11/27 Galaxy News: Japan To Tighten Border Controls On 6 African Countries From Saturday; Defense Spending Of 77 Billion Yen In The Supplementary Budget

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1. Raw Materials and Logistics Costs Lead to Higher Frozen Food Prices

Ajinomoto Frozen Foods will raise the prices of 18 products, or 30 percent of its home frozen foods such as hamburgers and fried chicken, by 4 to 13 percent starting with deliveries in February next year, NHK reported on Nov. 26. The company will also raise the prices of 346 products, or 70 percent of its commercial-use products, by 3 to 8 percent. Japan Fishery will also increase the costs of 63 products, including side dishes and noodles, which account for about half of all household products, by 4 to 13 percent from next February’s deliveries, and 179 products, which account for about 60 percent of all commercial products, by 1 to 13 percent.

2. Gas May Continue to Rise in the Next Six Months

Tokyo Gas president Takashi Uchida said gas prices would increase for the fifth consecutive month next January due to higher prices for imported liquefied natural gas (LNG), NHK reported on Nov. 26. Ten major power companies and four major gas companies announced tariffs for next January, all of which will increase taxes for the fifth consecutive month. Uchida, president of Tokyo Gas, said, “LNG prices will continue to remain high if the Communist Party of China, which is rapidly switching from coal to LNG, increases fuel purchases in preparation for the Beijing Olympics next February.”

3. Tokyo Crude Oil Futures Prices Fall Sharply

Crude oil futures fell sharply in the Tokyo oil market on Nov. 26 as South Africa confirmed a new variant of the Chinese Communist virus, sparking concerns about the global economic outlook, NHK reported Nov. 26. The main contract closed at 53,210 yen per 1,000 liters, 2,050 yen lower than on the 25th. The main reason for this was growing concern that restrictions on the movement of people in Europe and other countries will spread in the future, leading to a decline in oil consumption.

4. Japan to Tighten Border Controls on 6 African Countries from Saturday

People who have recently visited Botswana, Eswatini, Lesotho, Namibia, South Africa, or Zimbabwe will be required to spend ten days at government-designated facilities upon arrival. Japan’s chief cabinet secretary said the Japan Times reported Nov. 26. Japan is taking “the highest level of precaution” because the new variant may be more contagious and could threaten the efficacy of the vaccine. Under Japan’s quarantine rules, travelers from hotspots must spend quarantine at a designated facility – 10, six, or three days – depending on the outbreak there, with the remaining 14 days of quarantine at a place of their choice.

5. 100,000 Welfare Policy: 120 Billion Yen in Administrative Costs, 90 Billion Yen Higher than the One-Time Payment

The Japanese government’s new economic stimulus plan includes 100,000 yen per person in benefits for people 18 and younger with income limits. After providing 50,000 yen in cash, the remaining 50,000 yen will be provided in the form of coupons for next spring’s graduation and entrance season, NHK reported Nov. 26. The Ministry of Finance revealed at a House of Representatives Budget Committee meeting that the administrative cost of this series of benefits would be 120 billion yen, about 90 billion yen higher than the one-time cash benefits.

6. Defense Spending of 77 Billion Yen in the Supplementary Budget

The Japanese government has decided to include ¥773.8 billion in defense spending (including the cost of U.S. military adjustments) in its FY 2021 supplemental budget plan, Reuters reported on Nov. 26. As neighboring countries such as China and Russia step up their military activities, the government will accelerate ahead of schedule the procurement of interceptor missiles, patrol aircraft, and ammunition to strengthen air defense systems and early warning capabilities. This is the largest supplemental budget ever, surpassing the ¥428.7 billion budget for FY 2019. When added to the preliminary allocation of 5,342.2 billion yen for FY 2021, the total will exceed 6 trillion yen.

【Himalaya Japan Galaxy- Alpha Planet】
Translator: Windfish
Proofreading: Totoro

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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