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A former senior Japanese foreign-exchange diplomat said if the yen returns to levels prevailing before the end-July coordinated action, Japan and the United States may intervene again.

2026-08-14

A former senior Japanese foreign-exchange diplomat said if the yen returns to levels prevailing before the end-July coordinated action, Japan and the United States may intervene again.

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2026-08-14

On the 13th the UN said the UN Interim Force in Lebanon (UNIFIL) has continued to monitor incursions into Lebanese airspace and Israeli ground military activity in southern Lebanon. Between the 10th and 12th UNIFIL logged 100 airspace violations invo

On the 13th the UN said the UN Interim Force in Lebanon (UNIFIL) has continued to monitor incursions into Lebanese airspace and Israeli ground military activity in southern Lebanon. Between the 10th and 12th UNIFIL logged 100 airspace violations involving drones and fighter jets and recorded 427 flight tracks, all attributed to the Israeli Defense Forces (IDF). UNIFIL also observed large-scale IDF ground operations within its declared "area of operations", including heavy armor deployments, engineering works, logistics movements, tactical patrols, force concentrations, and instances of tanks and artillery firing.
2026-08-14

On August 13th, the Buffett Index (CSI 300 market capitalization/GDP) fell to 92.59%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond ratio indicator, was 5.26%, fluctuating mainly around 5.2% since July, at the lower end of its fluc

On August 13th, the Buffett Index (CSI 300 market capitalization/GDP) fell to 92.59%; the equity risk premium (ERP) of the CSI 300 Index, a stock-bond ratio indicator, was 5.26%, fluctuating mainly around 5.2% since July, at the lower end of its fluctuation range since October 2024, suggesting that the current advantage of stocks relative to government bond yields is generally limited. -------- Note: 1. The Buffett Index compares the total market capitalization of the stock market to GDP to determine whether the stock market is currently overvalued. Generally, 70-100% is considered a normal valuation, below this range is considered undervalued, and above this range is considered overvalued. 2. The risk premium (ERP) of the CSI 300 Index is mainly compared with the returns of the CSI 300 and the yield of government bonds. Statistics from the past 10 years show that this indicator has a clear inverse relationship with the stock index. Every time the stock market is in the bottom area, the risk premium exceeds 6%. That is, when ERP ≥ 6%, the stock market has investment value, while when ERP ≤ 4%, the stock market is often close to or at a stage high, the investment value is low, and there is even a risk of correction.
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