A report presented by German climate minister Robert Habeck shows that Germany must reduce its energy consumption by 25% over the next eight years if it is to achieve its ambitious climate goals. The new German government has set itself the target of reducing CO₂ emissions by 65% by the end of the current decade compared to 1990 levels.
At a bilateral economic and trade meeting, Japan called for greater collaboration with Taiwan on semiconductior manufacturing. Mitsuo Ohashi, the Chariman of the Japan-Taiwan Exchange Association, said he hoped the collaboration will positively impact the resilience of the supply chains of both countries. Although Chinese-claimed Taiwan and Japan do not have formal diplomatic ties, they have close unofficial relations. Both share concerns about China, especially its increased military activities near the two.
In the first independent calculation of the coalition agreement, the Central Planning Bureau (CPB) says that the Dutch government debt will rise to 92% of GDP in 2060 as a result of the plans of the Rutte-IV cabinet. The Netherlands has only seen such a debt level before shortly after the Second World War.
The 6M Euribor increased with 1 basis point to -0.53% compared to previous business day. The 10Y Swap increased with 2 basis points to 0.40% compared to previous business day.
In the attachment, today’s market data on money and capital market rates as well as other rates are presented.
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