Japan refocuses on semiconductors
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 19 October 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/ad0b0068-1100-49b9-bc88-2055e1936efc
A bitcoin-linked ETF is on track to debut on the New York Stock Exchange on Tuesday, marking the first time regular investors will be able to gain exposure to cryptocurrencies through a big Wall Street bourse; China’s hypersonic missile test stuns the US military and intelligence community; and the FT’s Tokyo bureau chief, Kana Inagaki, spoke to Japan’s minister for economic security about the country’s new semiconductor strategy.
Bitcoin exchange traded funds prepare for US debut
https://www.ft.com/content/d7601039-e98e-47c8-97af-79f96c2c3d94
China tests new space capability with hypersonic missile
https://www.ft.com/content/ba0a3cde-719b-4040-93cb-a486e1f843fb
Japan plans long-term strategy to build semiconductor resilience
https://www.ft.com/content/f59173b6-211c-4446-aa57-5c9b78d602c2
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Tuesday, October 19th. |
| 0:04.0 | And this is your FT News Briefing. |
| 0:08.0 | Japan doesn't want to be outmatched by high tech competitors, |
| 0:12.0 | so it's refocusing its semiconductor prowess. |
| 0:15.0 | And China's hypersonic missile test has rattled the US. |
| 0:20.0 | The Chinese are becoming very, very technologically advanced |
| 0:23.0 | on the gap between the US and China is shrinking |
| 0:27.0 | and in some cases China may even get a little bit ahead. |
| 0:30.0 | But first, Bitcoin could be coming to a broker near you. |
| 0:34.0 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:40.0 | Today, on the New York Stock Exchange, |
| 0:42.0 | we'll see the first listing of an exchange-traded fund linked to Bitcoin. |
| 0:47.0 | ETFs are funds that track an index or some other asset. |
| 0:51.0 | And today's listing is expected to be the first of many ETFs linked to cryptocurrency. |
| 0:56.0 | Steve Johnson covers ETFs for the financial times. |
| 1:00.0 | I think the key thing here is this potentially opens the market up to a lot more investors. |
| 1:04.0 | At the moment, cryptocurrency has been largely brought by younger and more tech savvy investors |
| 1:10.0 | who are comfortable with the technology involved, comfortable with maybe the risk involved. |
| 1:15.0 | This launch brings the accessibility of Bitcoin into a regulated structure. |
| 1:20.0 | For the first time, investors in their 401Ks and their IRAs |
| 1:24.0 | will be able to have an allocation to it to Bitcoin, at least via the futures market. |
| 1:29.0 | And it will be available, these ETFs will be available via brokerage account |
... |
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