A Reddit-inspired bar in Tokyo caters to newbie investors where seasoned traders offer hot stock tips – and customers can try drinks like the ‘Margin Call’ and ‘Lehman Shock’

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  • An investing influencer has opened a bar that’s popular for stock-trading tips in Tokyo.
  • Many experienced traders visit, offering investment advice to those looking to grow their money.
  • It offers unique investing-themed drinks like the “Margin Call,” the “Lehman Shock,” and “Abenomics.”
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

Tokyo now has a Reddit-inspired bar where seasoned traders provide newbie investors with trading tips, Bloomberg reported.

An investing influencer, who goes by the name Satoshi Uehara on Twitter, opened “Stock Pickers” in early March after a crowd-funding campaign raked in more than $50,000, or about six times the target.

The bar’s PR manager, Riki Yamauchi, told Bloomberg many novice investors visit the bar to meet Uehara and other experienced traders to gain an understanding of investing and stock valuations.

“People’s mentality is changing — you really have to think about how to structure your wealth,” Yamauchi, who is a financial professional himself, said. He said many youngsters have become more open to investing after Japan’s economy saw 30 years of near-stagnation.

Millions of retail investors accounted for a large part of stock-market activity during the pandemic, when people were stuck at home and began exploring easy-to-navigate online trading platforms.

At the bar, there are books on value investing and advice from legendary investor Warren Buffett. A model cannon used to symbolize the central bank’s asset-buying capacity can be found in one part of the bar, where a sign states: “Don’t fight the NIPPON GINKO (the Bank of Japan).”

Customers can also order investing-themed drinks, according to Bloomberg. The “Margin Call” – made with vodka, grenadine, and Campari – is said to have a biting taste meant to stir up bitter feelings traders may experience when summoned with the brokerage demand. The “Lehman Shock” is a punchy drink named after the investment bank at the centre of the global financial crisis. The “Abenomics” – made with cherry blossom syrup and grapefruit juice – is said to be less heavy than investors would hope.

“Stock Pickers” is not just popular among the newbie investors. It’s also had many visits from institutional investors. That may be because of Reddit and GameStop, according to Yamauchi. “People really care about what retail is thinking,” he said.

The bar opened when Tokyo was still in a state of COVID-19 emergency, but is able to function under shortened operating hours.

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Overseas spectators will be barred from the Tokyo Olympics due to the COVID-19 pandemic, organizers say

Olympics
Concerns had been raised about COVID-19 safety measures before organizers made the announcement.

  • Spectators from overseas will not be able to attend this year’s Olympics.
  • Organizers made the major concession to allow the event to take place.
  • The games are due to commence in July after being rescheduled last year.

Overseas spectators will be barred from attending the summer Olympics in Japan, the organizing committee confirmed on Saturday, according to multiple reports.

The Tokyo event, which is due to commence in July, was originally scheduled for 2020 but postponed due to the COVID-19 outbreak.

Concerns over safety measures have been raised over the past months, given that the pandemic is not yet over.

Some Japanese outlets had anticipated the decision to ban international fans – made by the International Olympic Committee, the International Paralympic Committee and the national and local governments in Japan – for some time.

Refunds will be offered to those who have already bought tickets. Tokyo Organising Committee CEO, Toshiro Muto, confirmed that around 600,000 Olympic tickets and around 30,000 Paralympic tickets will need to be compensated, Sky News reported.

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The Tokyo 2020 Olympics may cost more than $26 billion – and the estimate keeps rising

  • The cost to put on the 2020 Summer Olympics in Tokyo is estimated at more than $26 billion.
  • Postponing the games for one year added another $2.8 billion to the estimated total.
  • The Japanese public is largely opposed to holding the games, and there’s still a chance they will be canceled.
  • Visit the Business section of Insider for more stories.

Tokyo’s 2020 Olympics are already the most expensive summer games ever.

And that’s before the games have even taken place.

The Japanese public is largely against holding the Olympics, and there’s no guarantee they will happen at all. Now, the City of Tokyo, the International Olympic Committee, and athletes themselves are bleeding cash to keep the dream alive.

Watch the story on Business Insider Today »

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