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

Economic news(2023/10/13)


Kyoto   Hakone

G20 Finance Ministers and Central Bank Governors Meeting concludes, joint statement adopted

2023-10-13 22:28:00
At the end of the G20 meeting of finance ministers and central bank governors from 20 major countries held in Morocco in North Africa, a joint statement was adopted stating that ``risks to the global economy still remain.'' The adoption of a joint statement has been postponed six times in a row due to conflicts over the situation in Ukraine.

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G20 Finance Ministers and Central Bank Governors Meeting 2nd day Discussion on risks of global economic slowdown

2023-10-13 20:00:00
The G20 (Finance Ministers and Central Bank Governors Meeting of 20 major countries), which is being held in Morocco in North Africa, has begun its second day of discussions and is scheduled to exchange opinions on the risk of a slowdown in the global economy and the regulation of crypto assets. Masu.

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Electric power cartel Ministry of Economy, Trade and Industry interviews KEPCO and other companies about efforts to prevent recurrence

2023-10-13 19:37:00
The Ministry of Economy, Trade and Industry has issued business improvement orders to the presidents of a total of five power companies and their subsidiaries due to an issue in which some major power companies are said to have formed a cartel over the sale of electricity to business operators. We conducted interviews to confirm the status of efforts to prevent recurrence.

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Financial Services Agency issues “report request order” to Zengin-Net due to remittance system glitch

2023-10-13 19:28:00
A glitch occurred in the remittance system between financial institutions, causing delays in the processing of more than 5 million transfers.The Financial Services Agency takes seriously the situation that affected many users and will operate the system. We have issued a ``report request order'' to Zengin-Net (National Bank Fund Settlement Network), requesting a report on the cause and measures to prevent recurrence based on the law.

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Fukui Governor Sugimoto “accepts KEPCO’s spent nuclear fuel removal plan”

2023-10-13 18:55:00
Regarding spent nuclear fuel from nuclear power plants in Fukui Prefecture, Governor Sugimoto of Fukui Prefecture met with Minister of Economy, Trade and Industry Nishimura and expressed his intention to approve Kansai Electric Power's plan to transport some of the nuclear fuel to France. I did. Kansai Electric Power had said it would shut down the nuclear power plant, which has been in operation for more than 40 years, if it could not provide a location for the removal outside the prefecture by the end of the year, but operations will continue.

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Yen market price decline

2023-10-13 18:36:00
At the Tokyo foreign exchange market on the 13th, the yen fell against the dollar.

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Takashimaya Gifu store to close at the end of July next year due to aging equipment and declining profits

2023-10-13 18:17:00
Takashimaya has announced that its store in Gifu City will cease operations and close at the end of July next year. In addition to aging equipment, profits have been declining due to the declining birthrate and aging population.

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Rice crop national average is ``on par with normal years'' but Niigata and Akita are ``slightly poor''

2023-10-13 18:07:00
The Ministry of Agriculture, Forestry and Fisheries has predicted that this year's rice crop will be ``on par with normal years'' on average nationally. However, rice production in Niigata and Akita prefectures is expected to be ``slightly poor'', with some areas affected by the intense heat.

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Electric power cartel Ministry of Economy, Trade and Industry interviews KEPCO and other companies about efforts to prevent recurrence

2023-10-13 17:57:00
The Ministry of Economy, Trade and Industry interviewed the presidents of five electric power companies and their subsidiaries that had issued business improvement orders due to a problem in which some major electric power companies had formed a cartel over the sale of electricity to business operators. and confirmed the status of efforts to prevent recurrence.

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More than 95% say “prices have gone up,” a record high in Bank of Japan’s lifestyle survey

2023-10-13 17:32:00
In a survey conducted by the Bank of Japan on individuals' lifestyle attitudes, more than 95% of people answered that prices have increased compared to a year ago, which is the highest ever, along with the previous survey.

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[Economy column from NY]

2023-10-13 16:56:00
Long-term interest rates in the United States greatly influence stock price movements and the yen exchange rate in the market. It is called the "economic thermometer" and is closely watched by financial professionals as it easily reflects future economic outlook. Currently, due to the large-scale conflict between the Islamic organization Hamas and Israel, for a time there was a tendency for risk-averse bond buying = interest rates to fall, but if we turn back the clock a little, we will see a decline in US finances, etc. As a result, it has just reached its highest level in 16 years. The ``economic thermometer'' will help us decipher the future, whether there is a possibility of a slight fever or an even higher fever. (American Bureau Reporter Daisuke Ezaki)

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Stock prices fall for more than 90% of stocks, leading to a general decline

2023-10-13 16:15:00
On the 13th, the Tokyo stock market and the Nikkei Stock Average fell.

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Decide on emergency response measures to strengthen agriculture, forestry and fisheries industries Policy to be reflected in economic measures Government

2023-10-13 14:36:00
In order to strengthen the agriculture, forestry and fisheries industry, the government has decided on an emergency response plan that includes expanding exports and turning the country into a growth industry using IT technology. The plan is to reflect these details in the economic measures to be compiled by the end of this month.

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Government to tighten regulations

2023-10-13 14:35:00
Smartphones are sometimes sold for as low as 1 yen, but the government has decided to tighten regulations on such extreme discounts from the beginning of next year. Why was such a discount possible? Do you know that there are people who are at a disadvantage? This time, commentator Junko Imai will explain smartphone prices, including how discounts work and what will happen in the future due to new regulations. (Video: 8 minutes 47 seconds)

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Electric power cartel Ministry of Economy, Trade and Industry interviews Kansai Electric Power Company about efforts to prevent recurrence

2023-10-13 12:46:00
The Ministry of Economy, Trade and Industry interviewed the president of Kansai Electric Power Company, who had issued a business improvement order, about efforts to prevent a recurrence of the problem in which some major electric power companies had formed a cartel over the sale of electricity to business operators. . In this meeting, Kansai Electric Power Company emphasized that it is working on reforming its organizational culture.

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IMF General Assembly: Questions abound about military conflict's impact on the world economy

2023-10-13 07:22:00
At the annual general meeting of the International Monetary Fund and the World Bank, held in Morocco in North Africa, reporters asked questions about the impact on the world economy following the large-scale military conflict between Israel and the Islamic organization Hamas. I'm here.

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NY financial market: Yen depreciates due to rise in long-term interest rates; Dow Jones Industrial Average stock value declines

2023-10-13 06:15:00
In the New York financial market on the 12th, the yen depreciated to the low 149 yen level to the dollar due to the rise in long-term interest rates as a result of growth in the US consumer price index exceeding market expectations. The Dow Jones Industrial Average also fell.

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G7 Finance Ministers and Central Bank Governors Meeting “Strongly condemns Hamas terrorist attack”

2023-10-13 05:28:00
A meeting of finance ministers and central bank governors from the G7 (7 major countries) was held in Morocco, North Africa, on the night of the 12th (Japan time), regarding the situation in the Middle East, which is becoming increasingly tense due to the conflict between Israel and the Islamic organization Hamas. We adopted a joint statement stating that we firmly condemn terrorist attacks against Israel.

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System glitch issue: Zengin-Net ordered to request report Financial Services Agency

2023-10-13 00:15:00
A glitch occurred in the remittance system between financial institutions, causing delays in the processing of more than 5 million transfers.The Financial Services Agency takes seriously the situation that affected many users and will operate the system. We have decided to issue a ``report request order'' to Zengin-Net (National Bank Fund Settlement Network), requesting a report on the cause and measures to prevent recurrence based on the law.

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Kyoto   Mt.Fuji


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