TikTok Table Talk - DTNS 4524
Daily Tech News Show
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The Japanese Yen Is Under Pressure From Netflix and Disney
Japanese viewers spent about 4.8 trillion yen or 34.7 billion dollars on streaming last year, which Barclays estimates makes up 90% of Japan's services account deficit. Netflix and Disney have both increased the amount of Japanese and East Asian content in their libraries over the past several years. But it's still notable that Netflix's subscriptions sent enough money out of the country to affect the currency.
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