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Kavan Choksi: Will Japan's Tourism Sector Recover in 2023?

Kavan Choksi on Japan's Relaxed Policies for Foreign Tourists Tourism is one of Japan's strongest industries. Millions of foreign travelers flock to the country to explore its cultural heritage and futuristic cities. According to Kavan Choksi, the lockdowns from 2020 have affected global tourism greatly. While Japan reopened to travelers in 2022, strict requirements have brought fewer travelers compared to its pre-pandemic figures. The Prime Minister has announced the end of stringent travel measures that started in October 2022. With this, the industry expects the effects of "revenge travel" from people worldwide. This move aims to help the tourism industry and many parts of the economy. Easing border restrictions also means more investors can come into the country. As the industry reopens, many citizens will again find work opportunities. Workers in the tourism, hospitality, and food industries might experience a surge in customers. A boost in tourism means a boo
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Kavan Choksi: A Quick-Start to Cryptocurrency

Kavan Choksi Simplifies Cryptocurrency for Beginners Cryptocurrency is a digital or virtual currency. It can be used to buy, trade, and sell assets like a traditional currency. It's essential for people to start including cryptocurrency in their daily life, as learning about this financial technology will be beneficial in the long run. In this blog post, Kavan Choksi shares a quick guide to cryptocurrency. Image source: pexels.com An individual must be interested in cryptocurrency to understand it fully. There are thousands of cryptocurrencies available in the market, and each differs from the others. Kavan Choksi recommends reading about their various functions and uses. Understanding the pros as well as the cons is essential before investing. Beginner investors have the tendency to look to the past, but they must set their focus on what their investment will look like in the future. This behavior will set them up for success. Once an individual has a firm grasp of cryptocurre

Why is Japan investing in Africa?

Prime Minister Fumio Kishida has confirmed that Japan has pledged $30 billion (4 trillion yen) for Africa in the next three years. The announcement was made in August during the 8th Tokyo International Conference on African Development. Kavan Choksi says that this investment shows Japan's acknowledgment of the potential in Africa when it comes to various industries. Image source: Unsplash.com  Japan's financial investment will concentrate on human resources development and growth efficiency to create a resilient and sustainable Africa while addressing various issues that the African people confront daily. In his speech, Prime Minister Kishida highlighted Japan's support for young African entrepreneurs' ventures and its three-year commitment to educating and training 300,000 Africans in business, medical services and healthcare, education, and agriculture. Before the conference, the Prime Minister met online with several African leaders to discuss his concept of a &quo

Kavan Choksi on the Agricultural Problem of Japan

  Japan boasted a robust agricultural market during the imperial period. It had vast fields of crops and livestock, which traders distributed to local merchants nationwide. After the war, Japan shifted its focus to industrial developments. Image source: https://pxhere.com/ Although the industrial revolution paved the way for Japan's advanced technologies, Kavan Choksi shares that it also crippled the agricultural sector. As decades passed, Japan began importing more food resources. Statistics show that the country's self-sufficiency ratio plummeted to 37% in 2020. Japan's Weakening Agricultural Sectors Japan's agricultural sectors started declining in the 1960s. The Agricultural Basic Law passed in 1961 incentivized farmers to work full time with tax breaks and government subsidies. However, the problem is that most farmers worked part-time. They usually just worked on the weekends or after work, so the reformed laws didn't yield many benefits. The Rapidly Agin

Kavan Choksi Shares Tips For Maximizing Crypto Investments

Photo by Worldspectrum Cryptocurrency investment has increased significantly in the last five years, with 14 percent of Americans now holding digital assets in their portfolios. In this post, Kavan Choksi explores some effective ways to get started as a new crypto investor: Diversification Kavan Choksi suggests investing in a variety of crypto assets as one of the simplest methods to decrease risk and, in some situations, help enhance profits. The aim is to spread your investments out so that losses are averaged out if the market falls. A common technique is to invest in a variety of cryptocurrencies so that you can profit when one of the numerous industries sees a rise. However, Kavan Choksi notes that while diversity may reduce risk and loss, it can also lower your return on investment. Copy Trading Copy trading is a type of investment trading in which you copy the trades of a professional investor, as the name implies. First, you need to choose a trader to follow based on th

Kavan Choksi on High Food Prices

With stock market crashes and rapidly-rising oil prices, the repercussions of the Ukraine-Russia conflict have been felt across the world. However, these markets are not alone in feeling the adverse effects of the conflict. This year, food prices have reached new highs as friction reduces major wheat and fertilizer shipments from these nations, while droughts, floods, and heat exacerbated by climate change destroy more harvests.   According to the IPES, wheat prices reached a 14-year high in March, while corn prices reached their highest level ever. Additionally, for families in many countries, particularly the poorest, necessities have become more expensive, making matters even more difficult for those already budgeting carefully.   According to IPES, climate change, pervasive poverty, and international conflicts generate "endemic and widespread concerns" about global food security. Kavan Choksi believes it implies that increased food costs may become the new normal

Kavan Choksi: The BOJ on Inflation Clouding over Japan’s Recovery

The BOJ's steadfast adherence to its zero-rate policy is at odds with global central banks tightening monetary policy, informs Kavan Choksi. As a result, inflation in Japan is likely to creep toward the central bank's 2% target. The yen has dropped to two-decade lows versus the dollar, widening the interest rate differential between the US and Japan. Some politicians fear that additional yen depreciation could harm the economy by raising import costs. However, with inflation low relative to other countries and the economy still weak, the BOJ is unlikely to raise borrowing costs or change its commitment to hold rates at current or lower levels, according to sources familiar with the bank's thinking. Last month, BOJ Governor Haruhiko Kuroda said, "The output gap in Japan is negative, and there is still a long way to attain the 2 percent target stably." "In the current situation, the bank's job is crystal clear: maintaining the existing monetary easing