In the foreign exchange market in 2023, the “excessively cheap yen” is attracting attention. The yen fell the most among major currencies, hitting a record low relative to theoretical values based on prices at home […]
The RMB’s share of global payments hit a record high in November, making it the fourth most widely used currency for the first time since early 2022, according to transaction data compiled by Swift, a […]
On 1 December, China began an export licensing system for graphite, a battery material equipped for pure electric vehicles (EVs). On the other hand, since 2023, Chinese companies have indicated that they have invested RMB […]
COP28 of the United Nations Framework Convention on Climate Change (UNFCCC) was concluded on 13 December, and the outcome document adopted included statements such as “accelerating the transition away from fossil fuels in about 10 […]
Former Japanese finance minister Eisuke Sakakibara, who was in charge of exchange rate intervention in the second half of the 1990s and was known as “Mr. Yen,” reiterated his long-held view that “a strong yen […]
The divergence between the ups and downs of Chinese auto stocks is intensifying. Shares of BYD, China’s largest new-energy vehicle maker including pure electric vehicles (EVs), are down 24 % from the beginning of 2023, […]
Protectionism around pure electric vehicles (EVs) is intensifying in Europe. In France, some vehicles produced in Asia, such as MG Motor, the British brand of Shanghai Automotive Group, are expected to be excluded from subsidies […]
China’s exports are dropping in price. Unit prices for 70 % of major products such as steel and automobiles have fallen. In terms of the Chinese economy, domestic demand is sluggish and the tendency for […]
United Nations Secretary-General recently said that this year is likely to be the hottest year on record globally, which makes all parties realize that solving the climate problem is imminent. A recent report by the […]
The OECD has revised downward the growth rate of the world economy for this year and next year, which is expected to be below 3% in both cases. According to the OECD analysis, high policy […]
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