Economic news(2023/10/25)
IHI forecasts final loss of 90 billion yen due to aircraft engine failure issue
2023-10-25 20:43:00
IHI, a major machinery manufacturer, has announced that it will incur losses such as compensation costs due to a problem found in an aircraft engine it is participating in the development of. In addition, the company has revised its earnings forecast for this year downward, and now expects the company's final profit and loss, which had been expected to be in the black, to turn into a deficit of 90 billion yen.
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Japan Mobility Show opens tomorrow, Japanese companies unveiling next-generation EVs, etc.
2023-10-25 19:49:00
The venue was opened to the press on the 26th, ahead of the opening of the Japan Mobility Show, which was renamed from the Tokyo Motor Show. Japanese automakers will be unveiling new concept cars for the next generation of EVs (electric vehicles). Some even have flying vehicles...
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Keidanren Chairman Tokura says “passing on prices to companies is important” for next year’s spring labor union
2023-10-25 18:33:00
Keidanren Chairman Tokura expressed a certain level of understanding that a federation of labor organizations has decided to demand a wage increase of 5% or more, including regular wage increases, in next year's spring labor movement, and he is planning for next year's spring labor movement. recognized that it will be important for companies to expand their efforts to pass on raw material and labor costs to product prices.
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The yen exchange rate has fallen somewhat against the dollar.
2023-10-25 18:24:00
At the Tokyo foreign exchange market on the 25th, the yen depreciated somewhat against the dollar.
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Japan Mobility Show opens tomorrow, Japanese companies unveiling next-generation EVs, etc.
2023-10-25 18:09:00
The venue was opened to the press on the 26th, ahead of the opening of the Japan Mobility Show, which was renamed from the Tokyo Motor Show. Japanese automakers will be unveiling new concept cars for the next generation of EVs (electric vehicles). Some even have flying vehicles...
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Unusual changes during “autumn harvest” affect the quality and yield of agricultural crops due to record heat
2023-10-25 17:57:00
This past summer was the hottest on record. This has had a major impact on the yield and quality of agricultural crops. ``Green onions'' did not grow to a sufficient thickness, and ``Japanese parsley'' suffered a significant drop in yield. Some events may be canceled... The impact is spreading all over the place.
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Mitsubishi Electric strengthens development and production system for defense equipment, investing over 20 billion yen in three locations
2023-10-25 17:22:00
As the government aims to strengthen its defense capabilities, major electronics manufacturer Mitsubishi Electric has decided to invest more than 20 billion yen in three bases in Japan that handle defense equipment to strengthen its development and production system. .
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Manufacturer affiliated with former Hitachi, Ltd. goes public with market capitalization exceeding 540 billion yen, the largest this year
2023-10-25 17:19:00
On the 25th, a semiconductor manufacturing equipment manufacturer affiliated with the former Hitachi, Ltd. was listed on the prime market of the Tokyo Stock Exchange. The market capitalization at the time of listing exceeded 540 billion yen, making it the largest listing this year.
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Japan Mobility Show opens tomorrow, Japanese companies unveiling next-generation EVs, etc.
2023-10-25 17:03:00
The venue was opened to the press on the 26th, ahead of the opening of the Japan Mobility Show, which was renamed from the Tokyo Motor Show. Japanese automakers will be unveiling new concept cars for the next generation of EVs (electric vehicles). Some even have flying vehicles...
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Supermarket sales in September increased by 2.8% compared to the same month last year, the 7th consecutive month of increase
2023-10-25 15:56:00
Sales at major supermarkets nationwide were 1,070.8 billion yen in September, an increase of 2.8% compared to the same month last year due to the impact of product price increases, and an increase of 2.8% for the seventh consecutive month. Ta.
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Stock prices rise Buy orders for stocks such as semiconductors due to the rise in the NY market
2023-10-25 15:37:00
The Tokyo stock market and Nikkei average stock price rose on the 25th.
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Gasoline price 173.4 yen per liter, falling for 7 consecutive weeks due to subsidy expansion
2023-10-25 14:58:00
The national average retail price of regular gasoline as of the 23rd was 173.4 yen per liter, declining for seven consecutive weeks due to the expansion of government subsidies.
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Japan Mobility Show opens tomorrow, Japanese companies unveiling next-generation EVs, etc.
2023-10-25 13:28:00
The venue was opened to the press ahead of the opening of the Japan Mobility Show, which was renamed from the Tokyo Motor Show, on the 26th. Japanese automakers will be unveiling new concept cars for the next generation of EVs (electric vehicles).
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Ministry of Finance leaves national economic outlook unchanged, ``downward decline in overseas economies is a risk''
2023-10-25 13:02:00
The Ministry of Finance has left its assessment of the national economy as ``moderately recovering.'' As for the outlook, risks include a downturn in overseas economies, including the effects of global monetary tightening.
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House of Councilors plenary session representative question: debate over economic measures, ministerial qualifications, etc.
2023-10-25 12:52:00
At the plenary session of the House of Councilors, which began on the 25th, representatives from each party began questioning Prime Minister Kishida's policy speech, and debate ensued over new economic measures in response to rising prices and the qualifications of cabinet ministers.
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Stock price rise ``Buy orders gather for a wide range of stocks''
2023-10-25 12:07:00
Stock prices are rising on the Tokyo stock market on the 25th.
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Japan Mobility Show opens tomorrow, Japanese companies unveiling next-generation EVs, etc.
2023-10-25 11:54:00
The venue was opened to the press ahead of the opening of the Japan Mobility Show, which was renamed from the Tokyo Motor Show, on the 26th. Japanese automakers will be unveiling new concept cars for the next generation of EVs (electric vehicles).
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US GM Cruise's fully self-driving taxi operation license suspended
2023-10-25 10:26:00
The state of California in the western United States has suspended a company operating fully self-driving taxis in San Francisco from being allowed to operate without a driver on the grounds that they are not safe to operate on public roads. .
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Long-term interest rates rise to 0.865%, the highest level in about 10 years
2023-10-25 09:59:00
In the bond market on the 25th, selling of Japanese government bonds intensified, and long-term interest rates hit 0.865% just after 9 a.m., the highest level in about 10 years since July 2013. In the United States, the yield on 10-year government bonds, an indicator of long-term interest rates, has remained at a high level of nearly 5% due to the view that monetary tightening will be prolonged. As a result, upward pressure on long-term interest rates is increasing even in Japan.
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Microsoft Google Increased sales and profits due to strong cloud business
2023-10-25 09:06:00
In the financial results for the three months ending last month for American IT giants Microsoft and Google's parent company, both companies posted increases in revenue and profits due to strong performance in their cloud businesses. In both cases, the sales growth rate has turned to double digits, and attention will be focused on the impact that the generative AI that they are focusing on will have on their future business results.
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Ask an expert: Is GDP positive for the fifth consecutive quarter?
2023-10-25 06:42:00
America's GDP = Gross Domestic Product from July to September will be announced on the 26th. There is a widespread view in the market that this will be the fifth consecutive quarter of positive growth, and this is likely to demonstrate the robustness of the American economy even with high interest rates.
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US GM withdraws earnings forecast due to United Auto Workers strike
2023-10-25 06:21:00
GM (General Motors), a major American automaker, has announced that it will withdraw its earnings forecast for this year, citing uncertain business results due to the UAW (United Auto Workers Union) strike. A prolonged strike is affecting American auto production.
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Expressway commuting discounts to be expanded to 24 hours a day, to be introduced on a trial basis from April next year
2023-10-25 05:33:00
Regarding the toll discount measures for people who use expressways for commuting, etc., which are designed to alleviate congestion on general roads, the government has limited them to weekdays because the number of people who work regardless of the day of the week or time is increasing. Our policy is to offer discounts no matter when you use the service, including Saturdays and Sundays.
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United Auto Workers union strike spreads to GM's main plants, reaching over 45,000 workers
2023-10-25 02:13:00
The UAW (United Automobile Workers Union) in the United States, which has been on strike against three major automakers, has announced that it will include General Motors' main factory in southern Texas. The number of participants in the strike has expanded to over 45,000.
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