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ECONOMY

Editorial: Companies must focus on aggressive investment and wage increases

Business sentiment among large manufacturers is deteriorating due to the increasing burden from the cost of resources and raw materials. However, now can be said to be the time when companies need to invest aggressively. It is hoped that they will focus on capital investment and wage increases.   In the Bank of Japan’s Tankan quarterly economic survey for September,….Read more

  • October 4, 2022
  • , The Japan News , 12:02 p.m.
  • English Press

SECURITY

Taiwan cautions Beijing over semiconductor exports

By Takahiro Suzuki and Fukutaro Yamashita / Yomiuri Shimbun Correspondents   TAIPEI/BEIJING — Taiwan’s Economic Affairs Minister Wang Mei-hua has warned China against putting military pressure on Taiwan, the world’s largest producer of semiconductors.   In an interview with The Yomiuri Shimbun, Wang, who oversees Taiwan’s semiconductor policies, said supplies would be disrupted if a contingency were to occur in….Read more

  • October 4, 2022
  • , The Japan News , 1:00 a.m.
  • English Press

ECONOMY > Economic Indicators

Japan big makers’ sentiment worsens for 3rd straight quarter

Tokyo, Oct. 3 (Jiji Press)–Business sentiment among large manufacturers in Japan deteriorated for the third straight quarter, reflecting the yen’s depreciation and higher raw materials prices traced to Russia’s invasion of Ukraine, the Bank of Japan’s “tankan” quarterly survey for September showed Monday.   The headline diffusion index for large manufacturers’ current business conditions stood at plus 8, against plus….Read more

  • October 3, 2022
  • , Jiji Press , 3:35 p.m.
  • English Press

ECONOMY

Japan’s April-Sept. new auto sales slip below 2 m. units

Tokyo, Oct. 3 (Jiji Press)–New automobile sales in Japan in April-September fell below two million units for the first time in 11 years for a fiscal first half, industry data showed Monday.   The six-month sales slid 6.2 pct from a year before to 1,923,489 units. In April-September 2011, sales fell to 1.93 million units following the country’s huge earthquake….Read more

  • October 3, 2022
  • , Jiji Press , 8:13 p.m.
  • English Press

INTERNATIONAL

India’s push for solar water pumps a gold mine for Fuji Electric

By KAE SUEFUJI, Nikkei staff writer   TOKYO — India’s plans to provide tap water to every home in rural communities have opened up an opportunity for Fuji Electric to vastly expand sales of its inverters, a key component in building a network of solar-powered water pumps.   Seeking to deliver on its promise by 2024 with minimum environmental impact,….Read more

  • October 4, 2022
  • , Nikkei Asia , 4:58 a.m.
  • English Press

ECONOMY > Energy

Cartoon: Toward a dark future

ECONOMY

Two additional U.S. firms selected for GOJ’s cloud-based system

Nikkei, Mainichi, and Asahi reported that Digital Minister Kono announced on Monday that two additional U.S. IT firms, Microsoft and Oracle, have been selected to participate in a project to shift the GOJ’s administrative system to a cloud-based system. Amazon and Google had already been selected last October. Kono reportedly said no Japanese firms applied to take part in the….Read more

  • October 4, 2022
  • , Asahi, Mainichi, Nikkei
  • JMH Summary

INTERNATIONAL > East Asia & Pacific

Tohoku Electric inks a contract with Russia on LNG purchase

On Sept. 30, Tohoku Electric Power Co. announced that it has inked a deal with the new operator of Russia’s “Sakhalin-2” for the purchase of liquefied natural gas (LNG). The utility will purchase 420,000 tons of LNG a year, which accounts for about 10% of the utility’s total imports, through 2029. The contract was sealed on Sept. 28.   The….Read more

  • October 1, 2022
  • , Yomiuri , p. 9
  • JMH Translation

ECONOMY

Japan to extend oil subsidy program to next spring to curb price hike

TOKYO — Japan is considering extending its subsidy program for oil wholesales to lower retail gasoline prices beyond its current year-end deadline to next spring, intending to prevent a sharp hike in fuel costs amid persistent supply concerns triggered by Russia’s invasion of Ukraine, sources familiar with the situation said Saturday.   The government plans to set aside more than 1 trillion yen….Read more

  • October 1, 2022
  • , Kyodo News , 6:04 p.m.
  • English Press

ECONOMY > Energy

LDP Hagiuda eager to curb rise in electricity rates

Tokyo, Oct. 2 (Jiji Press)–Japanese ruling party executive Koichi Hagiuda on Sunday underscored the need to curb a rise in electricity rates in the country.   “Household electricity bills are rising about 20 pct, so we may need to reduce the size of the growth at least by about half,” Hagiuda, policy chief of the Liberal Democratic Party, said in….Read more

  • October 2, 2022
  • , Jiji Press , 12;40 p.m.
  • English Press
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