The infrastructure that enables AI is of course important. But even more importantly, our country must educate a population that is well-versed in the development and the use of AI, ...

Asia Market Update: Asia follows US equities down and USD strengthens as Trump tariff factoring hits; Risk-off hits BTC; Focus on US Jan Core PCE.

Will Fee is a researcher at the Tokyo-based Yuri Group. He is the lead writer of the GxxD series of reports, which explore the intersection between digitalization and green energy in Japan.

Our fair value estimate is JPY 990 per share for Rakuten, which implies an enterprise value/EBITDA ratio of 8.19 times.