Economic news(2024/03/08)
February US employment statistics: Number of employed persons increased from previous month, exceeding market expectations
2024-03-08 22:57:00
The US employment statistics for February have been released, and the number of people employed in fields other than agriculture increased by 275,000 from the previous month, exceeding market expectations. Meanwhile, the unemployment rate rose 0.2 points from the previous month to 3.9%. It has been pointed out that the labor shortage, which has been a factor in inflation, is easing in the United States, but the impact on the policy decisions of the central bank, the Federal Reserve Board, is attracting attention.
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Suzuki to raise average wages by more than 10% Starting salary for university graduate employees to increase by more than 14%
2024-03-08 21:34:00
During this year's spring labor union, automaker Suzuki responded that it would implement wage increases of more than 10% on average, exceeding the union's demands, in line with personnel system reform. The company is also increasing the starting salaries of university graduates who join the company next month by more than 14%.
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“Security Clearance” Bill: Policy to publish operational status
2024-03-08 21:10:00
Regarding a bill to create a "security clearance" system that would limit access to information important to economic security to those whose credibility has been confirmed by the government, Prime Minister Kishida has proposed measures such as designating or canceling the designation of important information. We have indicated a policy of disclosing the operational status of the system.
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Yen market: small price movements
2024-03-08 18:21:00
In the Tokyo foreign exchange market on the 8th, the yen exchange rate showed slight price movements.
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[Economy column from Asia]
2024-03-08 16:57:00
The Nikkei Stock Average has reached the 40,000 yen mark for the first time in history. One of the reasons behind this is the growing expectation of a US interest rate cut among investors around the world. On the other hand, stock prices have also plummeted due to reports regarding the Bank of Japan's decision to lift negative interest rates. Similarly, Thailand is a Southeast Asian country where the future of monetary policy is a focus. This is a heated debate between the government and the central bank, which are pressing for an emergency rate cut. When I listened to the discussions and the situation, which could be called a battle between the government and the central bank, I learned a lot. (Asia Bureau Reporter Neil Kato)
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February Economy Watcher Survey: First time in 2 months ↑ Due to increase in foreign tourists, etc.
2024-03-08 16:15:00
The February Economy Watcher survey, which asked working people how they felt about the economy, found that the index showing the current state of the economy was lower than the previous month for the first time in two months, due to factors such as an increase in the number of foreign tourists during the Lunar New Year. I surpassed it.
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January economic trend index decreased for the first time in two months, 5.8 points from the previous month↓ Cabinet Office
2024-03-08 15:51:00
The Cabinet Office announced the January economic trend index, which indicates the current state of the economy, with a ``coincidence index'' of 110.2 based on 2020 as 100, a decrease of 5.8 points from the previous month.
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Stock price rose slightly, although the price rose more than 300 yen in the morning, the rate of increase narrowed
2024-03-08 15:46:00
On the 8th, the Tokyo stock market and the Nikkei Stock Average rose by more than 300 yen in the morning, but the increase narrowed in the afternoon and ended the 8th with a slight increase.
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Amazon delivery workers go on strike for the first time in the country, Nagasaki Prefecture due to termination of outsourcing contract
2024-03-08 14:31:00
On the 8th, a freelance delivery worker in Nagasaki Prefecture who handles products from the online shopping giant Amazon Japan said that it was unfair for the subcontractor to which he was entrusted with delivery to unilaterally terminate his contract. I went on strike. According to the labor union supporting delivery workers, this is the first strike in the country by freelance delivery workers who handle Amazon products.
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Stock price rises by more than 300 yen, buy orders for semiconductor-related stocks, etc.
2024-03-08 13:00:00
On the Tokyo stock market on the 8th, buy orders were placed for semiconductor-related stocks, and stock prices rose by more than 300 yen.
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Nissan Motor Company violates subcontracting law “Extremely regrettable, please comply with laws and regulations” Minister of Economy, Trade and Industry
2024-03-08 11:59:00
Minister of Economy, Trade and Industry Saito said it was "extremely regrettable" that Nissan Motor Co. received a recommendation from the Japan Fair Trade Commission to prevent a recurrence of the issue, accusing it of unilaterally lowering delivery prices to subcontracted parts manufacturers. In addition, the company made it clear that it requested the company to thoroughly improve its internal systems to ensure compliance with laws and regulations.
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January Household Survey Real consumption decreased by 6.3% compared to the same month last year, a significant decline
2024-03-08 11:34:00
In January, the amount spent on consumption by households of two or more people in real terms, excluding price changes, decreased by 6.3% from the same month last year, marking the first significant drop in 2 years and 11 months. Ta. This was due to a decrease in car purchases due to Daihatsu Motor Corp. suspending shipments due to issues related to fraudulent acquisition of national certification.
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January current account surplus for 12 consecutive months, mainly due to decline in energy prices
2024-03-08 10:26:00
Japan's current account balance, which measures how much money it earns from overseas trade and investment, was in the black for the 12th straight month in January due to falling energy import prices.
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January Household Survey Real consumption decreased by 6.3% compared to the same month last year, 11th consecutive month of decline
2024-03-08 09:01:00
According to the January Household Survey announced by the Ministry of Internal Affairs and Communications, the amount spent by households of two or more people on consumption was 289,467 yen, which is more than the same month in the previous year in real terms excluding price changes. It decreased by 6.3%. Consumer spending has declined for the 11th consecutive month.
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NY Dow rises for 2nd day in a row, gold futures prices hit a new all-time high
2024-03-08 07:40:00
In the New York financial market on the 7th, the Dow Jones Industrial Average rose on the back of expectations that interest rates would be cut within the year, following Federal Reserve Chairman Jerome Powell's remarks in the House of Representatives. futures prices hit a new all-time high.
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