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

Economic news(2023/10/31)


Kyoto   Hakone

NY market price drops to 151 yen to $1 for the first time in about a year since October last year

2023-10-31 23:10:00
31日のニューヨーク外国為替市場では円安が進み、円相場は一時、1ドル=151円台まで値下がりしました。1ドル=151円台をつけるのは、去年10月以来、およそ1年ぶりです。日銀は31日、金融政策の運用をより柔軟化することを決めましたが、市場では大きな修正ではなかったと受け止められ、金融緩和が続くとの見方から日米の金利差が意識されて、円を売ってより利回りが見込めるドルを買う動きが強まりました。

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Sales of Japanese-made products continue to slump on Chinese e-commerce sites over treated water release

2023-10-31 21:39:00
Regarding the release of treated water accumulated at Tokyo Electric Power Company's Fukushima Daiichi Nuclear Power Plant, sales of Japanese-made products continued to be sluggish on Chinese e-commerce sites, and sales of Japanese-made products continued to decline in the month and a half ending in early October compared to the same period last year. A survey by a marketing company found that sales decreased by approximately 30%, or 31 billion yen.

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Eurozone GDP growth rate from July to September - 0.1% compared to the previous three months

2023-10-31 21:27:00
The growth rate of GDP (gross regional product) in the euro area, including Germany and France, from July to September this year was -0.1% compared to the previous three months. The weakness of the economy has become clear due to the effects of interest rate hikes for more than a year.

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Tokaido Shinkansen wagon sales have ended, and that “Sugoi Katai Ice” too

2023-10-31 21:22:00
JR Tokai will end the sale of wagons inside the Tokaido Shinkansen trains on the 31st. From now on, you will be able to purchase products from vending machines on the platform, but some customers have expressed their regrets about the "amazing" hardness of the ice cream that has become a hot topic on social media.

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Bank of Japan reviews monetary policy and aims to set upper limit on long-term interest rates to 1%

2023-10-31 21:09:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan maintained large-scale monetary easing measures and revised its previous policy of keeping the upper limit on long-term interest rates strictly at 1%. 1%," and decided to make monetary policy more flexible. The Bank's policy is to allow interest rates to rise up to a certain level even if long-term interest rates exceed 1%.

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London market Yen falls to 160 yen level against euro for the first time in about 15 years

2023-10-31 21:03:00
In the London foreign exchange market on the 31st, the yen's depreciation and euro appreciation accelerated as the interest rate differential between Japan and the euro zone widened. The yen exchange rate at one point fell to the 160 yen level per euro, the weakest level in about 15 years.

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Eurozone GDP growth rate from July to September - 0.1% compared to the previous three months

2023-10-31 20:17:00
The growth rate of GDP (gross regional product) in the euro zone, such as Germany and France, from July to September was -0.1% compared to the previous three months. In the euro area, inflation and interest rate hikes have stagnated economic activity, highlighting the slowness of economic recovery.

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10 major electric power companies report six-month financial results, all in the black due to lower fuel costs for thermal power generation

2023-10-31 20:16:00
This year, the 10 major electric power companies completed their financial statements for the six months from April to September, and all 10 companies were in the black due to a decrease in the cost of fuel used for thermal power generation.

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All Nippon Airways will reduce domestic flights by approximately 30 flights per day from January to March next year due to engine failure

2023-10-31 19:49:00
In response to the announcement that a defect was found in an aircraft engine manufactured by an American manufacturer, All Nippon Airways has reduced its domestic flights by approximately 30 flights per day from January to March next year, for which reservations are already being accepted. I decided. It has been decided that some international flights will be reduced, and approximately 40,000 people will need to change their reservations.

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Major banks move to further raise fixed mortgage interest rates in November

2023-10-31 19:12:00
As long-term interest rates continue to rise, major banks are moving to further raise fixed interest rates on home loans that will apply in November.

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London market Yen falls to 160 yen level against euro for the first time in about 15 years

2023-10-31 18:54:00
In the London foreign exchange market on the 31st, there was an increase in yen selling and euro buying as people were conscious of the widening interest rate differential between Japan and the euro area. The yen temporarily fell to the 160 yen level against the euro, the first time in about 15 years since August 2008. On the 31st, the Bank of Japan decided to make monetary policy more flexible, but the market did not see this as a major correction, and with the view that monetary easing would continue, the movement to sell the yen against the euro accelerated. did.

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Yen exchange rate falls; perception is that “Bank of Japan announcement is not a major revision”

2023-10-31 18:36:00
In the Tokyo foreign exchange market on the 31st, the Bank of Japan's announcement to flexibly implement monetary policy was not perceived as a major correction in the market, and the yen exchange rate fell.

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Economy, Trade and Industry Minister Nishimura predicts that reserve margin will be secured without requesting power saving in winter for the first time in two years

2023-10-31 18:12:00
Minister of Economy, Trade and Industry Nishimura said that it is expected that the "reserve margin", which indicates surplus power supply capacity in this winter's electricity supply and demand situation, will be able to secure the 5% necessary for stable supply in all regions of the country, for the first time in two years. We have indicated a policy of not requesting power saving.

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Long-term interest rates temporarily rose to 0.955%, the highest level in 10 years and 5 months

2023-10-31 18:06:00
In the bond market on the 31st, selling of Japanese government bonds intensified, and long-term interest rates hit 0.955% in morning trading, the highest level in 10 years and 5 months since May 2013.

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SBI Holdings and Taiwanese semiconductor giant announce construction of factory in Miyagi

2023-10-31 17:54:00
SBI Holdings, a major online financial company, has officially announced that it will build a semiconductor factory in Ohira Village, Miyagi Prefecture in collaboration with a major Taiwanese semiconductor company. The first phase of the factory will cost approximately 420 billion yen, with the aim of starting operations in 2027.

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[Details] Bank of Japan press conference aims to set long-term interest rate ceiling at 1%

2023-10-31 17:27:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan maintained large-scale monetary easing measures and revised its previous policy of keeping the upper limit on long-term interest rates strictly at 1%. 1%," and decided to make monetary policy more flexible. Bank of Japan Governor Ueda held a press conference at 3:30 p.m. to explain the purpose of this decision. Here is a detailed timeline of Governor Ueda's remarks at the press conference.

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Significant decline in the ratio of first-grade rice to the national average, especially in rice-producing Niigata due to the intense heat

2023-10-31 17:25:00
Due to the record-breaking heatwave, the proportion of ``first-class rice,'' which is considered to have the highest appearance rating, is decreasing. As of the end of last month, the national average had fallen significantly, and in Niigata Prefecture, a rice-producing region, the number had fallen by more than 13%, more than 60 points compared to the same period last year.

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[Breaking news] Bank of Japan press conference: Aim for long-term interest rate cap “1%”

2023-10-31 16:42:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan maintained large-scale monetary easing measures and revised its previous policy of keeping the upper limit on long-term interest rates strictly at 1%. 1%," and decided to make monetary policy more flexible. Bank of Japan Governor Ueda will hold a press conference from 3:30 p.m. to explain the purpose of this decision. We will update you on President Ueda's remarks at the press conference on this timeline.

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Vegetable prices Radish Chinese cabbage Prices remain high in the first half of November, returning to normal levels in the second half

2023-10-31 16:22:00
The Ministry of Agriculture, Forestry and Fisheries has announced the outlook for vegetable prices for November. Among the vegetables used in hot pot dishes, prices of daikon radish and Chinese cabbage will remain high in the first half of November due to drought, but prices are expected to drop to normal levels in the second half.

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Stock prices rise slightly following Bank of Japan's announcement of “more flexible” monetary policy

2023-10-31 16:07:00
On the 31st, the Tokyo stock market saw a mix of buying and selling following the Bank of Japan's announcement that it would make monetary policy more flexible, and the Nikkei Stock Average rose slightly.

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[Live streaming] Bank of Japan press conference: Aim for long-term interest rate cap “1%”

2023-10-31 16:05:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan maintained large-scale monetary easing measures and revised its previous policy of keeping the upper limit on long-term interest rates strictly at 1%. 1%," and decided to make monetary policy more flexible. Bank of Japan Governor Ueda will hold a press conference from 3:30 p.m. to explain the purpose of this decision. We will update you on President Ueda's remarks at the press conference on this timeline.

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Total number of guests in September: 50.28 million, an increase of 27.8% compared to the same month last year

2023-10-31 15:54:00
According to the Japan Tourism Agency, the number of people who stayed at domestic hotels and inns last month was 50.28 million, an increase of 27.8% from the same month last year.

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September: National housing starts decreased by 6.8% compared to the same month last year, 4th consecutive month of decline

2023-10-31 15:20:00
The number of housing units started nationwide in September was 68,941, a decrease of 6.8% from the same month last year. This is the fourth consecutive month of decline.

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All Nippon Airways will reduce domestic flights by approximately 30 flights per day from January to March next year due to engine failure

2023-10-31 15:14:00
In response to the announcement that a defect was found in an aircraft engine manufactured by an American manufacturer, All Nippon Airways will reduce its domestic flights by approximately 30 flights per day from January to March 2024, for which reservations are already being accepted. I decided. It has been decided that some international flights will be reduced, and approximately 40,000 people will need to change their reservations.

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Bank of Japan publishes “Outlook Report” Upward revision to 3-year price outlook

2023-10-31 14:21:00
The Bank of Japan released an "Outlook Report" in conjunction with the Monetary Policy Meeting, showing the outlook for prices for the three years starting from this fiscal year, and made upward revisions for each fiscal year.

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Bank of Japan reviews monetary policy and aims to set upper limit on long-term interest rates to 1%

2023-10-31 14:17:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan maintained large-scale monetary easing measures and revised its previous policy of keeping the upper limit on long-term interest rates strictly at 1%. 1%," and decided to make monetary policy more flexible.

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Bank of Japan reviews monetary policy and aims to set upper limit on long-term interest rates to 1%

2023-10-31 13:07:00
At the Monetary Policy Meeting held until the 31st, the Bank of Japan maintained large-scale monetary easing measures and revised its previous policy of keeping the upper limit on long-term interest rates strictly at 1%. 1%," and decided to make monetary policy more flexible.

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Yen market price temporarily drops to low 150 yen level following Bank of Japan decision

2023-10-31 13:06:00
In the Tokyo foreign exchange market on the 31st, after it was reported that the Bank of Japan had decided at its monetary policy meeting to aim for a cap on long-term interest rates of 1% and to make policy implementation more flexible, the yen market briefly declined. The price has fallen to the low 150 yen range.

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Bank of Japan policy meeting “1% long-term interest rate cap” focus on monetary policy review

2023-10-31 11:51:00
The Bank of Japan held its second monetary policy meeting on the 31st. With long-term interest rates approaching the de facto upper limit of 1%, the focus is on whether the current monetary policy, which aims to keep it at a lower level, should be revised.

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Economy, Trade and Industry Minister Nishimura predicts that reserve margin will be secured without requesting power saving in winter for the first time in two years

2023-10-31 11:16:00
Minister of Economy, Trade and Industry Nishimura said that it is expected that the "reserve margin", which indicates surplus power supply capacity in this winter's electricity supply and demand situation, will be able to secure the 5% necessary for stable supply in all regions of the country, for the first time in two years. We have indicated a policy of not requesting power saving.

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Industrial production index in September increased by 0.2% from the previous month, rising for the first time in three months

2023-10-31 10:45:00
The industrial production index, which measures corporate production activity, rose for the first time in three months.

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Long-term interest rates temporarily rose to 0.955%, the highest level in 10 years and 5 months

2023-10-31 09:39:00
In the bond market on the 31st, selling of Japanese government bonds intensified, and long-term interest rates hit 0.955% in morning trading, the highest level in 10 years and 5 months since May 2013.

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September industrial production index increased by 0.2% from the previous month, rising for the first time in three months

2023-10-31 09:06:00
The Industrial Production Index for last month/September, which shows corporate production activity, was 103.3 with 2020 as 100, an increase of 0.2% over the previous month and the first increase in three months. The Ministry of Economy, Trade and Industry maintained its basic judgment of "up and down."

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KIOXIA and Western Digital management integration negotiations suspended

2023-10-31 07:17:00
KIOXIA Holdings, a world major Japanese and American semiconductor and flash memory manufacturer, and Western Digital have suspended negotiations on a business integration that was aimed at reaching an agreement in October, with Western Digital planning to separate its business and rebuild itself. announced that it would proceed. Both companies will be forced to review their strategies.

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Major supermarkets and others are reducing prices of some products due to improved delivery efficiency

2023-10-31 06:58:00
As food prices continue to rise and consumers become more frugal, major supermarkets and other stores are reducing the prices of some products by making delivery more efficient.

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NY stock price rises significantly by over $500 due to fall in crude oil futures prices

2023-10-31 06:38:00
On the New York stock market on the 30th, the international crude oil futures price fell, and the recent upward trend was halted for the time being, so concerns about the economic outlook eased and buying orders increased. , the Dow Jones Industrial Average rose by more than 500 points.

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NY market temporarily rose to the low 148 yen level to the dollar due to observations on Bank of Japan policy

2023-10-31 06:07:00
On the 30th, in the New York foreign exchange market, there was a move to buy back the yen that had recently been sold due to speculation that the Bank of Japan might reconsider its interest rate control operations, and the yen exchange rate briefly fell to 1.0% for the first time in about two weeks. The dollar has risen to the late 148 yen level.

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United Auto Workers union announces tentative agreement with GM, ending strike

2023-10-31 05:56:00
The UAW (United Automobile Workers Union) in the United States, which has been on strike, has announced that it has reached a tentative agreement with GM (General Motors) on wage increases and other issues. The UAW has now reached tentative agreements with all three major automakers with which it had been negotiating, and the strike, which lasted more than a month, is expected to come to an end.

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Kyoto   Mt.Fuji


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