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Japan's housing industry is facing the reality that it is possible to have "too much of a good thing." That's because while America's real estate industry is wrestling with a lack of availability that has caused a housing crisis, Japan has a housing crisis for the exact opposite reason. It's an oversupply of properties, not a lack of inventory, roiling Japan's housing market. According to Japan's Ministry of Internal Affairs and Communications, nearly 9,000,000 vacant properties exist in Japan.

Last week, Russian President Vladimir Putin signed a decree that would allow Russia to claim U.S. assets in retaliation for any Russian assets confiscated in the U.S. This move comes as Group of Seven (G7) nations continue to negotiate how to leverage around $300 billion worth of sovereign Russian assets frozen in the West to aid Ukraine in its defense against Russia’s unprovoked invasion. The decree, which was signed as G7 finance ministers were beginning a meeting in Italy to discuss the froze

The financial markets, which ended mostly higher in 2023, saw an acceleration in momentum toward the year-end and the strength has continued in the new year.