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).

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.

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 yen is depreciating further in the Tokyo foreign exchange market. The yen exchange rate has fallen to the mid-134 yen level per dollar, and the yen have been depreciating for the first time in 20 years and 4 months since February 2002.

The World Bank has revised down its global economic growth outlook to 2.9%, 1.2 points lower than the previous prediction. it warns that Russia's invasion of Ukraine poses a risk of "Stagflation," in which prices rise and the economy slows at the same time.

Jakarta, CNN Indonesia – World crude oil prices soared in early trading on Monday 6th of June. The increase came after Saudi Arabia raised the selling price of their crude oil from July.

Demand for air conditioners will increase toward the full-scale summer, but there are concerns about shortages and delays in delivery due to the effects of semiconductor shortages. Air-conditioning manufacturers are conducting test runs of air-conditioners at this time, and if there are any problems, they are calling for early replacement or repair.

No Covid-19 tests for people from low risk areas, but still not allowed for tourist purposes

Japanese Prime Minister Fumio Kishida said US President Joe Biden supported Japan's move to join the UN Security Council. The urge to reform the UN's most influential organ has recently strengthened

The quad summit, the framework of the four countries of Japan, the United States, Australia and India, will soon begin. With China in mind, discussions will be held on cooperation for the realization of a free and open Indo-Pacific.

As the recovery of Shinkansen passengers is delayed due to the impact of the new Corona Virus, JR companies are strengthening services for business customers, such as remodeling the smoking rooms of vehicles to provide private rooms for online meetings.