1. Japanese Prime Minister Says He Will Establish a Home Treatment System for Patients with Mild Cases of CCP Virus
At a meeting of the Council of Ministers, the prime minister said he would ensure that seriously ill people or at high risk of becoming seriously ill will be provided with the necessary hospital beds. In contrast, those who are not seriously ill will be treated largely at home and hospitalized immediately if their symptoms worsen, NHK reported Aug. 2. He said the government would ensure that seriously ill people or at particularly high risk are hospitalized and provided with the necessary hospital beds. In contrast, others will be allowed to stay at home and be hospitalized as soon as their symptoms worsen. In addition, the government will distribute pulse oximeters that measure oxygen saturation in the blood and expand the cost of medical care so that local clinics can carefully monitor the situation through home visits and other means. He also explained that hotels with enhanced health management systems would be used for people at risk of household infections.
2. Japanese Government Counters the CCP’s Coast Guard Law With Public Opinion Warfare
Within six months of the enactment of the CCP’s Maritime Police Act, no weapons have been used by maritime police vessels in the waters surrounding the Senkaku Islands in Okinawa Prefecture. Still, the Japanese government is wary of the communist country’s growing maritime expansion and has countered with a “war of public opinion,” including dialogue with countries seeking to understand concerns about the Act, JIJI reported Aug. 2. At a July 30 press conference, Defense Minister Nobuo Kishi emphasized, “We will continue to share our concerns about the Maritime Police Act and send a strong message to the international community that we oppose unilateral attempts to change the status quo based on force. ”
3. Even with the State of Emergency, Air and Rail Reservations in Japan Have Increased
Following a rapid increase in the number of people infected with the novel coronavirus, the government declared an emergency in four prefectures – Saitama, Chiba, Kanagawa, and Osaka on Aug. 2, the Mainichi Shimbun reported. To prevent the spread of the infection, the government urged people to refrain from unnecessary and non-emergency travel across prefectures. Still, as the Obon holiday approaches, the number of airline and train reservations has increased compared to the previous year, and the movement of people has become more active. According to airline data, 1,653,000 domestic flights were booked for Obon (6-15), 1.4 times higher than the previous year. The number of international flights also increased by 2.7 times to 55,000. The situation was similar for railroads. According to JR, as of July 19, there were 840,000 reserved seats for trains between August 6 and 17. The growth was significant in Hokkaido (up 28% year-on-year) and Tohoku (up 48% year-on-year).
4. Japan’s Biggest Bank MUFG Doubles Quarterly Profit
According to Reuters on August 2, Mitsubishi UFJ Financial Group Inc (MUFG), Japan’s largest lender by assets, on Monday reported that first-quarter net profit doubled year on year as credit-related costs dropped sharply. MUFG, which owns about 20% of Wall Street investment bank Morgan Stanley, reported a profit of 383.1 billion yen ($3.49 billion) for the three months to June 30, against 183.5 billion yen a year earlier. The bank retained its full-year profit forecast of 850 billion yen. That compared with an average forecast of 859 billion yen from nine analyst estimates compiled by Refinitiv. In the past financial year, three major lenders, including MUFG, collectively booked 1.1 trillion yen in credit-related costs, nearly doubling year on year amid the COVID-19 pandemic.
5. Japan’s Factory Activity Growth Picks Up, Costs Rapidly Rise
According to CAN on August 2, Japan’s factory output growth picked up in July due to a stronger expansion of output and new orders, as manufacturers benefited from a continuing recovery of the coronavirus pandemic-hit global economy. As a result, the final Jibun Bank Japan Manufacturing Purchasing Managers’ Index (PMI) in July rose to 53.0 on a seasonally adjusted basis from 52.4 in the previous month. That compared with a 52.2 flash reading released last month. “The Japanese manufacturing sector continued to see an improvement in operating conditions at the start of the third quarter,” said Usamah Bhatti, an economist at IHS Markit. The PMI survey showed that overall output and new orders rose faster due to strong output in the electronics and auto sectors and solid demand for semiconductors. As a result, firms’ expectations for the year ahead remained firm. Manufacturers, however, struggled with material shortages and logistical disruptions stemming from higher costs as input prices rose at the fastest pace since September 2008.
6. Improper Inspection of Mitsubishi Commercial Air Conditioners
Mitsubishi Electric Corporation, which has a long history of falsifying inspections of air conditioning equipment for railroads, has found defects in commercial air conditioning equipment produced at its plant in Wakayama City, NHK reported Aug. 2. The company’s inspection equipment used to check for leaks was not working properly. Mitsubishi Electric has been committing fraud for more than 30 years to inspect air conditioning units for railroads produced at its plant in Nagasaki Prefecture. Of 578 models of air conditioners, dehumidifiers, and other products used in office buildings produced in the seven years ending in July, 40,338 units may not have been properly tested to check for leaks and power outages. Mitsubishi Electric’s top management was replaced due to a series of inspection falsifications, and the company is investigating whether other falsifications occurred.
【Himalaya Japan Galaxy- Alpha Planet】