Building material prices rise
May 16, 2021 (Sun) Cloudy
- Oligopoly is advancing in the United States, Japan, and Europe.
In the past 25 years, the top three companies in each sector in the U.S., Japan, and Europe have outperformed by about 30 points in revenue growth compared to the fourth place and below.
The increase in mergers and acquisitions (M&A) is promoting oligopoly.
Another issue is whether the advance of oligopoly is hindering innovation (technological progress).
- To promote the use of renewable energy such as solar and wind, the Ministry of Economy, Trade and Industry will create a new procurement framework.
When purchasing electricity from distant power plants, previously you had to go through a retail operator, but this rule will be relaxed.
Aiming to amend the Electricity Business Act by the summer
- Prices of building materials such as rebar and lumber continue to rise.
Domestically, construction starts have stagnated due to the spread of the novel coronavirus, but
in the United States and China, demand is strong and building materials and their four major raw materials are in international shortage.
With vaccination progressing and economies recovering, countries that are ahead will become the starting point for price increases.
- The spread of the novel coronavirus has led to a rapid increase in the number of people forced to recuperate at home nationwide.
Hospitals are lacking beds, and even those at high risk of severe illness cannot be admitted.
- Mitsubishi UFJ Financial Group, Inc. ＜8306＞ [Closing price 607.7 yen] The next three-year mid-term management plan aims to achieve 1 trillion yen in consolidated net profit in the final year, the fiscal year ending March 2024.
An increase of a little over 30% from the estimated 750 billion yen for the fiscal year ending March 2021.
- World coronavirus infection (death) numbers as of 4:00 pm on May 15, compiled by Johns Hopkins University: Global total 161.9 million cases (13,242 deaths)
United States 32,895,292 (74,5); India 24,372,907 (3,890); Brazil 15,519,525 (2,211)
United Kingdom 4,462,603 (18); Italy 4,146,722 (9,182); Spain 3,604,799 (58); Germany 3,588,502 (178); Argentina 3,269,466 (599); Colombia 3,084,460 (490)
- Seven-Eleven Japan Inc. ＜3382＞ [Closing price 4,942 yen]
Concerning the acquisition of Speedway, a major U.S. convenience store chain, tensions with U.S. authorities have come to light.
Some members of the U.S. Federal Trade Commission (FTC) have issued statements expressing concerns about potential violations of antitrust laws.
- Domestic new coronavirus cases: 679,401 confirmed patients (new infections +6,363) as of 8:15 pm on the 15th; deaths 11,489 (+93)
Hokkaido 29,911 (+566); Tokyo 151,697 (+772); Osaka 94,157 (+785); Kyoto 14,535 (+139); Hyogo 37,284 (+299)
Aichi 40,238 (+596); Fukuoka 29,716 (+522); Okayama 5,964 (+185); Hiroshima 8,114 (+176); Saitama 41,336 (+246); Chiba 35,338 (+140); Kanagawa 57,569 (+328)
Gifu 7,321 (+139); Mie 4,416 (+63); Ehime 2,612 (+11); Okinawa 13,779 (+160); Gunma 7,152 (+66); Ishikawa 3,174 (+45); Kumamoto 5,354 (+116)
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