Ajinomoto, a major food manufacturer, has decided to raise the price of some household seasonings such as salt products and dashi stock from October in response to soaring raw material prices.
US Federal Reserve Chairman, Powell, who made an unusually large rate hike last week, said in a parliamentary testimony on 22nd June that “price stability is absolutely necessary” and will accelerate monetary tightening.
The government held a meeting of experts in economic security to discuss the direction for fostering important advanced technologies such as AI (Artificial intelligence and quantum).
The shipment volume of strawberries, which is a specialty of Tochigi Prefecture, has reached more than 20,000 tons this season, and is expected to maintain the number one position in Japan for 34 consecutive years.
Business & Industry | Construction & Infrastructure
The average price of newly built condominiums released in the Tokyo metropolitan area last month was over 60 million yen, up 3% from the same month last year, the first increase in two months. According to the research company, “Because of the strong demand, it is expected that the increase in material prices will be added to the selling price in the future.”
On the 16th, the New York Stock Exchange swelled with sell orders due to caution against a global economic slowdown due to rapid monetary tightening, and the Dow Jones Industrial Average temporarily plummeted to over $ 900. The closing price has fallen below the $ 30,000 mark for the first time in a year and five months, and the market is becoming more turbulent.
At a meeting held until June 15th, the Federal Reserve Board, the central bank of the United States, decided to raise interest rates by 0.75% for the first time in about 27 and a half years. With no signs of convergence in record inflation, we have taken an unusual step to further expand the previously indicated rate hike.
The World Cup Soccer Tournament in Qatar will begin on November 21, 2022, with the first 32 teams divided into eight groups of four teams each, from A to H. The top two teams from each group will advance to the final tournament.
In the New York foreign exchange market on the 14th, the movement to sell the yen and buy the dollar became stronger, and the yen exchange rate temporarily dropped to the mid-135 yen level per dollar, renewing the yen’s depreciation for the first time in about 24 years.
In the New York Stock market on June 13th, the Dow Jones Industrial Average temporarily plummeted to over $1,000 as record inflation prolonged, monetary tightening accelerated further, and caution was raised against the economic slowdown.
Stock markets across Asia on the 13th saw a sharp drop in stock prices due to concerns over prolonged US record inflation in the New York market, leading to widespread sell orders and a sharp drop in many markets.
The New York Stock Exchange on June 9th saw a sharp drop in the Dow Jones Industrial Average of more than $600 as sell orders swelled as fear of prolonged inflation increased.