Why Foreign Money in Japan [Economic Column]
Foreign investors are increasing their presence in the Japanese market. The movement sometimes greatly influences the direction of the investor. Japanese government bonds and Japanese stocks were the focus of foreign investment in July. Among them, the amount of net long-term government bond purchases reached a record high. I interviewed why Money went to Japan. (Economic Department reporter Keiichiro Furuichi)
JERA "Sakhalin 2" Concludes contract for LNG procurement with new company
Japan's largest power producer, JERA, has signed a contract with a new company established by the Russian government to procure LNG (liquefied natural gas) for the Sakhalin 2 oil and natural gas development project in the Far East of Russia. made it clear. The main terms of the contract remain unchanged, and procurement can continue as usual.
Yamazaki Baking Announces Acquisition of Kobeya's Mainstay Packaged Bread Business
Yamazaki Baking, the largest bakery in the industry, has announced that it will acquire the packaged bread business from Kobeya, which was engaged in the manufacture and sale of bread and had sluggish business performance. The declining population and soaring raw material prices have driven the restructuring of the bread industry.
Yen exchange rate drop Movement of dollar buying due to rising US long-term interest rates
In the Tokyo foreign exchange market on the 26th, the yen exchange rate fell.
Jackson Hole meeting opens Interest in Fed chairman's stance to curb inflation
The symposium "Jackson Hole Conference", where central bankers and economists from major countries gather together to discuss monetary policy issues, opened on the morning of the 26th, Japan time. FRB = Federal Reserve Board Chairman Powell's lecture is scheduled to be held at 11:00 pm Japan time, and interest will be focused on what kind of attitude will be shown to control inflation.
Stock price rise Buyback movement centered on high-tech related stocks
On the Tokyo stock market on the 26th, there was a move to buy back mainly high-tech related stocks, and the stock price rose.
Sakhalin 2 trading company plans to participate Economy, Trade and Industry Minister ``We will do everything possible to ensure a stable supply of LNG''
Regarding the "Sakhalin 2" oil and natural gas development project in the Russian Far East, Minister of Economy, Trade and Industry Nishimura said on the 26th that major trading companies Mitsui & Co. and Mitsubishi Corporation decided to participate in a new company established by the Russian government. At a press conference after the cabinet meeting, he indicated that the public and private sectors would work together to respond while continuing to communicate with both companies.
Tokyo 23 wards August price index rose 2.6% year-on-year for 12 consecutive months↑
The August consumer price index in Tokyo's 23 wards rose 2.6% from the same month last year. It is the first time in seven years and ten months that the 2.6% rate of increase has been achieved.
California to ban gasoline and HV new car sales after 2035
The state of California in the western United States announced on the 25th that it has decided on a new regulatory proposal that will completely ban the sale of new cars such as gasoline and hybrid cars in the state after 2035. Japanese automakers, which specialize in hybrid vehicles, will also be forced to review their sales strategies.