Spotlight Japan now comes by email every Wednesday as part of ESG on a Sunday. You are receiving it because you subscribe to ESG on a Sunday; you can switch it off per section in your account settings. The archive of earlier editions is at esgonasunday.substack.com/s/spotlight-japan. COP31 opened in Antalya on Monday with an argument about money, a host expanding a lignite mine by decree, and a Japanese pavilion full of technology but no prime minister. In Tokyo, the Nikkei lost more than 7,000 points in five sessions and closed Friday in a bear market, 21% below its June record. SoftBank posted its first loss in two years, including a '597 billion charge on power equipment for American data centres, and China blocked its $5.4 billion robotics deal. In the same week Japanese wages grew at the fastest pace since 1997, Toyota and Nippon Steel raised their forecasts, and the industry ministry finally put Chubu Electric under a business improvement order. Here is how I see it. Last week...
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