Economic news(2023/11/09)
SBI Shinsei Bank “Public funds repayment plan remains unchanged despite the impact of delisting”
2023-11-09 22:14:00
Katsuya Kawashima, president of SBI Shinsei Bank, said that regarding the impact of the acquisition of the stock by a Tokyo investment company just before the stock was delisted in September this year, the president of SBI Shinsei Bank has announced that it will be necessary to make concrete plans for the repayment of public funds by June of next year. He expressed his belief that there is no change in the plan to decide on a system for
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Nissan to strengthen EV and other products in Chinese market, launching 8 new models by 2026
2023-11-09 21:23:00
Nissan Motor Co., Ltd. plans to strengthen its EV (electric vehicle) sales as sales of new cars, especially gasoline-powered cars, are decreasing in the Chinese market. The company has announced plans to introduce eight new models by 2026.
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Yen exchange rate temporarily fell to the low 151 yen level to the dollar
2023-11-09 19:17:00
In the Tokyo foreign exchange market, the yen depreciated slightly against the dollar, and at one point reached the low 151 yen level to the dollar.
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2023 World Cities Ranking Tokyo 3rd place Ranking table also posted
2023-11-09 19:12:00
A ranking that evaluates the comprehensive strength of cities around the world was announced on the 9th, and Tokyo was ranked 3rd for the 8th consecutive year. What parts were evaluated? In addition to Tokyo, Osaka and Fukuoka are also covered. The article lists rankings for all 48 cities. What did you learn from the six areas that were evaluated?
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Ministry of Economy, Trade and Industry to include more than 76 billion yen in supplementary budget proposal to support household energy conservation
2023-11-09 19:11:00
In response to the rise in energy prices, the Ministry of Economy, Trade and Industry has decided to expand its support measures to encourage the introduction of water heaters and other equipment that will save energy at home. We plan to include over 76 billion yen as necessary expenses in this year's supplementary budget bill.
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Sony Group Financial Results Sales Highest Ever, Operating Income Decrease for the First Time in Seven Years
2023-11-09 18:10:00
The Sony Group's overall financial results for the six months from April to September this year showed sales of over 5.7 trillion yen, the highest ever for this period, but operating income was lower than the profit from the life insurance business. This was the first decline in profits for this period in seven periods, due to a decline in sales.
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SoftBank Group has a deficit of approximately 1.4 trillion yen for the second consecutive period from April to September
2023-11-09 18:07:00
The SoftBank Group announced its financial results for the six months from April to September this year, with a final loss of approximately 1.4 trillion yen. This is the second consecutive year in the red for this period, mainly due to the impact of the weaker yen and deteriorating performance in the investment fund business.
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Mizuho FG makes additional investment in Rakuten Securities, raising shareholding ratio to 49%
2023-11-09 18:02:00
Mizuho Financial Group announced that it will make an additional investment in Rakuten Securities through its subsidiary, raising its shareholding ratio from approximately 20% to 49%. Rakuten Securities aims to raise funds for the Rakuten Group, which continues to be in the red in its mobile phone business, by receiving additional investment.
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SoftBank Group has a deficit of 1,408.7 billion yen for the second consecutive period from April to September
2023-11-09 16:57:00
The SoftBank Group announced its financial results for the six months from April to September this year, with a final loss of 1,408.7 billion yen. This is the second consecutive deficit for this period.
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State Minister of Finance Kanda acknowledges past tax arrears and “continues to carry out his duties”
2023-11-09 16:36:00
State Minister of Finance Kanda acknowledged in a weekly magazine that he had failed to pay taxes in the past, and at a House of Councilors committee on the 9th, he acknowledged the fact and said he was ``deeply remorseful.'' I apologized. Regarding his own progress, he said, ``I will continue to devote all my efforts to the execution of his duties.''
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Stock prices rise Buy orders for a wide range of stocks, mainly export-related stocks
2023-11-09 16:25:00
Stock prices rose on the Tokyo stock market on the 9th.
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Event to introduce Taiwanese technology, etc. Call for collaboration in industry Tokyo
2023-11-09 15:58:00
An event to introduce Taiwan's high-tech technologies and products began in Tokyo on the 9th, and Taiwanese officials called for cooperation with Japan in the industrial field.
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October Economy Watcher Survey Indices showing the current situation are lower than the previous month for 3 consecutive months
2023-11-09 15:54:00
Last month's Economy Watcher survey, which asked working people about their feelings about the economy, showed that the index showing the current state of the economy was lower than the previous month for three consecutive months, due to continued frugality due to rising prices.
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Nuveen, a major US asset management company, announces plans to expand operations in Japan
2023-11-09 15:31:00
In an effort to accelerate the shift from savings to investment, the government is promoting reform of domestic asset management companies and the entry of foreign companies, and a major American company that manages approximately 160 trillion yen in assets held a press conference. We have indicated our policy to expand operations in Japan.
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Rakuten's 9-month financial results result in a deficit of 208.4 billion yen as mobile base station maintenance becomes a burden
2023-11-09 15:21:00
Rakuten Group announced its financial results for the nine months from January to September this year, with a final loss of 208.4 billion yen, the fifth consecutive year in the red for this period. The main reason for this is that the mobile phone business continues to be in the red due to the burden of base station maintenance, and improving business performance continues to be a management issue. On the other hand, sales were 1,491.2 billion yen, the highest ever for this period, due to the strong performance of online shopping and financial services.
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Stock price rises by more than 500 yen Buy orders for a wide range of stocks including export-related stocks
2023-11-09 14:43:00
On the 9th, the Tokyo stock market and Nikkei average stock price rose by more than 500 yen. In the foreign exchange market, the yen continues to depreciate, with the yen exchange rate hovering in the high 150-to-$150 range, and buying orders are expanding to a wide range of stocks, including export-related stocks such as automobiles and machinery.
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State Minister of Finance Kanda acknowledges past tax arrears and “continues to carry out his duties”
2023-11-09 14:18:00
State Minister of Finance Kanda acknowledged in a weekly magazine that he had failed to pay taxes in the past, and at a House of Councilors committee on the 9th, he acknowledged the fact and said he was ``deeply remorseful.'' I apologized. Regarding his own progress, he said, ``I will continue to devote all my efforts to the execution of his duties.''
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Bank of Japan October Monetary Policy Meeting “Main opinions” regarding the decision to allow over 1%
2023-11-09 13:43:00
At the Monetary Policy Meeting held until the 31st of last month, the Bank of Japan decided to allow long-term interest rates to exceed a certain level of 1%. We found that there were a number of opinions that it would be desirable to further flexibly implement the policy in order to continue. There were also statements with an eye toward the future normalization of monetary policy.
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State Minister of Finance Kanda acknowledges past tax arrears and “continues to carry out his duties”
2023-11-09 13:12:00
State Minister of Finance Kanda acknowledged in a weekly magazine that he had failed to pay taxes in the past, and at a House of Councilors committee on the 9th, he acknowledged the fact and said he was ``deeply remorseful.'' I apologized. Regarding his own progress, he said, ``I will continue to devote all my efforts to the execution of his duties.''
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Stock price rise “Buy orders for stocks such as automobiles and machinery”
2023-11-09 12:26:00
Stock prices are rising on the Tokyo stock market on the 9th.
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China's October consumer price index falls year-on-year, negative for the first time in three months
2023-11-09 12:12:00
China's consumer price index in October fell by 0.2% compared to the same month last year. Prices have turned negative for the first time in three months, and concerns about deflation continue due to factors such as the slump in the real estate market.
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First half current account surplus of 12,706.4 billion yen, an increase of more than 8 trillion yen compared to the same period last year
2023-11-09 11:30:00
The current account surplus in the first half of this fiscal year, which shows how much money Japan earned from overseas trade and investment, was 12,706.4 billion yen, the largest ever for a half-year. This was due to the decline in the trade deficit as the rise in energy prices came to a halt, and an increase in dividends and interest received by companies from overseas investments.
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First half current account surplus of 12,706.4 billion yen, an increase of over 8 trillion yen compared to the same period last year
2023-11-09 10:06:00
According to balance of payments statistics released by the Ministry of Finance, the current account surplus for the first half of this fiscal year from April to September, which shows how much money Japan earned from overseas trade and investment, was 12,706.4 billion yen. It was yen. This is an increase of 8,483.4 billion yen compared to the same period of the previous year, and is the largest ever for a half-year since the comparable fiscal year 1985. This was due to an increase in dividends and interest that companies received from overseas investments, and a reduction in the trade balance deficit due to a decline in the prices of crude oil and other products.
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First half current account surplus of 12,706.4 billion yen, an increase of over 8 trillion yen compared to the same period last year
2023-11-09 09:14:00
According to balance of payments statistics released by the Ministry of Finance, the current account surplus for the first half of this fiscal year from April to September, which shows how much money Japan earned from overseas trade and investment, was 12,7064 trillion yen. It was a billion yen. This is an increase of 8,483.4 billion yen compared to the same period of the previous year. This was due to a decline in the trade balance deficit due to a decline in the prices of crude oil and other products.
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Mizuho FG makes additional investment of approximately 90 billion yen in Rakuten Securities
2023-11-09 07:39:00
Mizuho Financial Group plans to invest an additional 90 billion yen in Rakuten Securities, a subsidiary of Rakuten Group, through its subsidiary, raising its shareholding ratio from the current 20% to nearly 50%.
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Ministry of Economy, Trade and Industry to provide support of 100 billion yen to alleviate labor shortages for small and medium-sized enterprises
2023-11-09 06:55:00
In order to alleviate the labor shortage in small and medium-sized enterprises, the Ministry of Economy, Trade and Industry has decided to launch new support measures to support the introduction of AI and robots that will lead to labor-saving operations. We plan to include 100 billion yen as necessary expenses in this year's supplementary budget bill.
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Yen market price falls against the euro, temporarily falling to the low 161 yen level for the first time in about 15 years
2023-11-09 06:31:00
At the New York foreign exchange market on the 8th, the yen depreciated due to growing expectations that the Bank of Japan would continue its current large-scale monetary easing, and the yen exchange rate temporarily fell to the low 151 yen level to the dollar. The yen also sold against the euro, and at one point fell to the low 161 yen range to the euro, marking the first time in about 15 years that the yen was weaker than the euro.
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