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Editor's take: The week that was—May 20-25

Editor's take: The week that was—May 20-25

You are reading the web version of The Week That Was, a Sunday newsletter in which our editors recap the most significant developments from the past seven days. You can subscribe to it by filling out your email address below

China’s loss seems to be Japan’s gain. The East Asian country is fast gaining ground as a private equity hotspot in Asia Pacific, as rising China-US geopolitical tensions prompt skittish investors to reconsider their market allocations.