newsflow
The price of things vs the price of money
The yen closed at ¥164, its weakest since 1986 — a condition that flatters every yen margin, not a catalyst. The real movers were capital and governance: an activist at 5.10% of Yamada mid-merger, a 7-Eleven US leadership change before its IPO, Kobe Bussan reaccelerating, Nichirei ransomwared.