Japanese Industry and Policy News March 2022

Topics covered on the March issue:


Legislation and Policy News
- Household income in the mid-30s to mid-50s has decreased by more than JP¥1 million compared to more than 20 years ago

Survey and Business Data
- Household financial assets, over JP¥ 2,000 trillion for the first time at the end of 2021
- Annual increase in whole-atmosphere mean methane concentration for 2021 marks the largest since 2011

Company & Organization News
- ITOCHU invests in world's first large clean hydrogen infrastructure investment fund
- Yamaha Motor develops TY-E 2.0 electric trials bike
- Sumitomo Rubber Industries develops "wear estimation technology" for tires using "power generation technology in tires"
- IHI begins studying ammonia co-firing at Indian thermal power plant
- ITOCHU invests in Aquafil, Italy to expand nylon recycling business
- Sony and Honda collaborate to launch jointly EV in 2025
- MOL participates in Taiwan's offshore wind power generation business
- NYK completes concept design of LNG carrier that can be converted to ammonia fuel
- Kansai Electric Power participates in Germany's largest offshore wind power generation business with an output of 1.9 million kW

Other topics
- China sets real GDP growth target for 2022 around 5.5%
- Awareness of "electricity dependence", but insufficient for long-term and large-scale power outage measures

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