Economic news(2024/01/19)
Chairman Ikebe of the Federation of Electric Power Companies: ``We will do our best to restore recovery as soon as possible''
2024-01-19 21:36:00
As power outages continue in Ishikawa Prefecture due to the Noto Peninsula Earthquake, Kazuhiro Ikebe, chairman of the Federation of Electric Power Companies, which is made up of major electric power companies, said, ``We want to do our utmost to restore recovery as soon as possible,'' and said that he is preparing for future disasters. He expressed his intention to further strengthen cooperation among electric power companies.
TOP
Ministry of Health, Labor and Welfare decides to increase subsidy rates for businesses that have reduced business due to the earthquake, including temporary leave allowances
2024-01-19 20:20:00
The Ministry of Health, Labor and Welfare has decided to increase the subsidy rate for companies that were forced to downsize their operations due to the Noto Peninsula earthquake to a maximum of 80%.
TOP
Daihatsu: 5 car models whose shipment suspension order has been lifted, no time set for preparations to resume production
2024-01-19 20:10:00
Daihatsu Motor Corporation announced on the 19th that the Ministry of Land, Infrastructure, Transport and Tourism lifted the order to suspend shipments of five vehicle models, and that it will proceed with preparations to resume production of these vehicle models. However, the company says it needs to coordinate with its business partners, including preparations for the supply of parts, and the timing for resumption has not yet been determined.
TOP
As prices rise, some supermarkets are focusing on bulk sales.
2024-01-19 18:40:00
As prices continue to rise, supermarkets in Tokyo are focusing on selling larger quantities of products at cheaper prices than usual in an effort to encourage customers to visit their stores.
TOP
The yen price temporarily fell to the high 148 yen level as the US weakened its view of early interest rate cuts.
2024-01-19 18:23:00
In the Tokyo foreign exchange market on the 19th, the yen exchange rate temporarily fell to the high 148 yen level to the dollar as expectations that interest rates would be cut early this year in the United States receded.
TOP
Nikkei Stock Average rose by more than 600 yen at one point, hitting a new high for the first time in 33 years and 11 months
2024-01-19 18:11:00
On the 19th, the Nikkei stock average in the Tokyo stock market rose by more than 600 yen, setting a new high for the first time in 33 years and 11 months.
TOP
TSE publishes company list [Economic column]
2024-01-19 18:08:00
The stock market has been on an upward trend since the beginning of the year, with the Nikkei Stock Average hitting its highest level since the bubble period every day. It has been analyzed that the reason behind the increase in investment in Japanese companies is that the Tokyo Stock Exchange has required listed companies to take measures that are conscious of market evaluations. The TSE has taken a new step. This is a list of companies that have disclosed specific measures that will lead to higher stock prices. (Economy Department reporter Hiroaki Tsuboi)
TOP
US AWS will invest approximately 2 trillion yen in Japanese business by 2027 to strengthen generative AI business
2024-01-19 17:50:00
The world's leading cloud service company, American AWS (Amazon Web Services), has announced plans to invest approximately 2 trillion yen in its business in Japan by 2027. With the aim of strengthening the generative AI business, leading American IT companies are successively announcing expansion of investment in Japan.
TOP
Nissho Chairman Kobayashi: “Top leaders of large companies take the lead in price negotiations to raise wages”
2024-01-19 17:48:00
Japan Chamber of Commerce and Industry Chairman Kobayashi said at a press conference on the 19th that in order to pass on the wage increases to small and medium-sized enterprises during this year's spring labor campaign, including the increase in personnel costs, it is important that top management of large companies expressed the idea that it is important to take the initiative in price negotiations with small and medium-sized enterprises.
TOP
Ministry of Land, Infrastructure, Transport and Tourism lifts order to suspend shipment of 5 Daihatsu models “Verification of compliance with standards”
2024-01-19 16:53:00
The Ministry of Land, Infrastructure, Transport and Tourism has ordered the suspension of car shipments due to an issue in which the automobile manufacturer Daihatsu Motor Corporation fraudulently obtained national certification, but as a result of confirmation tests, it has been confirmed that 5 car models comply with the standards. As a result, the order to stop shipments has been lifted.
TOP
Administrative guidance on internal reporting system for Daihatsu certification fraud Consumer Affairs Agency
2024-01-19 16:47:00
Due to the issue of automobile manufacturer Daihatsu Motor Corporation fraudulently obtaining national certification, the Consumer Affairs Agency has issued administrative guidance to Daihatsu Motor Company, asking Daihatsu Motor Corporation to revise its whistle-blowing system. This was announced on the 19th at a press conference after the Cabinet meeting.
TOP
FamilyMart to charge for spoons, etc. to reduce plastic
2024-01-19 16:02:00
FamilyMart, a major convenience store, has announced that it will start charging for plastic spoons, straws, etc. This is the first time for a major convenience store to do this in order to reduce plastic waste.
TOP
Administrative guidance on internal reporting system for Daihatsu certification fraud Consumer Affairs Agency
2024-01-19 16:00:00
Due to the issue of automobile manufacturer Daihatsu Motor Corporation fraudulently obtaining national certification, the Consumer Affairs Agency has issued administrative guidance to Daihatsu Motor Company, asking Daihatsu Motor Corporation to revise its whistle-blowing system. This was announced on the 19th at a press conference after the Cabinet meeting.
TOP
Ministry of Land, Infrastructure, Transport and Tourism lifts order to suspend shipments of 5 Daihatsu models to “confirm compliance with standards”
2024-01-19 15:35:00
The Ministry of Land, Infrastructure, Transport and Tourism has instructed the automobile manufacturer "Daihatsu Motor Corporation" to fraudulently obtain national certification, and the Ministry of Land, Infrastructure, Transport and Tourism has instructed it to stop shipping the cars it currently produces, but as a result of confirmation tests, it has confirmed that it complies with the standards. As this has been confirmed, we have decided to lift the order to suspend shipments of five car models on the 19th.
TOP
Minister of Economy, Trade and Industry Saito establishes consultation desk for financial support in response to Daihatsu fraud scandal
2024-01-19 15:13:00
In response to the issue of fraudulent acquisition of national certification by automobile manufacturer Daihatsu Motor Corporation, Minister of Economy, Trade and Industry Saito has requested that government-affiliated financial institutions across the country provide financing support, citing concerns about financing from many business partners. We have set up a consultation desk to provide detailed support.
TOP
Hokuriku Economic Federation Chairman requests Keidanren Chairman to “accelerate support for disaster-stricken areas”
2024-01-19 12:52:00
In the wake of the Noto Peninsula Earthquake, Hokuriku Economic Federation Chairman Yutaka Kanai met with Keidanren Chairman Tokura and requested that support for recovery and reconstruction of the affected areas be accelerated.
TOP
Last year's consumer price index increased by 3.1% compared to the previous year, the highest level in 41 years
2024-01-19 11:42:00
The Consumer Price Index, which measures the price movements of goods and services consumed at home, averaged 3.1% over the previous year, excluding fresh food, which is subject to large fluctuations due to weather. This is the first level in 41 years since 1982, when the second oil shock affected the country.
TOP
Nikkei average stock price rises by more than 600 yen
2024-01-19 10:03:00
On the 19th, the Tokyo stock market and Nikkei Stock Average rose by more than 600 yen at one point to over 36,000 yen. In the New York market on the 18th, buy orders were placed in a wide range of stocks due to the rise in high-tech stocks centered on semiconductors and the depreciation of the yen in the foreign exchange market.
TOP
Last year's consumer price index increased by 3.1% compared to the previous year, the first time in 41 years
2024-01-19 08:51:00
The Consumer Price Index, which measures the price movements of goods and services consumed at home, averaged 3.1% over the previous year, excluding fresh food, which is subject to large fluctuations due to weather. This is the first time in 41 years that the annual rate of increase was 3.1%, since 1982, when the second oil shock occurred.
TOP
Panasonic HD subsidiary to close Fukushima factory; employees considering continued employment
2024-01-19 06:13:00
A subsidiary of Panasonic Holdings has announced that it will close its factory in Fukushima City, which produces audio products and digital cameras, at the end of May next year due to aging.
TOP
``Open AI'' CEO Altman looks back on his dismissal at ``Davos''
2024-01-19 06:01:00
Sam Altman, CEO of ``Open AI'', which developed the generative AI ChatGPT, participated in the so-called ``Davos Conference'' held in Switzerland. He reflected that the board of directors that dismissed him was small and lacked experience.
TOP
Sekisui House acquires American single-family home maker for over 720 billion yen
2024-01-19 05:26:00
Sekisui House has announced that it will acquire the American single-family home manufacturer for approximately $4.9 billion, or approximately 720 billion yen. While the domestic housing market is shrinking, the company aims to strengthen its business in the US market, which continues to grow.
TOP
