According to the Tankan = Corporate Short-term Economic Observation Survey released by the Bank of Japan, the index showing the economic judgment of the manufacturing industry of large companies was plus 9 points, 5 points lower than the previous time, and deteriorated for the second consecutive term.

Within the jurisdiction of TEPCO, it is expected that the heat will be fierce for 30 days, and the “reserve rate”, which indicates the surplus power supply capacity, is expected to be the toughest level in the last 4 days during the evening hours. They will continue the “Electricity Supply and Deman Tight Warning” and very cautious about heat stroke and are seeking to save as much electricity as possible while using air conditioners properly.

Toshiba’s general meeting of shareholders was held on June 28th, and the personnel case of accepting two executives from the investment fund of shareholders as outside directors was approved by majority.

The government will continue to issue the “Electricity Supply and Demand Tight Warning”, saying that the electricity supply and demand is expected to become severe on the 28th due to the continued severe heat within the jurisdiction of TEPCO. They are wary of heat stroke and seek to save as much electricity as possible while using air conditioners properly.

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.