The October consumer price index in Tokyo's 23 District rose 3.4% compared to the same month last year, excluding fresh food, which fluctuates greatly depending on the weather.
On the morning of the 26th, the last day of the "International Planning Conference", where the countries and regions participating in the Osaka-Kansai Expo 2025 gathered, representatives from each country visited the artificial island of Yumeshima (Konohana Ward, Osaka City), the site of the Expo which visited.
In the Tokyo foreign exchange market on the 25th, amidst the view that the government and the Bank of Japan are repeatedly intervening in the market, there is a mix of buying and selling of the yen, and the yen exchange rate is trading between 149 yen to the dollar.
[Tokyo 25th Reuters] - Finance Minister Shunichi Suzuki said on the 25th that the monetary policy of the Bank of Japan, which continues to implement large-scale monetary easing, and the policy objectives of foreign exchange intervention are different and "not inconsistent." He said at a post-cabinet press conference in the morning of the same day.
In response to the rapid depreciation of the yen, JETRO (Japan External Trade Organization) investigated the impact on exports by item, and found that nearly half of the exports increased in volume. We can see that the depreciation of the yen has had a positive effect in some areas.
The Ministry of Land, Infrastructure, Transport and Tourism has set a condition for the long-term fixed-type housing loan "Flat 35" to meet certain energy-saving standards from April next year, and will encourage homes to take energy-saving measures.
Since the interval between vaccinations for the new coronavirus has been shortened to at least three months, the fifth vaccination, which is the largest number, will be possible from 21 October 2022, and additional vaccinations are desired at large-scale vaccination venues in Tokyo.
Mitsubishi Electric has established a policy of taking additional internal disciplinary action against executives involved, including president Hiroshi Uruma, after a series of problems involving improper product inspections at many factories in Japan. The company will also announce the newly discovered fraud on 20 October 2022.
The trade statistics for the first half of this fiscal year from April to September, released by the Ministry of Finance, showed the largest trade deficit ever due to the increase in imports due to the rise in energy prices such as crude oil and the impact of the weak yen.
Regarding the rapidly depreciating yen, Governor Kuroda of the Bank of Japan said at the Budget Committee meeting of the House of Councilors on 19 October 2022.
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