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Economic news(2021/11/16)


Kyoto   Hakone

Review of support system for BOJ regional financial institutions Set upper limit for each financial institution

2021-11-16 20:38:00
The Bank of Japan has decided to review some of the support systems it has set up to strengthen the management base of regional financial institutions. Since the amount of support is expected to increase significantly from the initial assumption, we will set a new upper limit for each financial institution to prevent the amount of support from swelling.

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Subsidies for yuan sales when gasoline prices soar to stop retail prices from rising

2021-11-16 19:42:00
Amid soaring crude oil prices, Minister of Economy, Trade and Industry Hagita has urgently provided subsidies to oil wholesalers when the average price of regular gasoline exceeds a certain price to curb the rise in retail prices of gasoline and kerosene. It has announced that it will incorporate the measures into the new economic measures that will be decided on the 19th of this month.

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Balmuda In-house developed smartphone sales Dare to feature a small screen

2021-11-16 18:42:00
While Apple's "iPhone" occupies nearly half of the domestic smartphone market share, smartphones developed in-house by an emerging home appliance maker in Tokyo will be on sale from this month. As the number of terminals with large screens increases, it features a unique design such as making the screen smaller so that it is easier to hold, and the focus is on grasping the needs of users.

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Yen exchange rate drops slightly

2021-11-16 18:21:00
In the Tokyo foreign exchange market on the 16th, the yen exchange rate fell slightly against the dollar.

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Subsidy for petroleum products as a measure against soaring gasoline prices 1 liter over 170 yen

2021-11-16 18:17:00
As the price of crude oil soars, Minister of Economy, Trade and Industry Hagita will provide a subsidy to the oil wholesaler if the price of regular gasoline exceeds a certain level as a new economic measure to be decided on the 19th of this month. The company has announced a policy to incorporate new measures to curb the rise in retail prices of kerosene and other products.

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Assuming over 170 yen per liter to subsidize the original sale as a measure against high crude oil prices by the government

2021-11-16 17:09:00
As crude oil prices soar, the government will raise retail prices by subsidizing oil wholesalers if regular gasoline prices exceed a certain level, as a new economic measure decided on 19th this month. We have decided to incorporate new measures to curb the price. Specifically, if the national average retail price of regular gasoline exceeds a certain level, we will subsidize oil wholesale companies up to 5 yen per liter. The government assumes that the average price of regular gasoline will exceed 170 yen per liter. This will prevent oil wholesale companies from passing on the rise in crude oil prices to wholesale prices, and aims to stop the rise in retail prices at gas stations and other places. Regarding measures against high crude oil prices, Minister of Economy, Trade and Industry Hagiuda has expressed his intention to take prompt measures by utilizing the reserve fund of this year's budget so that the people can feel secure toward the end of the year. rice field.

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Stock price small price movement Development lacking a sense of direction

2021-11-16 15:53:00
In the Tokyo stock market on the 16th, the stock price moved slightly, and the development lacked a sense of direction.

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Soaring gasoline taxation will continue to affect industry support Chief Cabinet Secretary

2021-11-16 15:15:00
Chief Cabinet Secretary Matsuno will continue the current measures to tax gasoline prices in addition to the original tax rate, while the new economic measures decided this week will include support measures for industries affected by the price increase. I emphasized.

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Motivation for early resolution of additional tariffs on steel products by rice Minister of Economy, Trade and Industry Hagita

2021-11-16 14:16:00
Minister of Economy, Trade and Industry Hagiuda said that the two countries had agreed to start talks for a solution on the 15th over additional tariffs on Japanese steel products, etc., which were invoked by the former Trump administration in the United States. "I want to get results in the shortest possible time," and expressed motivation for an early solution.

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Kobayashi Economic Security Minister to support the development of next-generation batteries Essential for decarbonization

2021-11-16 13:40:00
Regarding storage batteries required for power generation using renewable energy, Minister of Economic Security Kobayashi said that the development competition in each country is fierce and that it is an important field for economic security in Japan as well. He expressed his intention to urgently support the development of generation batteries.

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President Biden signs and enacts 110 trillion yen "infrastructure investment bill"

2021-11-16 07:16:00
President Biden of the United States has signed an infrastructure investment bill totaling 110 trillion yen to improve roads and bridges, and one of the government's flagship policies for aggressive fiscal policy has finally been passed.

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Execution plan for the revival of the semiconductor industry Establishing next-generation technology in the latter half of the 2020s

2021-11-16 06:38:00
The execution plan of the Ministry of Economy, Trade and Industry aiming at the revival of the semiconductor industry has been finalized and announced on the 15th. In addition to attracting cutting-edge factories, Japan and the United States will strengthen cooperation in the future, aiming to establish next-generation technologies that will greatly improve the performance of semiconductors in the latter half of the 2020s.

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Kyoto   Mt.Fuji


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