISRAEL

    Propaganda or progress?

    Israel is dismissing as a propaganda stunt a Hamas announcement that the group is dissolving its de-facto government in Gaza after nearly 20 years in power, transferring civilian authority to a US-backed technocratic committee. (Reuters)

  6. 06

    CUBA

    Another blackout.

    The administration in Havana has again accused the US of genocide after the island’s electricity grid suffered its third complete collapse in six months, leaving 11 million people without power. Havana blames the ongoing US energy blockade, while DC continues to attribute blame to Cuba’s failed economic system. (ABC)

  7. 07

    CANADA

    New subs, eh?

    Putting an end to long-running speculation, Prime Minister Carney has announced Germany’s TKMS will build Canada’s new fleet of ~12 conventionally-powered subs, beating out Korea’s Hanwha. The joint German-Norwegian design is Arctic-capable, and comes with big promises of Canadian jobs and industry benefits. (CBC)

  8. 08

    FRANCE

    Waiting on a verdict.

    A Paris court will shortly hand down its verdict on embezzlement charges against populist-right leader Marine Le Pen, impacting her eligibility to run in next year’s presidential elections. Meanwhile, President Macron’s visit to Syria has coincided with unidentified explosions in the capital city of Damascus. (France24)

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