Economic news(2023/11/08)
Consideration of a system that can direct the conversion of high-calorie crops during times of severe food shortages
2023-11-08 23:19:00
As strengthening food security becomes an issue, the Ministry of Agriculture, Forestry and Fisheries is asking domestic producers to purchase high-calorie foods such as sweet potatoes and rice in the event of an extremely serious food shortage due to global grain failures or conflicts. We have decided to consider a system that can direct the conversion to crops.
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Financial Services Agency considering canceling Big Motor's insurance agency registration
2023-11-08 19:16:00
The Financial Services Agency is considering revoking Big Motor's insurance agency registration based on the Insurance Business Law due to the issue of Big Motor fraudulently claiming insurance money by intentionally damaging cars. It has entered.
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Sharp's half-year results show operating loss of 5.8 billion yen due to slump in LCD panels.
2023-11-08 18:58:00
Sharp, a major electronics manufacturer, posted an operating loss of 5.8 billion yen in the operating income, which represents profits from its main business, due to continued slump in the LCD panel business for PCs and other products in its financial results for the six months to September this year. .
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G7 adopts joint statement to strengthen cooperation in regulating giant IT companies, etc.
2023-11-08 18:55:00
A meeting was held with representatives of the competition authorities of the seven major G7 countries, including Japan's Fair Trade Commission, to share knowledge and experience and collaborate with each country regarding regulations on giant IT companies that operate across borders. We adopted a joint statement that includes the following:
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“Past tax revenue increases have already been spent, tax cuts will increase government bond issuance” Finance Minister
2023-11-08 18:46:00
Minister of Finance Suzuki stated that the increase in tax revenue will be returned to the people, and regarding tax cuts such as income tax included in the new economic measures, the increase in past tax revenue has already been spent on policies and the redemption of national bonds. , he recognized that if taxes were cut, the amount of government bonds issued would increase accordingly.
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Yen exchange rate falls against the dollar “Yen depreciates, but price movements are limited”
2023-11-08 18:26:00
In the Tokyo foreign exchange market, the yen fell against the dollar.
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Bank of Japan Governor Ueda 2% price target “A virtuous cycle is gradually occurring”
2023-11-08 17:41:00
Bank of Japan Governor Ueda attended the Finance and Financial Services Committee of the House of Representatives and expressed the recognition that ``a virtuous cycle of prices and wages is gradually occurring'' in order to achieve the 2% price target, which is the premise for future policy changes. I showed it.
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Gasoline price 1 liter 173.4 yen, flat for 2 consecutive weeks
2023-11-08 16:48:00
The national average retail price of regular gasoline as of the 6th was 173.4 yen per liter, flat for the second consecutive week.
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This year's supplementary budget bill: Over 8.8 trillion yen in national debt Adjusted to issue additional amount
2023-11-08 16:33:00
The government is currently formulating a supplementary budget for this fiscal year to implement new economic measures centered on measures to combat rising prices, but it plans to issue an additional 8.8 trillion yen in government bonds as a source of funds. I found that it was adjusted.
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Stock prices fall, sell orders are placed on a wide range of stocks even though prices rose more than 200 yen at one time
2023-11-08 16:12:00
Stock prices fell on the Tokyo stock market on the 8th.
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Support for “business carers” Ministry of Economy, Trade and Industry to formulate guidelines for companies within this fiscal year
2023-11-08 15:50:00
In order to make it easier for people known as "business carers" who provide nursing care while working to balance work and nursing care, the Ministry of Economy, Trade and Industry has decided to compile guidelines for support measures that companies should take within this fiscal year.
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September economic trend index rises for 2 consecutive months, Cabinet Office announced
2023-11-08 15:49:00
In the September economic trend index announced by the Cabinet Office, the "coincidence index" that indicates the current state of the economy was 114.7 with 2020 as 100, an increase of 0.1 point from the previous month. This is the second consecutive month that the index has increased.
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Kawasaki Heavy Industries and IHI's half-year results are in the red due to aero engine problems
2023-11-08 15:13:00
Kawasaki Heavy Industries and IHI, which are participating in this project, are in the red for the entire group's financial results for the six months to September due to the issue of recall due to defects found in aircraft engines manufactured by American manufacturers. This is having an impact on business performance.
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Approximately 1.9 trillion yen for semiconductor support The government plans to include it in this year's supplementary budget bill
2023-11-08 14:07:00
As the importance of semiconductors increases from the perspective of economic security, the government will spend this fiscal year supporting Taiwanese semiconductor giant TSMC in establishing production bases in the country, including a second factory it is considering in Kumamoto Prefecture. We have decided to include approximately 1.9 trillion yen in the supplementary budget bill.
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Stock price small price movements
2023-11-08 12:12:00
On the Tokyo stock market on the 8th, stock prices showed slight price movements.
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Nissan invests approximately 85 billion yen in new vehicle production in Brazil
2023-11-08 12:03:00
Nissan Motor Co., Ltd. announced that it will invest approximately 85 billion yen in Brazil, South America, to begin production of new models by 2025, the year after next. Automakers are increasingly trying to expand their market share in Brazil, South America's largest automobile market.
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President Biden asks Israeli prime minister to halt fighting for 3 days, US report
2023-11-08 08:09:00
As Israel's attacks on the Gaza Strip continue, American media reports that US President Biden has asked Israeli Prime Minister Netanyahu to suspend hostages for three days in order to free hostages held by the Islamic organization Hamas. I reported it.
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Ministry of Agriculture, Forestry and Fisheries proposes supplementary budget to cut down and replant cedar to combat hay fever
2023-11-08 05:46:00
The Ministry of Agriculture, Forestry and Fisheries has decided to include in this fiscal year's supplementary budget bill a plan to include support for farmers to strengthen food security, as well as expenses for cutting down and replanting cedar trees as a countermeasure against hay fever. The overall budget for the agriculture, forestry and fisheries sector is expected to total more than 810 billion yen.
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