The oxymoronic economy of Japan is baffling: undervalued currency, yet undoubtedly strong. According to financial analyst Peter Tasker, the Japanese yen is significantly undervalued and is due for a major revaluation. Tasker, however, praises Japan’s strong economy, low debt levels, and massive trade surplus as evidence of the yen’s true value, which he believes is much higher than its current exchange rate suggests. Tasker argues that it is only a matter of time before the yen rises to its true value, leading to significant changes in the global currency market. Read full article here
Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here
Merv
January 27, 2023
