Core Viewpoint - The U.S. film industry is perceived to be in decline, prompting President Trump to propose a 100% tariff on foreign-produced films to protect domestic production [1][2]. Group 1: Tariff Proposal - President Trump announced a directive to impose a 100% tariff on foreign films, citing the need to protect the U.S. film industry from foreign competition [1]. - The current tariff rate on imported film stock is 0%, and the proposal aims to address the perceived decline in the industry [1]. Group 2: Industry Impact - Trump argues that the decline of the U.S. film industry has devastating effects on many regions, framing it as a national security crisis caused by foreign government collusion [1]. - The proposal may highlight the weakening of Hollywood on a global scale, contrasting with previous U.S. criticisms of other countries' cultural protectionism [2]. Group 3: Digital Content Concerns - There is uncertainty regarding whether the proposed tariffs will apply to digital content, as the World Trade Organization (WTO) members have committed since 1998 not to impose tariffs on digital content [2]. - If the U.S. were to impose tariffs on digital content, it could violate international agreements and face criticism from other nations, potentially affecting U.S. platform companies that benefit from the current tariff-free environment [2].

美国特朗普政府最想通过高关税取得的成果是纠正美元升值——市场上的这种猜测也许暂时会平 息下来。 4月24日，日美财长会谈在美国华盛顿举行。虽然市场对美国财政部长贝森特的态度感到担忧， 但日本财务相加藤胜信透露，美方并没有提出特别的要求。 美国政府刚刚因为高关税冲击而遭到包括美国国债在内的股债汇"三杀"打击。目前，美国最想要 的可能不是让美元走弱，而是美国国债和美元的稳定。 日本财务相加藤胜信（右）与美国财政部长贝森特握手（4月24日，华盛顿，图片由日本财务省提供） 在美国因关税冲击而出现股债汇"三杀"时，名为"海湖庄园协议"的构想正在市场上传播，即让其他 国家把美元储备换为不产生利息的100年期美国国债。然而，中国全面抛售美国国债的风险也并 非为零…… 之所以出现纠正美元升值的猜测，很大程度上是因为"海湖庄园协议"构想在市场上自行传播。 自行传播的"海湖庄园协议"构想 米兰的观点是首先征收惩罚性关税，强行将各国拉到谈判桌前。如果这些国家想要依赖美国的防 卫力量，那就强迫它们抛售外汇储备中的美元资金。为了消除因抛售美国国债而带来的利率上升 压力，（让这些国家）把手头留存的美元储备换为100年期美国国债，使其长期 ...

日经GO 奈良药师寺举办中国画家娄正纲的屏风展 原创 阅读全文 ...

市场的表层价格总是波动不定，有时甚至过度。他曾说："悲观是朋友，陶醉是敌人。"他认为， 只有当市场忽视本源价值时，投资良机才会到来。巴菲特曾在可口可乐、美国运通等股价处于低 值时集中投资，这些最终都成为了巨大资产。 选择能够持续实现高利润率的优质企业并长期持有，从而实现复利效应，使投资收益像滚雪球一 样不断增加。长期的价值投资正是巴菲特投资哲学的核心。 "不了解的事物就不投资"。他曾在2000年IT热潮中未予跟进，当时被认为"神通不再"，但后来IT泡 沫破裂，其独具慧眼再次获得认可。 巴菲特的长期投资取得了巨大成功，自身投资公司的股价在60年间增长至6万倍。正因为如此， 他树立了一个旨在实现健全且可持续发展的美国资本主义的范例。他通过自身实践，证明股票投 资不仅是短线交易工具，更是成为企业所有者、参与企业长期成长的手段。 巴菲特（REUTERS） 著名投资家、被称为"奥马哈的先知"的巴菲特宣布2025年年底将卸任投资公司伯克希尔·哈撒韦的 CEO。他既是美国繁荣的最大体现者，也曾在美国的危机时刻出手相救。他选择退休恰逢特朗普 第二次上台执政。这是否也预示着美国资本主义的某种变质？ 美国著名投资家沃伦·巴菲特于 ...

日本财务相在记者会上发言（5日，意大利米兰） 加藤此前在5月2日的东京电视台节目中表示，有关日本不轻易出售所持美国国债的表态，在日美 协商中"可以作为谈判筹码"。在5月4日于意大利举行的记者会上，他对这一发言解释称："并非是 在谈论出售所持的美国国债。" 据日本财务省透露，截至3月底，日本的外汇储备为1.2725万亿美元（约合185万亿日元）。这些 储备作为汇率干预等用途的资金来源被持有，其中多数证券被认为以美国国债形式运用。 日本财务相加藤胜信就日美关税谈判表示："不认为出售美国国债是日美谈判的手段" 。他对自己 此前关于日本所持美国国债的发言进行了修正…… 日本财务相加藤胜信当地时间5月4日（日本时间5月5日）在意大利米兰举行的记者会上就日美关 税谈判表示："不认为出售美国国债是日美谈判的手段" 。他对自己此前关于日本所持美国国债的 发言进行了修正。 日经中文网 https://cn.nikkei.com 视频号推荐内容： 日本经济新闻（中文版：日经中文网）古林悠夏 米兰 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 ...

Core Viewpoint - Bandai Namco Holdings aims to enhance the Gundam IP, which has annual sales of 140 billion yen, by expanding overseas markets, particularly through a Hollywood live-action film and increasing the number of Gundam model specialty stores in China to three times the current number [1][4]. Group 1: Expansion Strategies - The company is collaborating with Legendary Pictures to produce a live-action Gundam movie in Hollywood, which is expected to boost its recognition in North America [1][3]. - In addition to the live-action film, Bandai Namco plans to self-distribute other film works in North America to promote its brand more effectively [3]. - The company intends to increase the number of Gundam model specialty stores in China from the current seven to a total of 20 by 2027, significantly expanding its retail presence [6]. Group 2: Financial Performance - The Gundam-related annual revenue is projected to reach 148 billion yen for the fiscal year ending March 2025, doubling in the last decade and ranking second only to the Dragon Ball franchise [5]. - The Gundam IP has maintained its longevity due to its high degree of creative freedom, allowing for diverse storytelling and character development [5]. Group 3: Product Development and Challenges - The Gundam model sales have been growing globally, with overseas sales accounting for 50% of total sales, and the product range has expanded to approximately 5,000 types [6]. - A new factory in Shizuoka Prefecture is set to increase production capacity by 35% to meet the rising demand for Gundam models, although challenges remain in ensuring supply meets demand [7]. - The company is also planning to launch a new trading card game that combines figurines and cards, with a global rollout expected after 2026 [6].

Core Viewpoint - The article discusses the increasing trend of Japanese locals distancing themselves from domestic tourist destinations due to the influx of foreign tourists, highlighting a shift in travel behavior within Japan [1] Group 1 - The number of foreign tourists visiting Japan has surged, leading to overcrowding in popular domestic travel spots [1] - Japanese citizens are reportedly feeling uncomfortable with the presence of foreign tourists, prompting them to seek less frequented locations [1] - This shift in behavior indicates a potential change in the domestic tourism market dynamics, as locals prioritize their comfort over traditional tourist hotspots [1] Group 2 - The article notes that certain regions in Japan are experiencing a decline in local visitors as foreign tourism rises, affecting local businesses and tourism strategies [1] - There is a growing sentiment among Japanese people that their cultural and social spaces are being altered by the presence of foreign visitors [1] - The trend may lead to a reevaluation of marketing strategies for domestic tourism, focusing on attracting local visitors while managing foreign tourist influx [1]

Group 1 - The core viewpoint of the article highlights the ongoing challenges in the US-Japan tariff negotiations, with both sides still having significant differences and no consensus in sight [1][2] - Japan's Economic and Fiscal Policy Minister, Akizawa, emphasized that without adjustments to tariffs on specific categories, including automobiles, an agreement cannot be reached [1][2] - The discussions also included cooperation in the semiconductor sector, reflecting the increasing importance of economic security and supply chain stability in light of China's growing technological capabilities [3] Group 2 - The second round of ministerial talks concluded with the US proposing a framework for an agreement focused on reciprocal tariffs, but showing reluctance to lower tariffs on specific categories such as automobiles, steel, and aluminum [3] - Japanese officials expressed disappointment over the US's stance on additional tariffs on auto parts, indicating a need for further progress in negotiations [2] - Preparations for a third round of ministerial talks are underway, with discussions on trade expansion, non-tariff measures, and economic security being prioritized [2][3]

美国国务卿鲁比奥5月1日接受美国媒体采访时表示"美国财政部长贝森特也将参与，相关磋商很快将启 动"，但未透露具体时间。中国承认美方主动接触，并表示"正在进行评估"…… 美国国务卿鲁比奥5月1日在接受美国福克斯新闻（FOX News）采访时表示，预计中美将在近期就关税 问题展开磋商。他表示："美国财政部长贝森特也将参与，相关磋商很快将启动"，但未透露具体时间。 自4月以来，美国已对中国产品累计加征了145%的附加关税。作为反制，中国也对美国商品加征了最高 达125%的关税。尽管美国总统特朗普呼吁中方展开关税谈判，但中国此前未作出回应。 鲁比奥指出："中方已经（与我们）接触，并表示希望会谈。我们方面也已有相关人士参与"。他同时表 示："美国应该成为一个能在本土生产更多商品的国家。这是减少对中国依赖的警钟，我们过去过于依 赖了"。 该媒体分析认为，"美国一定是更着急的一方"，指出背景原因是"特朗普政府面临多重压力，首先就是 经济压力，其次是舆论压力"。 日本经济新闻（中文版：日经中文网）坂口幸裕 华盛顿、盐崎健太郎 北京 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 http ...

资料图 用于高性能磁体的镝和铽的价格在一个月内涨至3倍，均创出历史最高价。中国4月初对7类中重稀土启 动了出口限制措施。一方面，美国已与乌克兰签署资源开发协议，计划展开包括稀土在内的资源开 发…… 中国政府于4月4日宣布，对铽、镝等7种稀土实施出口管制。Argus Media分析："预计这些稀土在管制 发布后几乎立即停止出口"。 稀土即使少量添加，也有望显著提升材料性能，因此广泛用于纯电动汽车和风力发电的电机、航空航天 等高端制造领域，被形容为"工业的维生素"。稀土分为轻稀土和中重稀土，此次被管制的7种属于产量 稀少的中重稀土。这类稀土的开采高度依赖中国，中国在该领域拥有压倒性的存在感。 日本瑞穗银行产业调查部高级分析师佐藤多嘉大指出："这次被限制的稀土，在其他国家实施替代性生 产的难度非常高"。中重稀土价格暴涨直接导致用于纯电动汽车等产品的电机成本上升。东京大学的冈 部彻教授说："若供应受限长期化，电动汽车本身可能面临无法制造的风险"，类似这样的担忧也在浮 现。 版权声明：日本经济新闻社版权所有，未经授权不得转载或部分复制，违者必究。 日经中文网 https://cn.nikkei.com 对于纯电动汽车（ ...