FT News Briefing Matcha mania strains Japan
100 snips
Oct 17, 2025 US regional banks are feeling the heat after fraud disclosures trigger a drop in shares. Meanwhile, the UK economy shows only a slight growth of 0.1% in August, facing structural hurdles. On the flip side, Japan is grappling with matcha mania, struggling to meet skyrocketing global demand. With tourists flocking to experience premium matcha, producers are converting fields and looking for mechanization to boost supply. However, aging farmers and potential competition from China could complicate long-term production.
AI Snips
Chapters
Transcript
Episode notes
Regional Banks Under Credit Strain
- U.S. regional bank shares fell sharply after two lenders disclosed exposure to alleged borrower fraud.
- The KBW Regional Banking Index dropped about 6%, highlighting fragility in regional loan portfolios.
UK Growth Is Stagnating
- The UK economy grew just 0.1% in August, confirming a near-flatlining trend.
- That weak growth reinforces the view Britain will only limp along through 2025.
Prepare For Growth‑Focused Budget Moves
- Rachel Reeves is preparing policy moves to justify higher taxation ahead of the November budget.
- Expect reforms like aggressive planning changes, new rail projects, and skills training to sell a growth narrative.