This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2023/07/25)


Kyoto   Hakone

"Web3" International Conference Begins in Tokyo Attention as a Next-Generation Network

2023-07-25 22:47:00
An international conference on the theme of "Web3", which is attracting attention as a next-generation network to replace the current Internet, has started in Tokyo, and domestic and foreign companies and government officials are discussing the future.

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37 people seconded to Sompo Japan Big Motor for investigation of “unfamiliarity”

2023-07-25 19:39:00
It turned out that a total of 37 people were seconded to Big Motor since 2011 by Sompo Japan, a major non-life insurance company, due to the problem of fraudulent insurance claims by Big Motor. The company explained that the seconded employee was unaware of the fraud, but plans to conduct an investigation by an outside lawyer to confirm the facts once again.

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[Details] Big Motor President Kaneshige announces his resignation at a press conference

2023-07-25 19:26:00
Hiroyuki Kaneshige, the president of used car sales company "Big Motor", held a press conference for the first time on the 25th due to fraudulent insurance claims. President Kaneshige apologized and announced that he will resign as president on the 26th to take responsibility for the series of problems. He also announced the resignation of his son, Vice President Koichi Kaneshige. Senior Managing Director Shinji Izumi will be appointed as the successor president. We will inform you of the details of the meeting in chronological order.

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Primary budget deficit expected in FY2025 despite high growth

2023-07-25 18:31:00
The Cabinet Office has compiled the latest estimates for the "primary balance," one of the indicators of fiscal soundness, and even assuming relatively high economic growth, the government expects a deficit of around 1.3 trillion yen in fiscal 2025, which is the government's goal of turning a surplus.

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yen exchange rate small price movement

2023-07-25 18:15:00
On the 25th, the Tokyo foreign exchange market and the yen exchange rate moved slightly.

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Sogo Seibu Workers' Union Strike Rights Established Request to Maintain Employment by Selling to Investment Fund

2023-07-25 17:48:00
The labor union of major department stores Sogo and Seibu has announced that the right to strike has been established as a result of a vote by union members, and the approval rate has risen to more than 93%. In response to the sale of the company to an investment fund by its parent company, Seven & i Holdings, the union has expressed concerns about maintaining employment, and wants to discuss with management with a view to exercising the right to strike.

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Toyota Motor plans to raise the price paid to the transportation consignment company

2023-07-25 17:12:00
Toyota Motor has revealed a policy to raise the price paid to the company that outsources the transportation of parts in response to the tightness of logistics. The aim is to maintain wage levels even after regulations on overtime work for truck drivers are tightened in April next year.

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[Details] Big Motor President Kaneshige announces his resignation at a press conference

2023-07-25 16:18:00
Hiroyuki Kaneshige, the president of used car sales company "Big Motor", held a press conference for the first time on the 25th due to fraudulent insurance claims. President Kaneshige apologized and announced that he will resign as president on the 26th to take responsibility for the series of problems. He also announced the resignation of his son, Vice President Koichi Kaneshige. Senior Managing Director Shinji Izumi will be appointed as the successor president. I will give you the details of the remarks at the conference in chronological order.

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Slight price movements in stock prices Spread a wait-and-see mood during "Central Bank Week"

2023-07-25 16:18:00
On the 25th, the Tokyo stock market and stock prices were slightly volatile.

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Sogo Seibu Workers' Union Strike Rights Established Request to Maintain Employment by Selling to Investment Fund

2023-07-25 16:11:00
The labor union of major department stores Sogo and Seibu announced that 93.9% of its members voted in favor of the strike, establishing the right to strike. Regarding Sogo and Seibu, the union side has expressed concerns about maintaining employment in response to the decision by parent company Seven & i Holdings to sell to an investment fund, and the exercise of the right to strike is also in view.

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Nationwide supermarket sales in June increased by 2.1% year-on-year, increasing for 4 consecutive months

2023-07-25 15:57:00
Last month's sales at major supermarkets across the country were 1.809 trillion yen, an increase of 2.1% compared to the same month of the previous year compared to existing stores, and an increase for four consecutive months.

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Toyota China joint venture factory contract employee contract terminated before the end of the period

2023-07-25 15:27:00
Amid declining sales of Japanese automakers in the Chinese market, Toyota Motor's Chinese subsidiary has terminated the contract of about 1,000 contract employees working at the local joint venture factory before the end of the period in order to respond to the recent production situation.

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[Details] Big Motor President Kaneshige announces his resignation at a press conference

2023-07-25 13:43:00
Hiroyuki Kaneshige, the president of used car sales company "Big Motor", held a press conference for the first time on the 25th due to fraudulent insurance claims. President Kaneshige apologized and announced that he will resign as president on the 26th to take responsibility for the series of problems. He also announced the resignation of his son, Vice President Koichi Kaneshige. Senior Managing Director Shinji Izumi will be appointed as the successor president. I will tell you the details of the meeting.

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[Breaking News] President of Big Motor Co., Ltd. announces his resignation at a press conference

2023-07-25 12:26:00
Hiroyuki Kaneshige, president of the used car sales company "Big Motor", held a press conference at 11:00 am due to the fraudulent insurance billing problem, and announced that he would resign as president on the 26th to take responsibility for the series of problems. He also announced the resignation of his son, Vice President Koichi Kaneshige. Senior Managing Director Shinji Izumi will be appointed as the successor president. We will keep you posted on the details of the meeting.

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[Breaking News] President of Big Motor Co., Ltd. announces his resignation at a press conference

2023-07-25 12:12:00
Hiroyuki Kaneshige, president of used car sales company Big Motor, held a press conference at 11:00 a.m. on the issue of fraudulent insurance claims, and announced that he would resign as president on the 26th, taking responsibility for a series of problems. He also announced the resignation of his son, Vice President Koichi Kaneshige. Senior managing director Shinji Izumi will be appointed as the successor president. We will keep you posted on the details of the meeting.

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[Breaking News] President of Big Motor Co., Ltd. announces his resignation at a press conference

2023-07-25 11:18:00
Hiroyuki Kaneshige, president of used car sales company Big Motor, held a press conference at 11:00 a.m. on the issue of fraudulent insurance claims, and announced that he would resign as president on the 26th, taking responsibility for a series of problems. Senior managing director Shinji Izumi will be appointed as the successor president. We will keep you posted on the details of the meeting.

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Sompo J Big Motor cannot recognize fraudulence and set up an external investigation committee

2023-07-25 10:28:00
In the problem of fraudulent insurance claims by Big Motor, the major non-life insurance company "Sompo Japan" took a serious look at the fact that it could not recognize the fraud, and announced that it would set up an investigation committee of outside lawyers and investigate the facts again.

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[Breaking news] Press conference and announcement from 11:00 a.m.

2023-07-25 08:27:00
The used car sales company "Big Motor" announced that President Hiroyuki Kaneshige will hold a press conference from 11:00 am on the 25th due to the problem of fraudulent insurance claims. Attention will be paid to whether the fraud was committed throughout the organization and how to explain management responsibility.

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[Breaking news] Press conference and announcement from 11:00 a.m.

2023-07-25 08:06:00
Used car sales company "Big Motor" announced that President Hiroyuki Kaneshige will hold a press conference in Tokyo from 11:00 am on the 25th due to the problem of intentionally damaging the car and illegally claiming insurance money for automobile insurance.

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“Level 4” automated driving startup company achieves short-term development

2023-07-25 06:49:00
The development of vehicles compatible with "Level 4" automated driving, which was lifted in April this year, is accelerating. A Japanese start-up has achieved rapid development by modifying existing vehicles.

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Wheat futures prices soar as Odesa port attacked by Russian forces

2023-07-25 06:34:00
International wheat futures prices soared on the Chicago Board of Trade on Thursday after Russia attacked a port on the Danube River in Odesa province in southern Ukraine.

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NY Dow Highs for the first time in about 1 year and 5 months 11 consecutive business days rise for the first time in 6 years and 5 months

2023-07-25 06:15:00
On the 24th of the week, the New York stock market and the Dow Jones Industrial Average rose for 11 consecutive business days, reaching the highest level in about 1 year and 5 months. It is also the first time in 6 years and 5 months that prices have risen for 11 consecutive business days.

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37 people seconded to Sompo Japan Big Motor for investigation of “unfamiliarity”

2023-07-25 06:05:00
It turned out that a total of 37 people were seconded to Big Motor since 2011 by Sompo Japan, a major non-life insurance company, due to the problem of fraudulent insurance claims by Big Motor. The company explained that the seconded employee was unaware of the fraud, but plans to conduct an investigation by an outside lawyer to confirm the facts once again.

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Insurance companies file claims for damages against Big Motor over fraudulent insurance claims

2023-07-25 05:24:00
In the problem of fraudulent insurance claims by Big Motor, a major used car sales company, non-life insurance companies have decided to claim damages against Big Motor, claiming that they paid insurance money and related costs in response to fraudulent claims and suffered damage.

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Twitter abolishes blue bird logo, officially changes brand to "X"

2023-07-25 05:11:00
American social media giant Twitter has officially ditched its iconic blue bird logo and changed its brand to the 'X' after the company that operates it.

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Sogo/Seibu labor union voting results for establishment of strike right announced on 25th

2023-07-25 04:38:00
The results of a vote by union members to establish the right to strike due to concerns about the maintenance of employment by the labor union over Sogo and Seibu, which the management of Seven & i Holdings decided to sell, will be announced on the 25th. Based on the results, the labor union is ready to proceed with negotiations with the company.

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