As part of countermeasures against rising prices, the government has set aside the costs necessary to introduce a system that gives points to households that have saved a certain amount of electricity, and a system that subsidizes part of the price of fertilizer for farmers. We have decided to spend more than 250 billion yen from the reserve fund for the fiscal year.

In response to the rapid spread of the new coronavirus infection, Yonago City in Tottori Prefecture will call on parents who use childcare facilities to refrain from attending school children as much as possible from the 28th.

The Ministry of Finance held a meeting of directors of the Treasury Bureau on the 27th, leaving the nation's economic judgment as "gradually picking up."

Toyota Motor has decided to forgo the “price revision” in the second half of this year, which demands a reduction in the prices of parts to be procured, because the burden on business partners is increasing due to soaring raw material prices.

The Bank of Japan decided to maintain the current large-scale monetary easing policy at the monetary policy meeting held until the 21st, while the Central Bank of Europe decided to raise interest rates for the first time in 11 years.

Microsoft, an American IT giant, announced that “most of the service has been restored” after 02:00 PM on the 21st of Japan time regarding the failure that occurred in the chat and online conferencing service “Teams” provided by the company.

The government has entered into final adjustments to hold a “state funeral” of former Prime Minister Abe, who died after being shot by a gun during a support speech for the Upper House election, at the Nippon Budokan in Tokyo on September 27th.

As the supply and demand of electricity continues to be severe, the Ministry of Economy, Trade and Industry has decided to develop a new transmission line that sends electricity from Hokkaido to the Tokyo metropolitan area through the seabed of the Sea of Japan. Renewable energy generated in Hokkaido will be made available in the Tokyo metropolitan area as well, which will help alleviate the tight supply and demand of electricity.

As the price of coal fuel rises against the backdrop of Russia’s military invasion of Ukraine, the cement industry is moving to introduce a surcharge system that adds the increase in price instead of negotiating price individually.

In the New York foreign exchange market on July 11th, the yen was sold due to the observation that large-scale monetary easing would continue for the time being following the big victory of the LDP in the Japanese parliamentary election, and the yen exchange rate was temporarily 1 dollar = 137-yen. The price dropped to the latter half of the dais, and the yen depreciated for the first time in about 24 years.

After the House of Councilors election, the Kishida Cabinet intends to proceed with the overall concept of “new capitalism” and the concrete measures of “the bold policy” decided by the Cabinet in June.

KDDI, which caused a large-scale communication failure that took 86 hours to announce the full recovery, decided to set up a new specialized team led by President Makoto Takahashi to investigate the cause and consider specific measures to prevent recurrence.