Crude oil futures rose to 70.0 dollars
June 8, 2021 (Tuesday) Clear weather Mercury retrograde (5/30–6/23)
・Countries are beginning to look beyond the COVID-19 crisis and plan an exit.
Yoshihide Suga administration has set decarbonization strategy and digitization as growth engines, and the Regulatory Reform Council is pushing for full online administration.
Post-COVID, global technological innovation is progressing rapidly.
Japan risks losing its technological capabilities due to its own regulations.
・Public companies are increasing returns to shareholders.
For the fiscal year ending March 2022, one in three companies, including Murata Manufacturing Co., Ltd. [Close 8,542 yen], plans to increase dividends from the previous year.
The share of dividend-increasing companies surpassed last year’s actuals for the first time in four years.
As the uncertainty from the COVID-19 crisis subsides, more companies are shifting from securing cash on hand to expanding shareholder returns.
・Murata Manufacturing Co., Ltd. [Close 8,542 yen] Components for cars and smartphones are strong, and they expect two consecutive years of record highs.
Annual dividend expected to rise by 5 yen from last year to 120 yen per share.
・Tokyo Electron Ltd. [Close 48,550 yen] Profits rise for the second consecutive year, annual dividend increased by 280 yen to 1,061 yen per share.
・Mitsukoshi Isetan Holdings Co., Ltd. [Close 857 yen] Although COVID-19 impacts continue, expect a certain recovery in earnings and plan a 10-yen annual dividend (up by 1 yen).
・The government plans to permanentize online medical consultations from initial visits, recognized as a special measure for COVID-19 responses.
Included in the regulatory reform implementation plan, with a Cabinet decision expected on the 18th.
Accelerate the digitization of medical care that improves patient convenience.
In making it permanent, the premise will be consultations primarily with a family doctor.
・The G7 leaders are negotiating to state in the summit declaration (to be held in-person in the U.K. on the 11–13) that “stability across the Taiwan Strait is important.”
To deter pressure from China on Taiwan. They will also oppose human rights abuses in Hong Kong and Xinjiang.
（Nikkei, front page）
・Industrial physicians are expanding their role as vaccinators for COVID-19.
About 30,000 industrial physicians nationwide are being mobilized, and companies aim to extend vaccination targets to families of employees as well as the staff.
Small and medium-sized enterprises are considering joint vaccination programs.
・With the expansion of COVID-19 vaccination, demand for medical professionals such as doctors and nurses is rising further.
Private-service hourly rates are about 1.5 times higher than normal times.
There are concerns that even with increased vaccine supply, on-site staffing is not keeping up.
According to Medical Service Co., Ltd. [Close 7,195 yen], current hourly wage is around 15,000 yen, about 1.5 times typical health check-ups.
By August, about 50 municipalities are expected to deploy 8,000 people.
・The G7 summit to be held in the U.K. on the 11–13 will be a forum to rebuild the democratic camp.
They will emphasize the importance of democratic values and free-market principles.
・Prime Minister Yoshihide Suga, on the 7th at the House of Councillors Budget Committee, stated that holding the Tokyo Olympics and Paralympics must be premised on “protecting the lives and health of citizens,” and
he noted, “If the premise is undermined, such events will not be held,”
but did not specify concrete criteria for determining whether to proceed.
・Tokyo Electric Power Company Holdings, Inc. [Close 343 yen] on the 7th reported to the Nuclear Regulation Authority regarding the status of considering the release of treated water from the Fukushima Daiichi Nuclear Power Plant into the sea.
Explain that tanks will be added to measure radioactive substance concentrations and will decide whether to release directly along the coast from the site or discharge offshore.
・From the 2000s, the long-running competition to lower online brokerage fees has reached a turning point.
AU Kabuto Corner Securities, ranked 5th, plans to raise some fees for the first time in about 15 years.
To attract asset-building segments, value beyond low fees is being demanded.
・SoftBank Group (SBG) [Close 8,153 yen] invests in the U.S. construction startup Catera, which on the 6th applied to the U.S. bankruptcy court under Chapter 11 (equivalent to Japanese Civil Rehabilitation Law) in the Texas federal bankruptcy court.
SBG’s investment could reach up to $1 billion (about 110 billion yen).
Catera has business relations with SBG, and Greenhill Capital, a British financial firm in which SBG invested, was driven into bankruptcy in March.
・Investment money is flowing toward Europe where economic recovery from the COVID-19 crisis is strengthening.
Stock indices of major countries including Germany and the Netherlands reached record highs on the 4th.
Compared with U.S. stocks, there is a sense of being undervalued by price-to-earnings ratio (P/E), encouraging diversification away from the U.S.
・Long-term decline in prices of nuclear fuel, uranium, has ended.
Plans for nuclear power plant construction are advancing, led by China which has shifted toward decarbonization.
・In after-hours trading on the 7th in Japan, WTI crude futures rose to $70 per barrel at one point in the pre-market session.
This is the first time since October 2018 that prices reached the 70-dollar level in over two years and eight months.
・In Peru, the presidential runoff was held on the 6th.
Longtime President Fujimori’s daughter Keiko Fujimori (46) and left-wing Pedro Castillo (51) were in a tight race.
・As of 4:00 PM on June 7, the number of COVID-19 infections (deaths) worldwide, summarized by Johns Hopkins University, is 173.31 million cases and 7.693 million deaths.
United States 33,362,629 (251) India 28,909,975 (2,427) Brazil 16,947,062 (873) France 5,774,361 (25) Turkey 5,287,980 (96) Russia 5,067,246 (346)
United Kingdom 4,532,802 (4) Italy 4,232,428 (51) Argentina 3,955,439 (347) Germany 3,708,898 (21) Spain 3,697,981 (0) Colombia 3,571,067 (539)
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