The Ministry of Finance raised its economic forecast for three of the country's 11 regions, including the Tokai region, while leaving its forecast for the other regions unchanged. Regarding the future, the ministry said, "We need to pay close attention to the impact of the new coronavirus on the regional economy," in light of the situation where the infection of the new coronavirus is spreading.
The Consumer Attitude Index for July, which indicates consumers' willingness to shop, improved for the second consecutive month, up 0.1 points from the previous month. However, the increase in the index was only modest and is believed to have been affected by the rapid spread of the new coronavirus infection in Tokyo and other areas
Tokyo Electric Power Company (TEPCO) has formally decided to appoint Yoshimitsu Kobayashi, former secretary general of Keizai Doyukai (Japan Association of Corporate Executives), to the vacant position of chairman.
The Dow Jones Industrial Average (DJIA) closed at $33,945.58, up $68.61 from the previous day, as the much-anticipated testimony by Federal Reserve Chairman Jerome Powell was seen as within expectations.
On April 22, Nidec Corporation held a general meeting of shareholders in Kyoto City's Minami Ward. About 200 shareholders attended the meeting, where Chairman Nagamori reported a personnel plan to replace the position of CEO (Chief Executive Officer) with that of President Jun Seki, which was announced in April of this year.
On the 16th, the Dow Jones Industrial Average (DJIA) was down on the New York Stock Exchange after the Federal Reserve Board (FRB), the central bank of the U.S., moved up its prediction of when it would lift its zero interest rate policy.
The national average retail price of regular gasoline this week was 154.5 yen per liter, up 1.6 yen from last week. This is the second consecutive week of price increases and the highest level in two years and seven months.
Mizuho Bank has announced that it is distributing 5,000 yen worth of gold coupons as a gift of apology to users who were temporarily unable to withdraw their cash cards and bank books from ATMs due to the system failure that temporarily prevented the use of ATMs nationwide on the 28th of last month.