Economic news(2023/09/29)
2nd professional baseball team: 14 teams from 2024 What kind of teams will there be?
2023-09-29 21:04:00
It has been announced that two new teams, Shizuoka and Niigata, will participate in official second-team professional baseball games starting next year. "Hayate 223 (Fujisan)" and "Niigata Albirex Baseball Club". Why Shizuoka? Niigata? What kind of team? Is there a possibility that the number of first-team teams will increase? I will answer the questions that interest me.
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Expo venue construction costs Expo Association “We want to keep the upside as low as possible”
2023-09-29 19:42:00
The construction costs for the Osaka/Kansai Expo venue to be held next year are expected to be higher than before, and Keidanren Chairman Tokura, who is the head of the Expo Association, which is the organizer, said the amount is still being scrutinized. He stated that the market was in the mid range, and expressed his intention to limit the upside as much as possible.
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[Economy column]
2023-09-29 19:40:00
A new NISA system (hereinafter referred to as "New NISA") with expanded tax incentives for individual investors. This system is a pillar of the Kishida administration's ``Asset Income Doubling Plan,'' which aims to boldly and radically promote a shift from savings to investment. There are only three months left until the new NISA starts in January next year, but I don't think many people know what's going on. In the first place, have the procedures for using the new NISA started? I would like to investigate from such a basic point. (Economy Department reporter Aya Shinoda)
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Japan Display cancels business partnership with Chinese company in organic EL
2023-09-29 19:39:00
Japan Display, an LCD panel manufacturer, announced that it has canceled a planned business partnership with a Chinese company. The plan was to provide next-generation organic EL technology and have a Chinese company handle production, but the company now aims to produce its own products in China.
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The effects of the intense heat are also felt on rice: Niigata's ``first-class rice'' ratio is significantly lower than last year.
2023-09-29 19:15:00
Record-breaking heat waves are also affecting the quality of rice. According to the Ministry of Agriculture, Forestry and Fisheries, the ratio of ``first-class rice'', which is said to have the highest appearance rating, remained at 41% in rice-producing Niigata Prefecture as of the end of August, down more than 20 points from the same period last year. I understand this in summary.
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2nd professional baseball team: 14 teams from 2024 What kind of teams will there be?
2023-09-29 19:13:00
It has been announced that two new teams, Shizuoka and Niigata, will participate in official second-team professional baseball games starting next year. "Hayate 223 (Fujisan)" and "Niigata Albirex Baseball Club". Why Shizuoka? Niigata? What kind of team? Is there a possibility that the number of first-team teams will increase? I will answer the questions that interest me.
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Four non-life insurance companies report results of internal investigation into suspected price adjustment; Financial Services Agency to investigate the situation
2023-09-29 19:09:00
The four major non-life insurance companies have reported to the Financial Services Agency the results of internal investigations into cases in which price adjustment is suspected. There have been reports that problems have been found in insurance contracts with over 100 business partners, and the Financial Services Agency has decided to investigate the actual situation, saying that advance adjustment of prices may have been rampant within the industry.
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The yen rises against the dollar due to some decline in US long-term interest rates, etc.
2023-09-29 18:51:00
At the Tokyo foreign exchange market on the 29th, the yen rose against the dollar.
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Major banks raise fixed interest rates on housing loans starting in October
2023-09-29 18:27:00
As long-term interest rates continue to rise, major banks are making moves to further raise fixed interest rates on home loans that will be effective in October.
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Consumer attitude index declines in September; basic judgment: “improvement moves are stalling” downward revision
2023-09-29 17:37:00
The September ``Consumer Attitude Index,'' which shows consumers' willingness to shop, declined due to high prices and other factors, and the Cabinet Office lowered its basic assessment, stating that ``movements toward improvement seem to be stalling.'' Fixed.
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2nd professional baseball team: 14 teams from 2024 What kind of teams will there be?
2023-09-29 17:15:00
It has been announced that two new teams, Shizuoka and Niigata, will participate in official second-team professional baseball games starting next year. "Hayate 223 (Fujisan)" and "Niigata Albirex Baseball Club". Why Shizuoka? Niigata? What team? I will answer the questions that interest me.
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“Electricity sales cartel” Kyushu Electric Power files suit seeking cancellation of surcharge
2023-09-29 16:41:00
Kyushu Electric Power has canceled the Fair Trade Commission's order to major electric power companies to pay a surcharge for forming a cartel over the sale of electricity to business operators, citing differences of opinion. A lawsuit was filed in the Tokyo District Court. Chubu Electric Power and Chugoku Electric Power have also filed suit over this issue.
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Housing starts in August decreased by 9.4% compared to the same month last year, decreasing for 3 consecutive months
2023-09-29 16:28:00
The number of housing units started nationwide in August was 70,399, down 9.4% from the same month last year, marking the third consecutive month of decline.
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Number of domestic guests in August increased by 32.9% compared to the same month last year, and the number of foreign guests increased by approximately 14 times
2023-09-29 15:55:00
According to the Japan Tourism Agency, the number of people who stayed at domestic hotels and inns last month totaled 62.27 million, an increase of 32.9% from the same month last year.
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Ministry of Economy, Trade and Industry considering subsidy of up to 190 billion yen for major US semiconductor company's Hiroshima factory
2023-09-29 15:53:00
It has been learned that the Ministry of Economy, Trade and Industry is considering new subsidies of up to 190 billion yen for the next-generation semiconductor production facility being built in Hiroshima Prefecture by American semiconductor giant Micron Technology. This appears to be aimed at strengthening the domestic production system for semiconductors, which are becoming increasingly important for economic security.
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Stock price falls slightly
2023-09-29 15:47:00
On the 29th, the Tokyo stock market and the Nikkei Stock Average fell slightly.
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Long-term interest rates temporarily rose to 0.77%, the highest level in 10 years
2023-09-29 14:40:00
In the bond market on the 29th, the selling of Japanese government bonds intensified, and long-term interest rates rose to 0.77% at one point in the morning, the highest level in 10 years since September 2013.
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Honda to sell first EV in America next year, unveiling SUV jointly developed with GM
2023-09-29 11:45:00
While the Biden administration in the United States is supporting the spread of EVs (electric vehicles), Honda has unveiled the first EV to be sold in the United States and plans to release it next year. The aim is to catch up in EV sales, which have been lagging.
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Long-term interest rates temporarily rose to 0.77%, the highest level in 10 years
2023-09-29 11:01:00
In the bond market on the 29th, the selling of Japanese government bonds intensified, and long-term interest rates rose to 0.77% at one point in the morning, the highest level in 10 years since September 2013.
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August industrial production index remains unchanged from July
2023-09-29 10:54:00
The industrial production index, which indicates corporate production activity, remained unchanged from the previous month.
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Consumer price index for September in Tokyo's 23 wards increased by 2.5% from the same month last year
2023-09-29 10:28:00
The September consumer price index for Tokyo's 23 wards is preliminary, and the index, which excludes fresh food, which is subject to large fluctuations due to weather, rose 2.5% from the same month last year. The rate of increase decreased by 0.3 points from August, slowing for the third consecutive month due to the decline in electricity prices and other costs.
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Unemployment rate in August: 2.7%, unchanged from July
2023-09-29 10:19:00
The national unemployment rate in August was 2.7%, unchanged from the previous month.
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Long-term interest rates temporarily rose to 0.76%, the highest level in 10 years
2023-09-29 10:12:00
In the bond market on the 29th, the selling of Japanese government bonds intensified, and long-term interest rates rose to 0.76% at one point in the morning, the highest level in 10 years since September 2013.
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August industrial production index remains unchanged from July
2023-09-29 09:06:00
Last month's industrial production index, which indicates the production activity of companies, was 103.8 with 2020 as 100, unchanged from the previous month. The Ministry of Economy, Trade and Industry maintained its basic judgment of "up and down."
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Tokyo Consumer Price Index in September increased by 2.5% from last year
2023-09-29 08:53:00
The consumer price index for September in Tokyo's 23 wards is preliminary, and the index excluding fresh food, which is subject to large fluctuations due to weather, rose 2.5% from the same month last year.
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Unemployment rate in August: 2.7%, unchanged from July
2023-09-29 08:41:00
According to the Ministry of Internal Affairs and Communications, the national unemployment rate in August was 2.7%, unchanged from the previous month.
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Toyota to use recycled plastic bottles for new car seats
2023-09-29 06:49:00
This is a new movement towards reusing plastic bottles. Toyota Motor Corporation is collaborating with eight companies, including material manufacturers, to use materials made from recycled PET bottles for the seats of some new cars to be released next year.
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