This has been one of my favorite posters, showing in less than 1/10th of a megapixel how Japanese families were encouraged to immigrate to Brazil around 1925 or so. I’ve shown it before, but found it worth re-sharing here.
The Brazilian Real was still a popular currency in the Japanese Uridashi (foreign currency bonds publicly offered in Japan) market for their yield and familiarity with the size and growth of its economy. I haven’t followed how Japanese interest has fared during this year’s EM bear market, but expect the broader ties between Asia and Latin America will continue to grow in ways often underestimated by those focusing solely on US-China or Euro-China.
Chile and Peru are actually the South American countries in APEC, and many of the Japanese Brazilians I’ve met had ancestors coming through Peru, but “Japanese-Chilean” and “Japanese-Peruvian” still doesn’t have the same roll (in English at least) as “Japanese Brazilian”.