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Japanese PM Shinzo Abe to resign for health reasons

Japanese Prime Minister Shinzo Abe said Friday that he will resign once a new leader of his party is elected due to ongoing health issues with ulcerative colitis, per the AP.

Why it matters: Abe, who many thought might retire when his term ended in 2021, has been a key international ally of President Trump and a steady hand at the top of Japanese politics for a long time. The country had been known for its frequent prime ministerial turnover, but Abe has been in power since 2012 — following a short stint from 2006 to 2007.

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Consumer prices jumped 4.2% in April compared to last year

The latest gauge on inflation released Wednesday morning showed that prices rose 4.2% over last year, based on the Consumer Price Index (CPI).

Why it matters: The gains were highest since September 2008. Prices jumped significantly compared to the start of the pandemic last year, when lockdowns drove down demand.

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The NFT phenomenon: How to exhibit digital artwork worth millions

Would you like to exhibit an artwork worth $69 million in your own home? It's easier than you might think.

  • First: Download the 21,069 x 21,069 jpeg from Makersplace here. It's a highly complex artwork by Beeple, and it was just sold at Christie's for the third-highest amount that any living artist has ever fetched at auction.
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