BUSINESS NEWS

TUPNews has discovered a new financial derivative instrument that is so beautiful I nearly wept when I read about it.

The Japanese have a tradition called hanami, in which people sit under a sakura, or cherry blossom tree, drink beer and reflect on the transience of life. There are festivals based on this pastime, coinciding with the blossoming of the trees. The small hanami industry – festival organisers and tour operators - relies on the cherry blossoms falling at the right time.

TUPNews has just learned that it is possible to trade cherry blossom derivatives.