Economic news(2024/01/17)
Recommendations for establishing economic security security clearance system finalized
2024-01-17 23:00:00
A panel of experts has finalized a proposal for the creation of a system called ``security clearance,'' in which the government verifies and certifies the trustworthiness of people who handle information important to economic security. It points out the need for establishing a new organization to centrally investigate the credibility of subjects and imposing penalties in the event of leaks.
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JAL's new president is 59-year-old Managing Director Mitsuko Tottori, who used to be a flight attendant.
2024-01-17 19:03:00
Japan Airlines has announced the appointment of Managing Director Mitsuko Tottori, a former flight attendant, to succeed current President Yuji Akasaka.
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Yoichi Kise will be appointed as the new president of JR East, the first employee to join the company after privatization.
2024-01-17 19:02:00
JR East has announced that Vice President Yoichi Kise will be appointed as the new president on April 1st.
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“Prices have gone up” 95% “Prices will go up in one year” 79% Bank of Japan Lifestyle Attitude Survey
2024-01-17 18:27:00
In a survey conducted by the Bank of Japan on individuals' lifestyle attitudes, 95% of people answered that current prices have "increased" compared to one year ago, and the outlook for prices one year from now is "increased." The percentage of respondents who answered this was 79%.
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Rising trend in Nikkei Stock Average “Is it due to expectations for corporate performance and NISA?”
2024-01-17 18:19:00
Regarding the continued upward trend in the Nikkei Stock Average, which has reached its highest level since the bubble period, Toshio Morita, chairman of the Japan Securities Dealers Association, expressed his expectations for corporate performance and the "NISA" system, which has been expanded since this year. The idea is that this is due to the support provided by
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Establishment of industry group to create rules for generative AI; policy recommendations and human resource development to the government
2024-01-17 18:17:00
A new Japanese industry-academia industry association has been established to create rules for generative AI. In addition to universities, major companies including the Japanese subsidiary of an American IT giant will participate, and will make policy recommendations to the country to ensure utilization and safety.
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Yen market price falls to 1 dollar = high 147 yen level, yen selling strengthens dollar buying
2024-01-17 18:13:00
In the Tokyo foreign exchange market on the 17th, there was a strong movement to sell yen and buy dollars, due to concerns about the widening interest rate differential between Japan and the United States, and the yen exchange rate fell to the high 147 yen level to the dollar.
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Nikkei average stock price rose more than 600 yen at one point to 36,200 yen level
2024-01-17 17:57:00
On the 17th, the Nikkei average stock price on the Tokyo stock market rose by more than 600 yen at one point, but then began to decline and ended trading.
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Conditions such as prohibition of resale to major electric power company "Shindenki" may violate antitrust laws
2024-01-17 17:43:00
A government report has been released regarding the actual state of transactions between major electric power companies that conduct power generation businesses and companies called Shindenryoku that procure and sell the electricity to consumers. It has been pointed out that major electric power companies sometimes impose conditions such as prohibiting resale, which may violate antitrust laws.
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Daihatsu considers recall of two vehicle models due to fraud in certification acquisition
2024-01-17 16:29:00
Automobile manufacturer Daihatsu Motor Corporation has announced that it is considering a recall for two vehicle models that may not meet standards due to fraudulent acquisition of national certification.
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British Post Office system flaws: Fujitsu executive apologizes for being involved in false accusations
2024-01-17 15:32:00
In a case in which postmasters and others were unfairly prosecuted for crimes such as embezzlement due to a flaw in the accounting system used by the British Post Office, an executive from Fujitsu, which delivered the system, testified in the British Parliament and apologized.
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JAL's new president is 59-year-old Managing Director Mitsuko Tottori, who used to be a flight attendant.
2024-01-17 15:31:00
Japan Airlines has announced the appointment of Managing Director Mitsuko Tottori, a former flight attendant, to replace current President Yuji Akasaka. Mr. Tottori is 59 years old. She has many years of experience as a flight attendant, and has worked as a cabin crew manager, and currently serves as a managing director and group chief customer officer. President Akasaka will be the chairman with representative rights.
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Japanese shipping companies temporarily cancel sailings as tensions rise around the Red Sea
2024-01-17 14:17:00
In response to rising tensions between Yemen's Houthi rebels and the US military, Japanese shipping companies have decided to temporarily suspend all operations in the Red Sea.
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Nikkei average stock price rose more than 600 yen at one point to 36,200 yen level
2024-01-17 12:13:00
On the 17th, the Tokyo stock market, the Nikkei Stock Average, rose by more than 600 yen at one point in the morning, reaching the 36,200 yen level, the highest level since February 1990 during the bubble period.
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China Last year's GDP increased by 5.2% compared to the previous year, exceeding the Chinese government's target
2024-01-17 11:02:00
China's National Bureau of Statistics announced that the growth rate of GDP (gross domestic product) for the past year was +5.2% compared to the previous year. The Chinese government had set an economic growth rate target of around 5% for last year, which the country exceeded.
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Nikkei average stock price rose more than 600 yen at one point to 36,200 yen level
2024-01-17 10:52:00
On the 17th, the Tokyo stock market and Nikkei Stock Average rose by more than 600 yen to hit the 36,200 yen level, marking the highest level since February 1990 during the bubble period.
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Nikkei Stock Average temporarily rose to the 36,000 yen level, hitting a new high on the 15th
2024-01-17 10:12:00
On the 17th, the Tokyo stock market and the Nikkei Stock Average rose to the 36,000 yen level at one point, breaking the highest level since February 1990 during the bubble period, set during trading hours on the 15th.
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British Post Office system flaws: Fujitsu executive apologizes for being involved in false accusations
2024-01-17 08:43:00
In a case in which postmasters and others were unfairly prosecuted for crimes such as embezzlement due to a flaw in the accounting system used by the British Post Office, an executive from Fujitsu, which delivered the system, testified in the British Parliament and apologized.
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Pearl auction held in Mie Ise, selling at much higher prices than last year
2024-01-17 08:02:00
An auction for pearls produced in Mie Prefecture and other areas was held in Ise City, and due to the popularity of pearls in China and other countries, the prices were significantly higher than in previous years.
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Yen exchange rate (NY) 1 dollar = 147 yen level drop due to rise in US long-term interest rates
2024-01-17 07:25:00
In the New York financial market on the 16th, the yen fell to the 147 yen level to the dollar due to factors such as a rise in long-term interest rates in the United States, and the Dow Jones Industrial Average fell by more than 200 dollars.
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Japan's GDP last year is expected to be overtaken by Germany and become the world's 4th largest
2024-01-17 06:56:00
Germany's GDP (gross domestic product) for last year has been announced, and in nominal terms it increased by more than 6% from the previous year. As a result, Japan's GDP last year is expected to surpass Germany and become the fourth largest country in the world in dollar terms.
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Government considering enacting new law to regulate giant IT companies
2024-01-17 06:54:00
The government plans to enact a new law to regulate giant IT companies that have a dominant position in smartphone apps and basic software so as not to hinder fair competition, and plans to submit it to the Diet as early as this year. We are planning to make adjustments towards this goal.
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“Emissions trading” market Participating companies announce reduction targets set by Ministry of Economy, Trade and Industry
2024-01-17 06:44:00
In connection with the new ``emissions trading'' market that was established last year to buy and sell reductions in greenhouse gas emissions, the Ministry of Economy, Trade and Industry has announced the reduction targets set by each participating company. The aim is to encourage each company to further reduce emissions and invigorate transactions in order to achieve the target.
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Yen exchange rate (NY) 1 dollar = 147 yen level drop due to rise in US long-term interest rates
2024-01-17 04:20:00
At the New York foreign exchange market on the 16th, the yen depreciated, and the yen exchange rate fell to the 147 yen level to the dollar for the first time in about a month.
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