Economic news(2023/10/20)
[Economy column]
2023-10-20 20:40:00
SBI Shinsei Bank was delisted on September 28th. The biggest management challenge is to promptly repay the 349 billion yen in public funds that the company received from the government. This time, the company envisioned a scenario in which it would be delisted, accelerate reforms under its parent company SBI Holdings, and pave the way for repaying public funds. However, on the very day of the delisting, it was revealed that an investment company had acquired a 9.75% stake in SBI Shinsei Bank. It seems like there is an unexpected side effect, but what is its purpose? And what will happen to the repayment of public funds? Interviewed. (Economy Department reporter Airi Enoshima)
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Toyota Motor Corporation 8 production lines at 6 factories will continue to be suspended on the 23rd
2023-10-20 20:17:00
Toyota Motor Corporation, whose production lines at some of its factories continue to be suspended due to equipment problems at its business partners, is able to resume operations at some factories on the 23rd of next week, but a total of eight production lines at six factories will continue to operate. announced that it would be discontinued.
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Consumer price index in September increased by 2.8% compared to the same month last year
2023-10-20 19:46:00
The Consumer Price Index for September, which measures the price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 2.8% from the same month last year. The rate of increase decreased by 0.3 points from the previous month to the 2% level for the first time since August last year.
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NTT West subsidiary's information leak affects about 4 million companies. Customers should know about it
2023-10-20 19:44:00
A former temporary employee of a subsidiary of NTT West illegally leaked about 9 million pieces of personal information from local governments, companies, etc. Of this, about 4 million pieces may have been leaked from a company in Okayama Prefecture. , learned about the issue after receiving inquiries from customers and contacted the police in March last year. Police are conducting an investigation by voluntarily interviewing former temporary employees.
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Toyota car dealership overcharged for repair and painting over 1,400 cases in Hokkaido
2023-10-20 19:32:00
It has been revealed that there were more than 1,400 cases in which a company in Hokkaido that sells Toyota Motor Corporation charged more than the original price for car repair and painting. Similar incidents have come to light at Toyota car sales companies in Ibaraki, Shizuoka, and Okinawa prefectures.
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Hakuhodo launches investigation committee for overcharging business partners for TV commercial production work
2023-10-20 19:15:00
Advertising giant Hakuhodo has announced that it overcharged multiple business partners for production work such as TV commercials, in violation of rules. The company has set up an investigation committee comprised of outside experts to understand the full scope of the inappropriate billing.
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“Demanding a wage increase of 5% or more in spring labor strikes is a reasonable goal,” representative secretary of Keizai Doyukai
2023-10-20 19:07:00
Niinami, representative secretary of the Japan Association of Corporate Executives, said at a press conference that a coalition of labor organizations is calling for a wage increase of 5% or more, including regular wage increases, in next year's spring labor union, as responding to the labor shortage becomes an issue. , recognized that this is a reasonable goal for a major company.
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Yen market price temporarily fell to 150 yen per dollar, yen-selling dollar-buying movement
2023-10-20 19:06:00
In the foreign exchange market on the 20th, there was a movement of selling yen and buying dollars, and the yen exchange rate dropped to 150 yen to the dollar at one point in the evening.
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Big Motor did not attend hearing, Ministry of Land, Infrastructure, Transport and Tourism will issue formal punishment next week
2023-10-20 19:02:00
Regarding the disciplinary policy announced by the Ministry of Land, Infrastructure, Transport and Tourism last week regarding Big Motor's fraudulent insurance claims, a hearing was held on the 20th to hear the company's opinion, but the company did not attend. was. The Ministry of Land, Infrastructure, Transport and Tourism says it has no objections to the disposal policy and plans to formally dispose of it next week.
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Bank of Japan Governor Ueda “Consumer price outlook: contraction once, then expansion again”
2023-10-20 18:39:00
Regarding the future outlook for consumer prices, Bank of Japan Governor Ueda predicted that they would decline temporarily as the impact of price pass-through due to the rise in import prices fades, but that they would rise again moderately as wages rise. Ta.
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Maglev opening: Increased Shinkansen stops in Shizuoka Prefecture will have an economic impact of 160 billion yen Ministry of Land, Infrastructure, Transport and Tourism
2023-10-20 18:23:00
The Ministry of Land, Infrastructure, Transport and Tourism has compiled an estimate that if the Tokaido Shinkansen were to increase the number of stops at stations in Shizuoka Prefecture with the opening of the Linear Chuo Shinkansen, an economic effect of approximately 160 billion yen would be generated over 10 years. . By showing concrete effects, we hope to gain understanding from Shizuoka Prefecture, which has not approved the start of construction of the Linear Chuo Shinkansen.
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Big Motor did not attend hearing, Ministry of Land, Infrastructure, Transport and Tourism will issue formal punishment next week
2023-10-20 18:11:00
Regarding the disciplinary policy announced by the Ministry of Land, Infrastructure, Transport and Tourism last week regarding Big Motor's fraudulent insurance claims, a hearing was held on the 20th to hear the company's opinion, but the company did not attend. was. The Ministry of Land, Infrastructure, Transport and Tourism says it has no objections to the disposal policy and plans to formally dispose of it next week.
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NTT West subsidiary's information leak affects about 4 million companies. Customers should know about it
2023-10-20 17:26:00
A former temporary employee of a subsidiary of NTT West illegally leaked approximately 9 million pieces of personal information from local governments, companies, etc. A company in Okayama Prefecture, of which approximately 4 million pieces of personal information may have been leaked, had customers It turns out that the company became aware of the problem after receiving an inquiry from someone saying that they had received a solicitation call, and that they consulted the police in March of last year.
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Suntory HD to negotiate about 7% wage increase for second consecutive year
2023-10-20 17:11:00
With continued wage increases and their levels becoming the focus of next year's spring labor union, major beverage company Suntory Holdings has decided to enter into negotiations with labor unions with a view to increasing wages by around 7% for the second consecutive year. Major companies are already beginning to move toward raising wages one after another.
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Consumer price index in September increased by 2.8% compared to the same month last year
2023-10-20 16:50:00
The Consumer Price Index for September, which measures the price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 2.8% from the same month last year. The rate of increase decreased by 0.3 points from the previous month to the 2% level for the first time since August last year.
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Stock prices fall Long-term interest rates rise Semiconductor-related stocks are sold off
2023-10-20 16:20:00
On the 20th, the Tokyo stock market and the Nikkei Stock Average fell.
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Maglev opening: Increased Shinkansen stops in Shizuoka Prefecture will have an economic impact of 160 billion yen Ministry of Land, Infrastructure, Transport and Tourism
2023-10-20 16:08:00
The Ministry of Land, Infrastructure, Transport and Tourism has compiled an estimate that if the Tokaido Shinkansen were to increase the number of stops at stations in Shizuoka Prefecture with the opening of the Linear Chuo Shinkansen, an economic effect of over 160 billion yen would be generated over 10 years. . By showing concrete effects, we hope to gain understanding from Shizuoka Prefecture, which has not approved the start of construction of the Linear Chuo Shinkansen.
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NTT West president apologizes for illegally leaking approximately 9 million pieces of personal information from a subsidiary
2023-10-20 15:57:00
In response to an issue in which a former temporary employee who was in charge of operation and maintenance of a call center system at a subsidiary of NTT West illegally leaked about 9 million pieces of personal information from local governments and companies, the president of NTT West, the parent company, Masaaki Mori, said, I would like to express my deepest apologies to everyone who did this."
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China imposes export restrictions on graphite-related items Lithium-ion battery materials
2023-10-20 12:54:00
The Chinese Ministry of Commerce and the General Administration of Customs announced on the 20th that export controls will be implemented from December 1st this year on graphite-related items used as materials for lithium-ion batteries. The law states that this is to protect national security and interests, and requires exporting companies to indicate the final users and uses, and then undergo government review and obtain permission.
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Toyota agrees to adopt Tesla charging standards for EVs sold in North America
2023-10-20 11:37:00
Toyota Motor Corporation announced that it has agreed to adopt American EV manufacturer Tesla's charging standards from 2025 for EVs sold in North America. Nissan Motors and Honda have also decided to adopt it, and adoption of Tesla's charging standard is spreading in North America.
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Long-term interest rates rise to 0.845%, the highest level in about 10 years
2023-10-20 10:32:00
In the bond market on the 20th, the selling of Japanese government bonds intensified, and long-term interest rates rose to 0.845% in the morning, the highest level in about 10 years since July 2013. When a government bond is sold, its price falls and interest rates rise.
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Consumer price index in September increased by 2.8% compared to the same month last year
2023-10-20 10:22:00
The Consumer Price Index for September, which measures the price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 2.8% from the same month last year. The rate of increase decreased by 0.3 points from the previous month to the 2% level for the first time since August last year.
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Long-term interest rates rise to 0.845%, the highest level in about 10 years
2023-10-20 09:21:00
In the bond market on the 20th, selling of Japanese government bonds intensified, and long-term interest rates reached 0.845% at around 8:50 a.m., the highest level in about 10 years since July 2013. In the US market on the 19th, the yield on 10-year government bonds, an indicator of long-term interest rates, exceeded 4.99% and approached 5%, the highest level in approximately 16 years and 3 months, due to the view that monetary tightening will be prolonged. As a result of this update, upward pressure on long-term interest rates is increasing in Japan as well.
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Consumer price index in September increased by 2.8% compared to the same month last year
2023-10-20 08:55:00
The Consumer Price Index for September, which measures the price movements of goods and services consumed at home, increased by 2.8% compared to the same month last year, excluding fresh food, which is subject to large fluctuations due to weather. This was a decrease of 0.3 points from the 3.1% increase in August. This is the first time in 13 months since last August that the rate of increase has been in the 2% range. The main reason for this is that electricity and city gas prices have fallen due to government burden reduction measures. On the other hand, the price of "food excluding fresh food" has increased by 8.8% compared to the same month last year, and continues to remain at a high level.
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NY stock prices fall for the second consecutive day due to tensions in the Middle East and rise in US long-term interest rates
2023-10-20 08:02:00
On the 19th, the New York stock market saw sell orders due to concerns about the economic outlook, as the situation in the Middle East became tense and long-term interest rates in the United States rose, hitting a new level for the first time in about 16 years and three months. The Dow Jones Industrial Average fell for the second day in a row.
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