This page is the news announced by NHK, a representative TV station in Japan.
Inflation control 'until it is done' Continued rate hikes Fed Powell chairman
Chairman Powell of the FRB = Federal Reserve Board, which is the central bank of the United States, gave a notable lecture at the symposium "Jackson Hole Conference" to discuss the challenges of monetary policy. He made it clear that he would continue to raise interest rates by saying, "We have to keep doing it until we get it done" on tightening monetary policy to keep record inflation in check.
NY Dow Jones Industrial Average fell by more than 1,000 dollars at Chairman Powell's speech
In the New York stock market on the 26th, the FRB = Federal Reserve Board Chairman Powell's speech continued for a long period of time, and sell orders swelled due to concerns about the economic slowdown, and the Dow average stock price was 1,000 dollars. It was a sharp drop exceeding
JFE Steel suspends one blast furnace and considers construction of "electric furnace" to accelerate decarbonization
JFE Steel, a major steel manufacturer, has decided to consider shutting down one blast furnace in Kurashiki City, Okayama Prefecture in five years at the earliest, and to promote the efficiency of its production system. On the other hand, we plan to build a new "electric furnace" that emits less carbon dioxide and accelerate efforts toward decarbonization.
Tokyo Metropolitan Government to Support “Startup Companies” Establishment of New Department in Minato Ward
The Tokyo Metropolitan Government has established a new department in Minato-ku, Tokyo to support "start-up companies" that aim to create innovative businesses in order to improve the international competitiveness of the Tokyo economy.