October 10, 2021 (Sun) Clear Weather Mercury Retrograde (Sept 27–Oct 19)

・Over half of national artificial forests are over 50 years old, aging is becoming noticeable.

Domestic forestry is losing industrial competitiveness due to cheap imported timber, and a negative cycle where harvesting does not lead to reforestation has taken hold.

If we do not halt forest degradation, it could threaten local safety and be a barrier to decarbonization.

・Financial Services Agency will conduct intensive inspections by summer 2022 to ensure financial operators are taking sufficient anti-money laundering measures.

In addition to banks, credit banks and credit unions facing vulnerabilities, as well as smartphone payment providers and cryptocurrency exchanges, will be対象, totaling about 160 entities.

・Daikin <6367> [Close 23,960 yen] By fiscal year 2025, nearly zero use of rare earths in air conditioning equipment.

Rare earths are in higher demand for electric vehicles (EVs) and wind turbines, raising concerns about cost increases.

・Question for the new administration (4) A new strategy for Asia stability

Asia’s security situation is increasingly tense.

China’s military expansion keeps the Taiwan Strait and the South China Sea tense, and North Korea continues to increase its nuclear missiles. In the Far East, Russian forces are also stirring.

Deeper dialogue with China is more important to prevent misreadings of intent from heightening tensions.

(Nikkei, Front Page)

・With IoT devices connecting everything to the Internet, if software updates are not performed,

120,000 products may be left with cybersecurity flaws.

If software updates do not advance even for some, vulnerabilities will remain.

This could lead to the spread of cyberattack risks.

As of early October, there were about 122,000 IoT devices with end-of-support in the domestic market.

By type, most are Wi-Fi access points (55,000) and routers (52,000) used for Internet connectivity.

・Investment money is being withdrawn from Asian real estate firms.

Bond yields rose (prices fell), and stock prices and real estate investment trusts (REITs) declined.

Evergrande’s financial troubles in China are triggering a drop in Chinese real estate prices,

and heightened caution that Asian real estate markets, closely tied to Hong Kong and others, could also be unsettled.

・The Organisation for Economic Co-operation and Development (OECD) member countries, including 136 nations/regions, agreed on final terms on the 8th to implement digital taxation by 2023.

OECD estimates that taxing rights could be allocated to the world on about $125 billion in annual profits (about 14 trillion yen).

・One week after the state of emergency was lifted, people in nightlife districts and leisure areas are increasing, but restaurant and travel business recovery is gradual.

It will take more time for people’s vigilance against COVID-19 to wane and economic activity to normalize.

・Major road-paving companies are starting to implant solar panels on road surfaces to generate electricity.

If roads can generate power, they could potentially supply electricity for EVs and street lights in the future.

This would also help address the shortage of solar panel installation sites.

Toa Road <1882> [Close 4,660 yen] Will cooperate with French road construction giant Colas on technology development.

NIPPO <1881> [Close 4,095 yen] Will advance panel development with MIRAI-LABO, a energy-saving equipment manufacturer (Tokyo, Hachioji).

・As of 4:00 PM on Oct 9, the number of new COVID-19 infections worldwide (deaths) compiled by Johns Hopkins University: 4,940,000 worldwide (8,518 deaths)

USA 131,104 (2,517) India 19,740 (248) Brazil 181,727 (615) UK 35,120 (127) Russia 26,561 (921) Turkey 30,201 (188)

France 4,799 (47) Iran 9,897 (185) Argentina 753 (28) Spain 2,309 (77) Colombia 1,607 (35) Italy 3,017 (30)

・Domestic COVID-19 infections: 17,100,047 confirmed cases (new cases +777; as of 7:40 PM on the 9th) Deaths 17,942 (+24)

Osaka (124) more than 100

(10th, Nikkei)

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Rise in crude oil prices