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Economic news(2022/08/04)


Kyoto   Hakone

British central bank raises policy interest rate by 0.5% to 1.75% for the first time in 27 and a half years

2022-08-04 22:50:00
British central bank The Bank of England announced on the 4th that it raised the policy rate by 0.5% to 1.75%. This is the sixth consecutive rate hike, and the 0.5 percentage point hike is the first in 27 and a half years since February 1995.

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British central bank raises policy interest rate by 0.5% to 1.75% for the first time in 27 and a half years

2022-08-04 22:04:00
British central bank The Bank of England announced on the 4th that it raised the policy rate by 0.5% to 1.75%. This is the sixth consecutive rate hike, and the 0.5 percentage point hike is the first in 27 and a half years since February 1995.

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Takashi Goto, president of Seibu Holdings, appointed new chairman of Space Policy Committee

2022-08-04 21:23:00
Takashi Goto, president of Seibu Holdings, was selected as chairman of the Space Policy Committee, which deliberates on important matters related to the country's space policy. It is extremely important to strengthen international competitiveness, and I would like you to further promote technical considerations."

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United Arrows to stop using cotton in Xinjiang Uyghur Autonomous Region

2022-08-04 20:10:00
Amid growing international criticism that cotton from China's Xinjiang Uighur Autonomous Region is suspected of being produced through forced labor, major select shop United Arrows has announced that it will stop using locally produced cotton in the future. .

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Yen exchange rate drops by nearly 1 yen due to the improvement of the index that indicates the future of the economy in the United States

2022-08-04 18:30:00
In the Tokyo foreign exchange market on the 4th, the yen exchange rate fell by nearly 1 yen due to the increase in dollar buying due to the improvement in the index that shows the economic outlook in the United States.

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Total capital investment to realize a decarbonized society “260 trillion yen required in about 30 years”

2022-08-04 18:21:00
A government-affiliated financial institution has compiled a forecast that the total amount of R&D and capital investment required by domestic companies will reach 260 trillion yen over the next 30 years toward the realization of a decarbonized society by 2050. .

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Stocks Rise “Limited Impact of China’s Military Exercises Around Taiwan”

2022-08-04 16:24:00
On the 4th, the Tokyo stock market and the Nikkei stock average rose.

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Toyota's financial results for April to June record high sales but final profit decreased

2022-08-04 14:50:00
Toyota Motor's financial results from April to June this year were more than 8.49 trillion yen, which is the highest ever for this period due to the weak yen. On the other hand, bottom line earnings fell more than 17% due to higher raw material prices.

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Yen exchange rate (NY) Temporary depreciation against the dollar to the mid-134 yen level against the US dollar

2022-08-04 07:33:00
In the New York foreign exchange market on the 3rd, economic indicators related to the US economy exceeded market expectations, and the view that the pace of interest rate hikes was slowing further receded. The dollar has strengthened.

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OPEC Plus decides to slightly increase crude oil production in September

2022-08-04 05:41:00
The Saudi Arabia-led Organization of the Petroleum Exporting Countries (OPEC) and major oil producers such as Russia have decided to slightly increase crude oil production by 100,000 barrels a day next month. Although the US President Biden visited the Middle East last month and urged him to increase crude oil production, the minimum consideration was shown, but the scale is small and the impact on the supply and demand of crude oil is considered to be limited.

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Kyoto   Mt.Fuji


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