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Economic news(2022/07/17)


Kyoto   Hakone

Transportation industry Promotion of decarbonization efforts to expand the use of alternative fuels such as waste oil

2022-07-17 13:12:00
In order to promote decarbonization efforts, there is a growing movement among companies to utilize alternative fuels such as waste oil. Of these, the bus company in Saitama Prefecture is an alternative fuel made from cooking oil used at home, and has started operating buses this month.

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U.S. President Calls on Oil-Producing Leaders to Increase Crude Oil Production Will it be decided at next month's meeting?

2022-07-17 07:17:00
US President Joe Biden, who was visiting Saudi Arabia in the Middle East, called for an increase in crude oil production at a meeting with the leaders of oil-producing countries amid soaring international oil prices. However, the Saudi Arabian side will not respond on the spot, and it is expected that a decision on increasing production will be made at a meeting scheduled to be held next month by major oil-producing countries.

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G20 closing also dysfunctional, unable to make a joint statement again due to conflict between Europe, the United States and Russia

2022-07-17 06:27:00
G20 = The meeting of finance ministers and central bank governors of 20 major countries held discussions for two days until the 16th, but as the conflict between Europe, the United States and Russia deepened, the joint statement could not be compiled again following April. It was. It is dysfunctional in its inability to respond consistently to global economic risks such as inflation and currency depreciation.

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Eurodollar What is the background of "parity cracking" for the first time in 20 years? [Economic column]

2022-07-17 00:30:00
The depreciation of the euro cannot be stopped. In the foreign exchange market on the 13th, the value of the euro fell below the equivalent (parity) of 1 euro = 1 dollar. It is the first time in 20 years that "parity cracking" has occurred. In the background was the economic situation surrounding the euro area, which was completely replaced by Russia's military invasion. (Aya Shinoda, Reporter, Ministry of Economic Affairs)

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Kyoto   Mt.Fuji


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