FT News Briefing

The economic impact of extreme heat

Jul 31, 2023

Japan’s central bank is loosening bond controls, sparking investor interest amid rising inflation. Meanwhile, China is rolling out targeted economic measures to stimulate growth. The discussion delves into the dire economic impacts of extreme heat on construction and agriculture, emphasizing the urgent need for these industries to adapt. Additionally, concerns about worker safety are raised, highlighting the lack of protections against hazardous temperatures. Strategies to mitigate heat-related risks are also explored.

09:47

Creator website

AI Chapters

Episode notes

Intro

2min

Japan's Economic Shifts and Investment Opportunities

3min

China's Shift Toward Targeted Economic Measures

2min

The Economic Consequences of Rising Temperatures

2min

Protecting Workers from Extreme Heat: Current Measures and Challenges

2min

The Bank of Japan announced that it’s going to allow bonds to rise more freely, and China’s politburo has signalled several target measures meant to boost the country’s economy. Plus, the FT’s Attracta Mooney explains how more frequent heat waves will impact several different industries and the economy as a whole.

Mentioned in this podcast:

Investment flows poised for historic shift after ‘giant leap’ by Bank of Japan

What China’s economic measures mean in practice

How an era of extreme heat is reshaping economies

Unhedged podcast

Unhedged newsletter

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.