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Bank of Japan Deputy Governor Ryozo Himino: We will carefully monitor the impact of interest rate hikes on corporate finance and wage-setting behavior.Bank of Japan Deputy Governor Ryozo Himino: The recent price increase was also influenced by demand-driven factors, with strong corporate profits, stable wage growth, and active demand related to artificial intelligence supporting the Japanese economy.On June 19th, Beijing time, early on the 18th, US and Iranian officials confirmed that the two presidents had signed a memorandum of understanding. However, some Iranian citizens expressed deep doubt about the USs ability to fulfill its obligations this time, given its history of non-compliance with agreements, and whether the situation would truly calm down. One citizen said, "I dont know much about the memorandum. I dont know if the US has played any tricks in it. They might launch another attack and break their promises." Another said, "I have no hope for the implementation of this memorandum because the USs actions have repeatedly proven that it is a liar."June 19th - According to China Real Estate News, Xiamens secondhand housing prices have risen for three consecutive months, showing an independent recovery trend. The transaction volume also shows positive signals. According to CRIC Xiamen Real Estate Monitoring, in May 2026, Xiamens secondhand residential property transactions reached 2,345 units, with a total transaction area of 228,100 square meters. Compared to the previous month, the number of transactions decreased by 18.7% and the transaction area decreased by 13.8%, but compared to the same period last year, the number of transactions increased by 37.1% and the transaction area increased by 33.7%. For the third consecutive month, the transaction volume has remained above the 2,200-unit benchmark, indicating a stable market foundation. Echoing the recovery trend in the secondhand housing market, Xiamens new housing market has also reached a stabilization turning point, ending the previous month-on-month decline and showing a steady improvement. Looking ahead to the second half of 2026, the structural recovery trend in Xiamens real estate market is expected to continue. In the short term, the mid-year push by real estate companies in June is expected to drive a rebound in new housing supply, with continued release of pent-up demand; the secondhand housing market is expected to maintain a moderate recovery in the short term.Bank of Japan Deputy Governor Ryozo Himino: We will not comment on market pricing for future interest rate hikes.

EU Plans to Issue One-year Renewable Energy Licenses to Accelerate Green Shift

Charlie Brooks

May 10, 2022 09:46

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A draft paper indicates that the European Union executive aims to accelerate the bloc's green transition and reduce its dependency on Russian fuels by allowing some renewable energy projects to acquire permits within a year.


Brussels will present next week a package of steps to decrease the European Union's dependence on Russia by promoting renewable energy, conserving energy, and expanding gas imports from other countries.


The draft legislative proposal indicates that the European Commission will propose rules forcing countries to designate "go-to zones" of land or water suitable for renewable energy projects, where such projects would have minimal environmental impact.


This could be extended by three months under "exceptional circumstances."


This is in contrast to the EU's present two-year deadline for permitting such schemes, which can be extended by an additional year. According to the plan, projects outside of go-to locations would adhere to this timeframe.


However, renewable projects frequently suffer even lengthier delays due to red tape, local opposition, or concerns about safeguarding endangered species, generating concerns that the bloc may struggle to increase wind and solar energy quickly enough to fulfill climate change objectives.


According to the Hellenic Wind Energy Association, it typically takes eight years to approve wind energy projects in Greece.


"Renewable energy sources are essential to combat climate change, cut energy prices, lessen the Union's reliance on fossil fuels, and safeguard the Union's supply security," the document stated.


The approval and construction of renewable energy projects would be deemed to be in the "overriding public interest," allowing for a streamlined evaluation. The proposal said that EU people will continue to have the ability to participate in project choices.


Avoiding protected regions and bird migration routes, priority would be given to constructed areas such as rooftops, roads and railways, industrial sites, and public land surrounding them.


The general areas would be subject to an environmental review, but individual projects would no longer require one unless they had a major impact on the environment in another EU country, according to the proposal.


Smaller projects with a capacity of less than 150 kW in go-to zones would experience a six-month approval process, or nine months if there are safety or power system impact concerns.


The expedited permission rules would not apply to facilities that generate energy by burning biomass.