Russia Turns to Bitcoin: A Sanction-Evasion Strategy；Japan's Nuclear Comeback: Powering Up for a Gre

Welcome to our show, "The World Brief"! Today, we dive into some intriguing global headlines. First up, Russia is reportedly using bitcoin to sidestep Western sanctions, with Finance Minister Anton Siluanov confirming that approved Russian companies can now engage in international trade using cryptocurrency. This move comes as Russia struggles with international payments, even with non-dollar allies like China. The acceptance of bitcoin for payments by other nations remains a question mark, adding an interesting twist to the story.

Next, we turn our attention to Japan, where the government is making waves with a bold new energy policy. Aiming to increase nuclear power from 8.5% to 20% by 2040, Japan is also pushing for renewable energy to reach 40-50%. This shift is a significant reversal from the post-Fukushima phaseout policy, driven by rising electricity demands from AI and semiconductor industries. However, the plan faces challenges, particularly in meeting safety standards and ambitious targets.

Lastly, we look at China's housing market, where rents have plummeted to a four-year low amid oversupply and a struggling job market. Major cities like Shanghai and Beijing are experiencing significant rent reductions, putting pressure on property owners. Despite government efforts to stabilize the real estate market, experts warn that addressing the economic issues faced by young people is crucial for recovery. Please stay tuned for more detailed coverage!

#China #AsiaPacific #EastAsia #Asian #LiKeqiang

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