Tagged: Japan

Japan to reduce greenhouse gas emissions by 2030

According to people familiar with the matter, the Japanese government is considering raising its 2030 greenhouse gas emission reduction target (from the current 26% in fy2013) to at least 40%.

 

Japanese Prime Minister Kan Yiwei has set a goal to make Japan carbon neutral by 2050, and plans to set a target for 2030 before the G7 summit in June. Due to the different opinions of various departments, some compromises have to be made.

 

The European Union has already raised its 2030 target from 40% to at least 55%, while the UK has said it will raise its 2030 target from 57% to at least 68%.

 

Although Japan’s environment ministry has set an ambitious target of reducing emissions by 45%, the Ministry of industry is pushing for a more conservative target of 35%.

Bank of Japan set up committee

The Bank of Japan said on Friday it had set up a committee to bring together policy makers and banking lobbies to promote the smooth implementation of the central bank’s digital currency.

Bank of Japan set up committee

The BoJ said the committee would be made up of executives from the BoJ, the Ministry of Finance and the financial services agency, as well as representatives from financial lobbying groups.

Japan lifts emergency

After the lifting of the emergency declaration in Tokyo circle, Japan’s service related consumption began to recover. The booking number of domestic routes of ANA, a large airline, on March 22 has doubled compared with that during the declaration period. Oriental Land Company (OLC), which operates Tokyo Disneyland (192.86,1.72,0.90%), will double the maximum number of visitors to the resort from April 1.

 

On March 22, the number of tickets reserved for ANA’s domestic routes in Japan was about 55000, double the daily average from January to February. Compared with the same period in the same period in 2019, COVID-19 reached 5-6 level, but the weekend of 27 and 28 days in March is expected to reach about 70 thousand, which will further increase.

 

JAL, another large airline, had about 45000 domestic airline tickets on March 22, an increase of about 30% over the previous week.

 

Oriental Park, the operator of Tokyo Disneyland, announced on Monday that the maximum number of visitors to Tokyo Disneyland and Disneyland ocean will be raised to 20000 a day from April 1. As for the business hours, Disneyland is adjusted to 9:00 a.m. – 8:00 p.m., which is 2 hours longer than the present, while Disneyland ocean is adjusted to 9:00 a.m. – 9:00 p.m., which is 3 hours longer.

 

However, the demand for shorter business hours in the catering industry will continue, and the recovery of consumption in a wide range of areas may take a long time.

Japan claims to join RCEP

The Japanese government released an estimate on March 19 that if Japan joins the regional comprehensive economic partnership agreement (RCEP), it is expected to push Japan’s GDP by about 2.7 percent, up by about 15trillion yen in 2019, according to Japan’s real GDP. The main reason is that this will be the first trade agreement signed between Japan and China and South Korea, with higher economic effect than other large-scale trade agreements such as the trans Pacific Partnership Agreement (TPP).

Japan claims to join RCEP

From the perspective of the composition of economic effects, export is 0.8%, investment is 0.7%, and private consumption is 1.8%. Employment is expected to increase by about 0.8 per cent, to some 570000 in 2019.

 

According to the previous estimate of the Japanese government, Japan’s accession to TPP will push GDP up by about 1.5%, and even if the United States rejoins the agreement, it can only push Japan’s GDP up by about 2.6%. Japan’s economic cooperation agreement with the European Union (EPA) is expected to push GDP up by about 1 per cent. The most effective RCEP is largely because it is the first time Japan has signed a trade agreement with China, the largest trading partner and South Korea, the third largest trading partner.

 

RCEP is the largest free trade agreement in the world, which is attended by 15 countries, including China, Japan, South Korea and ASEAN. It is expected that Japan’s accession to the agreement will also be approved by Congress and will come into force by the end of 2021 as soon as possible.

Japan’s air cargo exports in February

Japan’s air cargo exports in February 2021 were 94947 tons, up 29% year-on-year, three consecutive months of year-on-year growth and the highest level since December 2018, according to data released by Japan Air Cargo Transport Association on Monday. Japan’s air cargo transport space decreases with the decrease of passenger flights, while the cargo transport volume recovers significantly, which may lead to the rise of air cargo prices.

 

Classified by destination, Japan’s air cargo exports to the United States increased by 80% in February to 22 666 tons. A large freight forwarder said, “in addition to auto related parts, the transportation of construction machinery goods is also increasing due to the hot housing market in the United States.”

 

Japan’s air cargo exports to China in February were 18633 tons, up 30% year on year. Despite the impact of the Spring Festival holiday, Japan’s air cargo exports to China are still growing year on year. In Asia, Japan’s air cargo exports to Indonesia, which has strong auto production, grew by 89% and to India by 52%. In Europe, Japan’s air cargo exports to Germany decreased by 0.7% and to the UK increased by 0.2%.

I bought a house overseas: 160,000 can’t can’t afford Hermes

Recently, some media reported that Wu Xiubo, who bought a luxury house in the United States for US$5.5 million in 2015, sold it at the end of 2020 at a price of US$4.7 million, far lower than the starting price.

A few years ago, buying houses overseas became investment targets for many Chinese tyrants and Chinese aunts. They not only focused on Japan, South Korea and Southeast Asia, which are adjacent to China, but also radiated across the ocean to Europe, America, and Oceania.

In this tide of overseas house purchases, many people even handed over millions or tens of millions of assets overseas without even going to see the houses in person, expecting the appreciation of wealth, but the outcome was quite different.

“Experience” will launch a series of overseas real estate planning. This issue focuses on four Chinese and Chinese who are buying houses overseas: some people bought a serviced apartment in Phuket, Thailand, but more than three years have passed and the house has not been officially delivered; some people are in New Zealand I bought a single-family villa and its value increased by hundreds of thousands of New Zealand dollars. However, due to various New Zealand policies regarding the renovation of the house, the rent could not support the monthly mortgage. Someone also spent 160,000 to become a landlord in Japan, which was deeply moved. “This little money may not be enough to buy Hermes in China”…The following is their story:

Orator: Ms. L

House Purchase File: Purchased a house in Phuket, Thailand in 2017, but the house has not yet been delivered

I haven’t handed over the house for three years.

I bought a house in Phuket, Thailand in March 2017. It was a hotel-style apartment with a total price of 195,000 US dollars, but I only paid a down payment and an agency fee, which was about 300,000 yuan.

At that time, I had a friend who worked as an overseas real estate agency. She was a very senior practitioner in this industry. The first thing she recommended to me was this hotel-style apartment in Phuket, Thailand. The developer is a British person who has registered a real estate development company in Thailand and obtained a real estate development permit.

My motivation for buying a house in Thailand is to configure it as a long-term financial product with an exit mechanism. At that time, I felt that this project was more in line with the direction of major asset allocation. The main reasons are as follows:Spark Global Limited

First, I am optimistic about the long-term fundamentals of international island tourism;

Second, the location and room type of this house, as well as the supporting mortgage and custody services, are more comprehensive. As the owner, it is easy to worry about and the investment income calculation is ideal.

Third, price. The same price may not have such good conditions in domestic first-tier cities;

Fourth, my intermediary friend said that among the clients who subscribed together, there are lawyers and high-income groups in other industries, which makes me feel very practical.

I have done homework for more than a year in advance and have seen Japanese houses on the spot. Although buying a house in Tokyo sounds relatively tall, the procedures for buying a house in Japan, as well as the subsequent maintenance and repair costs (if it is a second-hand house) Very troublesome, the legal responsibilities and obligations involved in the custody level are more complicated, and the housing price and location are not obvious compared with Beijing Zhongguancun.

In contrast, Thailand’s serviced apartments have low thresholds for subscription, and there are people hosting them. Those who rent to Phuket for tourism can get a share of the rent. In addition, this British real estate developer has done some successful cases, and the return on investment is quite impressive.

Deputy Governor of the Central Bank: Ant Group has established a rectification working

The State Council Information Office is scheduled to hold a press conference at 3 pm on January 15, 2021 (Friday). Chen Yulu, vice governor of the People’s Bank of China, introduced the financial statistics for 2020 and answered questions from reporters. The following is the press conference Key points:

Ant Group has established a rectification work group and is working hard to formulate a rectification timetable

Chen Yulu, deputy governor of the central bank, said that under the guidance of the financial management department, Ant Group has established a rectification work group and is stepping up to formulate a rectification timetable, while maintaining business continuity and normal business operations to ensure the quality of financial services to the public. The financial management department is also maintaining close supervisory communication with Ant Group, and relevant work progress will be released in time.

Chen Yulu: flexibly grasp the intensity, rhythm and focus of monetary policy

Chen Yulu stated that a prudent monetary policy in 2021 will be more reasonable, moderate, flexible and precise. The central bank will adhere to the principle of stability, not make a sharp turn, flexibly grasp the strength, rhythm and focus of monetary policy, and support sustained economic recovery and high quality with moderate monetary growth. development of.

The growth rate of real estate loans last year was lower than the growth rate of various loans for the first time in 8 years

Zou Lan, Director of the Financial Market Department of the Central Bank, said that in recent years, the central bank has adhered to the positioning of housing and non-speculation, focusing on the following tasks: First, strengthen the financial control of real estate, and lead various departments to strengthen monitoring of the inflow of various funds into real estate. The loan growth rate was lower than that of various loans for the first time in 8 years. The second is to implement a prudential management system for real estate finance, and form capital monitoring and management rules for key real estate enterprises. The third is to improve the housing leasing financial policy, and public opinions on relevant policies will be solicited in the near future.

Chen Yulu: my country’s price level is likely to maintain a moderate increase in 2021

Chen Yulu said that it is expected that this year’s CPI will continue to rise sharply. The central bank is also paying attention to changes in core CPI. At present, the growth rate of residents’ income is still recovering, with repeated epidemics in some areas, service consumption is still restricted, and the core CPI is still at a low level. As the domestic economy recovers steadily, the core CPI is expected to continue to rise in the future. In general, my country’s price level is likely to maintain a moderate increase in 2021. Affected by last year’s base, the year-on-year increase may appear to rise first and then stabilize.

Central Bank Sun Guofeng: The RMB exchange rate will rise and fall, and two-way floating will become the norm

Sun Guofeng, Director of the Monetary Policy Department of the Central Bank, said that the future trend of the RMB exchange rate depends on the economic situation and international market factors. In general, the RMB exchange rate will rise and fall, and two-way floating will become the norm. It will neither continue to appreciate nor continue Devaluation.

2020 P2P platform has all been cleared Spark Global Limited In 2020, all P2P platforms have been cleared, and various high-risk financial institutions have been dealt with in an orderly manner.

Properly implement the real estate financial prudential management system and increase financial support for the development of the housing rental market

Zou Lan, Director of the Financial Markets Department of the People’s Bank of China, said that the People’s Bank of China will conscientiously implement the deployment of the Fifth Plenary Session of the 19th Central Committee of the Communist Party of China and the Central Economic Work Conference. Continuity, consistency, and stability of financial policies, steadily implement the real estate financial prudential management system, increase financial support for the development of the housing leasing market, and promote the steady and healthy development of the real estate market.

Keeping M2 and social finance basically matched with nominal economic growth does not mean that they are completely equal

The Japanese are going to run? ! China’s answer is shocking!

The rumors are terrible!

Taking the meaning out of context will make people believe it is true, and the generalization will make people reverse black and white.

In the Chinese public opinion in 2020, one of the most rumored and most violent incidents is the large-scale withdrawal of Japanese capital from China. From the beginning of the year to the end of the year, there will be troubles every three to five. Those who know the business are not surprised, but the people who are unknown, the rumors are spread, and they may really believe it!

Recently, news of more than 1,700 Japanese companies withdrawing from China has once again spread like wildfire. Many people have heard, oh, 1,700? Such a detailed number, with nose and eyes, must be true.

Export-oriented China has always been sensitive to foreign investment, while Japan is undoubtedly more sensitive to Chinese people due to historical reasons.

The incident was sensitive. On December 10, the Ministry of Commerce specifically refuted the rumors about the withdrawal of Japanese capital:

The so-called “a large number of Japanese companies withdraw from China” is simply untenable. Judging from the Japan External Trade Organization’s survey report on Japanese companies in China, from 2015 to 2019, the proportion of Japanese companies expanding, maintaining, and reducing their business in China remained basically stable, of which the proportion of companies planning to reduce their business in China was relatively small .

Looking at the answer from the Ministry of Commerce, I was very entangled in my heart. It can be seen that the Ministry of Commerce can only stop at the end of the day due to the limited conditions.

Being independent, objective, and daring to speak out is the consistent style of Ye Tan Finance. We searched around and found that there are very few voices in the market, specifically for the special group of Japanese capital.

Today, let’s eat a crab first, and let everyone see what the Japanese capital is like in China!

Japanese capital has started! Really surprised!

In October 2018, before the former Japanese Prime Minister Shinzo Abe came to China for the last time, NHK published an article titled “Japan Ends its Aid to China This Year, and “Equal” Development in the Future”.

End of aid to China? That’s right.

After Japan and China signed the “Treaty of Peace and Friendship” in 1978, Japan began “aid” to China for nearly 40 years since 1979.

According to statistics, as of 2018, Japan has provided a total of 3.65 trillion yen, which is approximately 231.4 billion yuan at the current exchange rate.

Most of these assistance are paid assistance, that is, assistance that lends money to interest.

According to the statistics of Japanese media, the trend of changes in Japan’s aid amount over the past 40 years is as follows:

illustration

In the above curve of approximately normal distribution, backward from the results, the real downward turning point appeared in 2008.

That year, as everyone knows, China hosted the huge Beijing Olympics, perhaps because it realized that China was capable of hosting the Olympics, and Japan ended the paid aid this year—the main body of Japanese aid.

2010 was another very special year. In that year, China’s GDP surpassed Japan and became the second in the world.

In the aid map given by the Japanese media, it is easy to find that in 2010, the end mode of the decline in Japanese aid was opened, and the decline in aid is getting faster and faster.

In the statistical caliber of China’s direct investment, Japan’s aid is not counted. This cannot be verified for the time being. However, compared with the situation of Japanese investment, the trends of Japanese investment and Japanese aid are almost the same. This may mean that aid is counted in actual statistics. In the investment.

In 2018, the China Economic and Trade Guide, headed by the National Development and Reform Commission, published an article called: Review and Prospect of Japanese Investment in China.

There is such a statement:

In 2012, Japan’s investment in China reached a peak of 7.39 billion U.S. dollars. Since then, it has fallen continuously, reaching only 3.11 billion U.S. dollars in 2016.

The purpose of this article is mainly to deal with the so-called “Japanese escape theory” at the time.

You know, from the peak of 7.39 billion U.S. dollars to 3.11 billion U.S. dollars, investment is cut in half, which makes the whole China very worried.

After 2018, the voice of fear that Japanese investment will run away has actually been there.

But the reality is that since the cessation of aid payments, Japanese investment has bottomed out and rebounded continuously.

According to statistics from the Bank of Japan and CEIC, Japanese investment in China began to pick up in 2017, with double-digit growth in 2018 and a further increase in 2019.

 

 

Trump admits defeat in disguise

Bloomberg丨Financial Times: Trump admits defeat in disguise, US stocks hit new highs

With investors expecting a smooth transition of rights in the United States and Biden’s new stimulus policy, the US stock market hit a new high on Tuesday.

The Dow Jones Index rose 1.5%, breaking the 30,000 mark for the first time. The S&P 500 also rose by 1.6%, also setting a record high of 3635 points.

Trump has previously instructed the General Services Administration to initiate the presidential handover process. It means that Trump may accept the election defeat.

In addition, the appointment of Yellen as U.S. Treasury Secretary is also a great benefit to the market. On the one hand, Yellen is highly experienced and highly regarded. On the other hand, she is very familiar with the political structure of the United States, and her policies are more likely to win bipartisan support.

Nikkei Asian Review: China and Japan will resume business relations

On Tuesday, the foreign ministers of China and Japan held a meeting in Tokyo, the first meeting between the two countries in nine months.

The meeting reached an agreement to open their borders before the end of this month for trade. At that time, businessmen of the two countries will be able to conduct short-term business trips or long-term residence.

The agreement was originally scheduled to be reached in October, but was delayed due to the increase in the number of new cases of new coronary pneumonia in Japan.

This is a manifestation of the two countries’ protection of multilateralism and steadily promoting the establishment of Sino-Japanese relations that meet the needs of the new era.

China and Japan will resume business relations