Cash-Strapped Japanese Monks Turn to Investing as Inflation Worsens

(Bloomberg) -- Koukyo Yoneta, a fifth-generation Buddhist priest in a small town in Hokkaido, was struggling to keep up with the maintenance needs of his century-old temple, so he chose a path that would have been unthinkable for his predecessors — rather than wait for his congregation to give money they don't have, he invested what they'd already donated. Most Read from Bloomberg US 10-Year Yield Rises to Highest Since 2007 as Fed Looms Trump Jr.'s Wife Says Russian Paid for Parties But Not Wedding Apple Just Launched Its New iPhones. Here Are 16 More Products Coming Soon MBS and Saudi Arabia Face Crisis With Key Oil Pipeline Shut for Weeks Google DeepMind Staffer Says AI May 'Kill Us All' in Exit Post The move paid off.