Daily brief
Japan on July 13 saw Mitsubishi UFJ Financial Group (MUFG) become the country's most valuable firm by market capitalization for the first time, as the banking stock index tripled.
The yen fell on reports that Japan has no plans to change the asset allocation of the Government Pension Investment Fund (GPIF), raising doubts among foreign money managers.
Escalation in the Gulf weighed on Asian markets, with oil prices rising and the dollar wavering amid renewed Iran attacks.
Seven & i Holdings, the owner of 7-Eleven, dropped its go-it-alone strategy with a deal with SoftBank.
Japan took a major step toward reusable rockets, while Osaka's incinerators reached capacity, prompting the city to seek help from other municipalities.
by WorldBrief & Maksim Micheliov | AI-generated summary