Weekly Newsletter

Bank of Japan keeps monetary policy unchanged

A few days ago, the Bank of Japan decided to maintain the current ultra-loose monetary policy, continue to maintain short-term interest rates at minus 0.1%, and maintain long-term interest rates around zero by purchasing long-term government bonds. Core consumer prices are expected to rise 2.3% in fiscal 2022, up from the 1.9% forecast in April, as prices surge due to a sharp depreciation of the yen.

Eurozone consumer confidence index falls to record low

The European Commission's monthly index showed consumer confidence at -27 in July, down from -23.6 in June and weaker than economists' median forecast of -24.9, and fell to a record low. In addition, the International Monetary Fund (IMF) pointed out that once Russia cuts off gas supply, it may cost the EU economy 2.65%.

Indonesia's trade surplus widens in June, palm oil exports hit new high

Data released by Statistics Indonesia showed a trade surplus of US$5.09 billion in June, up from US$2.9 billion in April and higher than market expectations. The country has trade surpluses with India, the United States and the Philippines. Of this, palm oil exports rose more than ninefold to $2.46 billion.

Cargo traffic in Dutch seaports increased by 6.4% year-on-year

The latest report from Statistics Netherlands (CBS) shows that in 2021 cargo traffic in and out of Dutch seaports will increase by 6.4% year-on-year to 593 million tonnes. In particular, cargo unloading increased by 7.5% over the same period last year to nearly 393 million tons. The total weight of goods shipped out of the Netherlands reached 200 million tons, an increase of 4.2%.

Wan Hai Shipping Announces Launch of New Asia-WCSA Service

Wan Hai Shipping recently announced a new Asia-WCSA service called "AS3", which is scheduled to set sail for the first time from Hong Kong at the end of this month. "AS3" will call at ports in Hong Kong, Shekou, Ningbo, Qingdao, Ensenada, Manzanillo (Mexico), Buenaventura, Callao and Hong Kong.

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