Asian

Asian markets edged higher on Monday as Sanae Takaichi’s Liberal Democratic Party (LDP) convincingly won the elections in Japan, providing greater clarity to investors worldwide.

The Japanese stock index, Nikkei 225, rose around 4%. Hong Kong’s Hang Seng jumped 1.76%, Korea’s Kospi rose 4.10%, while China’s SSE Composite Index saw a 1.41% gain.

In Europe, markets were mixed, with the STOXX Europe 600 trading less than 0.1% higher by around midday CET. France’s CAC 40 and the UK’s FTSE 100 fell, while Germany’s DAX was 0.18% higher and Spain’s IBEX 35 saw a 0.44% lift.

All eyes are now on the New York session open, with US futures trending downwards.

As for precious metals, gold is also up around 0.72% — back above $5,000 — while silver is more than 2% higher, at just under $80 per ounce.

The yen strengthened on Monday after Takaichi’s election victory, reversing six consecutive days of losses.

The PM assured the “continuation of responsible and proactive fiscal policies” after the election, although it’s unclear whether she is pursuing a weaker yen policy, highlighting that there are both advantages and disadvantages to a slide in the currency’s value.

Japan’s perceived stability

The first female Prime Minister of Japan, Sanae Takaichi, has regained a substantial amount of support for the LDP, which it had lost in recent elections due to inflation and corruption.

Following her electoral victory, Takaichi announced plans to accelerate the implementation of her campaign pledge to suspend the sales tax on food for two years.

The consequent loss of government revenue from this initiative, paired with high debt, is partially what caused a rout in Japanese bonds last month.

Nevertheless, Japan’s Finance Minister Satsuki Katayama talked down concerns over the country’s debt and the recent currency weakness, which many investors believe could prompt a rise in interest rates.

Katayama suggested utilising foreign exchange reserves to fund national expenditures. Although possible, this approach can be challenging as those reserves are usually only used for currency interventions.

The Japanese Finance Minister also underlined the ongoing collaboration and strong communication between the government and the Bank of Japan.

This assurance, together with the political stability provided by the robust mandate given to Prime Minister Takaichi, seems to have mitigated the markets’ distress — at least for the time being.

US economic reports

This week, investors worldwide are also bracing for major economic data releases in the United States, including reports delayed by the recent partial government shutdown.

The focus will be on the January jobs report on Wednesday and the January consumer price index (CPI) which comes out on Friday.

The delayed payrolls report is expected to show modest gains of roughly 60,000 jobs while the CPI is estimated to show inflation cooling to 2.5%.

Together with the release of these reports, multiple Federal Reserve governors, including Christopher Waller and Stephen Miran, are scheduled to speak throughout the week.

Investors are paying particular attention to the language used by members of the Fed to gauge the new policy line, following the announcement of Jerome Powell’s successor, Kevin Warsh, as the next Federal Reserve Chair.

Warsh is set to take over in May 2026, pending Senate confirmation.

President Donald Trump picked Kevin Warsh as a figure whose public and private track record is likely to reassure the financial markets. Warsh has advocated lower rates and a reduction in the central bank’s balance sheet.

Before hitting the stage, the comedians of the TV series “Jokes with JoySauce” have an on-camera ritual of exchanging immigrant stories about growing up with their families. There is no audience during these moments, just comics being vulnerable with one another.

The tales give insight into the lives they live offstage and their perspectives as Asian Americans that inspire so much of their material. It lets the audience know more about these up-and-coming comedians without the generic stage introductions.

The series is part of the original program curated for JoySauce, available on Amazon Prime. It premiered in early January as part of the first free, ad-supported streaming channel dedicated to highlighting Asian American voices across comedy, film, reality TV and sitcoms.

Season 1 of “Jokes with JoySauce” is currently airing as part of the launching programming for the channel. Director and creator of the series Ana Tuazon Parsons is excited to watch it grow.

Narumi Inatsugu, from left, Cat Ce, Ana Tuazon Parsons and Jonathan Sposato at The Times’ office in El Segundo.

(Allen J. Schaben/Los Angeles Times)

“I’m still definitely going for that underground punk rock, like, let’s-find-some-cool-people kind of thing for Season 2,” Parsons said. “Bigger and better venue, and more budget, more budget, please.”

While Parsons focuses on cultivating new comedic voices, JoySauce wants to create its own opportunities for people in the community by broadening its mission of ownership and representation.

“We won’t really get the full spectrum of the representation that I believe that we deserve unless we own the pipeline and the platforms and the carriers and really the gateways,” Jonathan Sposato, creator of Joysauce, said.

He decided to bring the platform to the masses in 2022 after growing sick and tired of how much hate his community was going through and wanting to fill in a gap in the media. Media representation was also low for Asian American actors, with only 6% of all Asian characters in 100 titles on streaming platforms in 2022 in leading roles, according to a study by USC Annenberg Gold House.

“I do think positivity wins,” Sposato said. “Comedy is a very necessary tool, a necessary ingredient in the overall mix of what we’re trying to offer.”

His goal is to broaden the concept of Asian American culture through storytelling that would display what the U.S. has to offer while staying rooted in Asia.

“A win for JoySauce is a win for anybody who feels underrepresented, who doesn’t feel like they’re considered the normative mainstream,” he said.

At a time when attention is a currency, creating a space that’s focused on elevating AAPI voices will help diversify the media landscape.

“A win for JoySauce is a win for anybody who feels underrepresented, who doesn’t feel like they’re considered the normative mainstream,” JoySauce creator Jonathan Sposato, left, said.

(Allen J. Schaben/Los Angeles Times)

“As a comedian, you cannot complain,” Cat Ce, a comedian whose special “Perfect Chinglish” was licensed by JoySauce, said. “Nowadays, you want it on so many different platforms, you never know which kind of audience you may reach.”

Her work reflects the kind of storytelling JoySauce hopes to amplify. The comedy hour by Ce deals with the cultural differences when dealing with family, friends and romantic relationships as a Chinese American. For Narumi Inatsugu, that universality is the point.

As the chief creative officer of JoySauce, Inatsugu wants to create a space where Asian Americans do not feel outnumbered.

“For so long I thought nobody cared about Asian American stories,” he said.

As a curator of the channel, and host of the upcoming “Chopsticks and Chill,” an interview show where he shares a meal with influential members of the AAPI community, Inatsugu wants to create a platform where the younger generation can see the many opportunities life can offer, regardless of your cultural background.

“It’s community building, it’s letting people know they can be whatever they want, do whatever they want,” he said.

Season 1 of “Jokes with JoySauce” is currently airing and is part of the first free, ad-supported streaming channel dedicated to highlighting Asian American voices across comedy, film, reality TV and sitcoms.

(Allen J. Schaben/Los Angeles Times)

Throughout his years in the entertainment industry and in production meetings, Inatsugu felt like he couldn’t pitch certain stories because they were aimed at his Asian community. He hopes an outlet like JoySauce can create a safe space for creative minds to feel like they can be themselves and not feel outnumbered, the way he once did.

Everything in the details of a show will make people feel welcomed, from the people making it to the food that’s made available for the cast and crew.

During production of the first season of “Jokes with JoySauce,” Parsons made sure every aspect of the production was AAPI, including the food. Her production team made sure to fill the craft table with food that can be found at any Asian market. The sense of belonging is exactly the reason she built “Jokes with JoySauce” and why JoySauce exists.

“When I’d see the comics come up into the greenroom and their faces, it was like ‘Oh, I feel so like they were just reverted to their childhoods,’” she said. “It was just like they felt like they were at home with their families, and it was so important for me, it made me cry a little bit.”