Japan's Forsaken Homes Restored to Old Styles
Nov. 20 (Bloomberg) -- Real estate developers and entrepreneurs have been rediscovering the value of Japan's ancient homes, whose restorations are delivering investment returns of as high as 80 percent. The so-called machiya also are providing a source of tourism revenue to Japan's shrinking villages as investors seek new ways to draw visitors. Bloomberg's Kathleen Chu reports. (Source: Bloomberg)
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23:14 - Saudi Arabia's fiscal stresses are driving speculation the kingdom may change the riyal's peg to the dollar. The Saudi Arabian Monetary Authority maintains the spot exchange rate of the riyal at 3.75 to the dollar, which means future expectations of its value must be examined through the forwards or options market. Societe Generale Economist Strategist Xavier Denis discusses with Bloomberg's Manus Cranny and Rishaad Salamat on "Bloomberg Markets Middle East."