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Economic news(2022/08/03)


Kyoto   Hakone

OPEC and OPEC Plus decide to slightly increase crude oil production in September

2022-08-03 22:12:00
Saudi Arabia-led OPEC (Organization of the Petroleum Exporting Countries) and "OPEC Plus" formed by major oil-producing countries such as Russia have decided to slightly increase crude oil production to 100,000 barrels per day next month. . President Biden of the United States visited the Middle East last month and worked to increase crude oil production, but the oil-producing countries showed minimal consideration. However, compared to last month's and this month's increase in production of more than 640,000 barrels per day, it remains small, and it is unclear whether it will lead to a decline in crude oil prices.

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Ministry of Internal Affairs and Communications to consider introduction of "roaming" in communication failure

2022-08-03 20:56:00
On the 3rd, the Ministry of Internal Affairs and Communications gave administrative guidance to KDDI, which caused a large-scale communication failure last month, to prevent recurrence. Next month, we will begin concrete considerations toward the introduction of "roaming," which will allow us to use the networks of other companies in the event of a failure.

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Nippon Yusen Posts Extraordinary Loss of 17.8 Billion Yen on "Sakhalin 2"

2022-08-03 20:39:00
Nippon Yusen posted an extraordinary loss of 17.8 billion yen for the three-month period ending June 2019, citing that the environment surrounding the transportation business of the Far East resource development project "Sakhalin 2" became uncertain due to the military invasion of Russia. announced that it did.

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Yen exchange rate Temporary drop of 3 yen or more

2022-08-03 20:08:00
In the Tokyo foreign exchange market on the 3rd, the recent trend of rapid appreciation of the yen reversed, and the yen exchange rate temporarily fell by more than 3 yen to the upper 133 yen level to the dollar.

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Nintendo's April-June financial results record high final profit due to weak yen

2022-08-03 18:31:00
Nintendo's financial results for the three months from April to June this year saw the final profit reach a record high for this period, as the depreciation of the yen pushed up profits.

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Administrative guidance in the name of the minister for the first time in a communication failure Instruction to prevent recurrence to KDDI Ministry of Internal Affairs and Communications

2022-08-03 17:31:00
On the 3rd, the Ministry of Internal Affairs and Communications gave administrative guidance to KDDI, which caused a large-scale communication failure in July, to prevent recurrence. For the first time, administrative guidance was given in the name of a minister for communication failures, citing serious impacts on socio-economic activities.

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Stock price rises Yen depreciation against dollar Buy orders for export-related stocks

2022-08-03 16:13:00
Due to the depreciation of the yen against the dollar on the Tokyo stock market and the foreign exchange market on the 3rd, buy orders were placed on export-related stocks and the Nikkei Stock Average rose.

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Administrative guidance to KDDI to prevent recurrence of large-scale communication failure Ministry of Internal Affairs and Communications

2022-08-03 16:07:00
In response to KDDI's large-scale communication failure last month, the Ministry of Internal Affairs and Communications issued administrative guidance to the company on the 3rd to instruct the company to prevent recurrence. Until now, administrative guidance on communication failures has been given in the name of the bureau chief, but the Ministry of Internal Affairs and Communications has given it for the first time in the name of the minister, citing the serious impact it has had on socioeconomic activities. After that, I asked them to report the implementation status of the recurrence prevention measures by November 10.

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Gasoline price nationwide average of 169.9 yen, still high despite falling for 5 consecutive weeks

2022-08-03 15:35:00
The nationwide average retail price of regular gasoline this week was 169.9 yen per liter, falling for the fifth straight week, but still at a high level.

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Yen exchange rate Temporarily drops more than 3 yen but moves to buy back due to concerns about US-China conflict

2022-08-03 14:22:00
In the Tokyo foreign exchange market on the 3rd, the yen temporarily fell by more than 3 yen, but following the talks between U.S. House Speaker Nancy Pelosi and Taiwanese President Tsai Ing-wen, there were moves to buy back the yen due to concerns over the US-China conflict. It has come out.

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Hino Motors data fraud for 20 years Ministry of Land, Infrastructure, Transport and Tourism on-site inspection

2022-08-03 14:15:00
The Ministry of Land, Infrastructure, Transport and Tourism has started an on-site inspection of the company's head office on the 3rd, in response to the fact that Hino Motors has been submitting fraudulent data such as exhaust gas to the government for about 20 years. We will verify the facts of the investigation report submitted by the company on the 2nd and take strict measures.

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stock price rise

2022-08-03 12:48:00
Tokyo stock market on the 3rd, stock prices are rising.

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Acceleration of depreciation of the yen against the dollar Price drop of more than 3 yen to the upper half of the 133 yen level Yen selling intensifies

2022-08-03 11:35:00
In the Tokyo foreign exchange market on the 3rd, the depreciation of the yen against the dollar accelerated, with the yen depreciating by more than 3 yen and trading in the upper 133 yen range to the dollar.

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Yen falls in NY exchange market, wary of US-China conflict and unstable price movement

2022-08-03 09:10:00
In the New York foreign exchange market on the 2nd, the arrival of U.S. House Speaker Nancy Pelosi in Taiwan was seen as a reassuring factor, and the dollar was bought back due to fears of an interest rate hike. Prices have fallen to the first half of the yen, making price movements unstable against the backdrop of concerns over the US-China conflict.

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Hino Motors data fraud Order suspension at shipping destination Spreading impact

2022-08-03 07:48:00
It has been revealed that Hino Motors has been submitting fraudulent data such as exhaust gas to the government for about 20 years. In response to the fraud problem, the impact of the construction machinery maker that received the engine supply is spreading, such as suspending new orders.

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