Economic news(2024/03/12)
Daihatsu fraud scandal new president Inoue “will announce measures to prevent recurrence next month”
2024-03-12 23:28:00
Masahiro Inoue, the new president of Daihatsu Motor Corporation, stated in media interviews regarding the issue of fraudulent acquisition of national certification that, ``As our business expanded rapidly, we were unable to match the quality of work with the quantity of work,'' and said that he is taking measures to prevent a recurrence. The government has announced its intention to announce specific policies such as this in the first half of next month.
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US consumer price index rises 3.2% compared to the same month last year, exceeding market expectations
2024-03-12 23:09:00
Last month's consumer price index in the United States was released on the 12th, and showed an increase of 3.2% compared to the same month last year. The rate of increase exceeded the previous month for the first time in two months. This slightly exceeded market expectations, which had predicted a rate of around 3.1%.
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US consumer price index rises 3.2% compared to the same month last year, exceeding market expectations
2024-03-12 22:03:00
Last month's consumer price index in the United States was released, and it increased by 3.2% compared to the same month last year. The rate of increase exceeded market expectations.
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Ito-Yokado decides or considers closing 6 stores in the Tokyo metropolitan area due to structural reforms
2024-03-12 20:42:00
Major supermarket chain Ito-Yokado has announced that it has decided or is considering closing six stores in the Tokyo metropolitan area as part of its structural reforms.
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More than 1.2 billion yen fine imposed on Mercedes-Benz Japanese subsidiary, highest amount ever
2024-03-12 18:33:00
The Consumer Affairs Agency has ordered Mercedes-Benz's Japanese subsidiary to make false statements in the Japanese catalogs of some cars from the German luxury car maker Mercedes-Benz, which violate the Act on Unjustifiable Representations. The company ordered them to pay a fine of over 1.23 billion yen. This is the highest fine ever for violating the Act on Unjustifiable Representations.
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Yen price falls after Bank of Japan Governor's remarks
2024-03-12 18:31:00
In the Tokyo foreign exchange market on the 12th, the yen exchange rate fell as there was a perception that expectations that the Bank of Japan would quickly revise its current large-scale monetary easing measures had receded due to remarks by Bank of Japan Governor Ueda. did.
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Stock price temporarily fell by more than 500 yen, but the decline narrowed as buybacks started
2024-03-12 18:26:00
In the Tokyo stock market on the 12th, sell orders were widespread, mainly in semiconductor-related stocks, and the Nikkei Stock Average at one point fell by more than 500 yen, but the decline has since narrowed as there has been a movement to buy back stocks.
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Spring labor action: Nippon Steel solidifies its unusual policy of responding by exceeding the union's wage increase demands
2024-03-12 18:06:00
It has been revealed that Nippon Steel has decided to make an unusual response to the labor union's wage increase demands in response to this year's spring wage war. Major steel companies have continued to raise wages at the same level for many years, but this ``flat rate'' is expected to break down.
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Bank of Japan governor “makes policy decisions based on spring labor data, etc.” House of Councilors Committee on Fiscal and Financial Affairs
2024-03-12 18:05:00
With the market's attention focused on the Bank of Japan's monetary policy meeting to be held next week, Governor Ueda reiterated at the House of Councilors' Fiscal and Financial Affairs Committee that he would make policy decisions based on the spring labor labor data that will be revealed within the week. I showed it.
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Utilizing AI to sell and replenish products in vending machines - movement to improve delivery efficiency
2024-03-12 18:01:00
As labor shortages become an issue, there is a growing movement among beverage manufacturers to utilize AI in vending machine sales and replenishment operations to improve delivery efficiency.
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Startup company from the University of Tokyo “Completes Japan’s largest domestically produced AI”
2024-03-12 17:49:00
A startup company from the University of Tokyo has developed and completed the largest domestically produced generative AI in Japan. While American companies are taking the lead, the aim is to compete with a strategy that specializes in Japanese.
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House of Councilors Budget Committee Public Hearing: Experts give opinions on countermeasures for declining birthrate, strengthening of defense capabilities, etc.
2024-03-12 17:48:00
The House of Councilors Budget Committee held a public hearing to hear opinions from experts regarding the new fiscal year's budget proposal, and experts recommended by each party gave their opinions on measures to counter the declining birthrate and strengthen defense capabilities.
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A fair to promote Fukui's specialty products in conjunction with the extension of the Hokuriku Shinkansen to Tsuruga
2024-03-12 17:43:00
To coincide with the extension of the Hokuriku Shinkansen to Tsuruga in Fukui Prefecture on the 16th of this month, a fair to promote Fukui's specialty products has begun near Omiya Station, where the Shinkansen stops, and is becoming very popular.
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Spring Labor SME Labor Unions in Machinery and Metal Industries Some cases of high-level responses
2024-03-12 17:08:00
The 13th is the intensive response day for this year's Spring Labor. The focus is on whether the flow of wage increases will spread not only to large companies but also to small and medium-sized enterprises, and some labor unions of small and medium-sized enterprises in the machinery and metal industries have already shown high-level responses from management, including full wages. Cases are also available.
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Business confidence in three Hokuriku prefectures is negative for the first time in four quarters from January to March due to the impact of the earthquake
2024-03-12 13:52:00
According to the ``Corporate Business Business Forecast Survey'' released by the Hokuriku Local Finance Bureau of the Ministry of Finance, the index showing the business confidence of businesses in the three Hokuriku prefectures from January to March this year was the first in four quarters due to the impact of the Noto Peninsula Earthquake. It became a minus.
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Stock prices temporarily fell by more than 500 yen, sell orders were placed on semiconductor-related stocks, etc.
2024-03-12 12:44:00
In the Tokyo stock market on the 12th, sell orders spread to semiconductor-related stocks, and the Nikkei Stock Average at one point fell by more than 500 yen.
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Corporate price index increased by 0.6% in February, but the growth rate remains at 0% for 4 consecutive months
2024-03-12 12:42:00
Last month's Corporate Price Index, which shows the prices of goods traded between companies, was 0.6 compared to the same month last year, as the downward effects of the government's measures to reduce the burden of electricity and gas bills have run their course. % rose.
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Business confidence of large companies January-March -0.018 points, negative for the first time in four quarters
2024-03-12 10:31:00
According to the ``Corporate Business Economic Forecast Survey'' released by the Ministry of Finance and other organizations, the index showing the business confidence of large companies from January to this month was slightly negative for the first time in four quarters. The main reason for this is that some automakers have stopped shipping cars.
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Stock prices temporarily fell by more than 500 yen, sell orders were placed on stocks such as semiconductors
2024-03-12 09:21:00
On the 12th, the Tokyo stock market and the Nikkei Stock Average temporarily fell by more than 500 yen. In the New York market on the 11th, sell orders were placed on high-tech stocks whose stock prices had recently risen sharply, and sell orders have also spread in the Tokyo market, centering on stocks such as semiconductors.
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Corporate price index increased by 0.6% in February; growth rate remained at 0% level for 4 consecutive months
2024-03-12 09:11:00
The Corporate Goods Price Index, which measures the prices of goods traded between companies, rose 0.6% last month compared to the same month last year. Although the growth rate has increased as the downward effects of the government's measures to reduce the burden of electricity and gas bills have run their course, they have remained at the 0% level for four consecutive months.
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Business confidence of large companies January-March -0.0 point Negative for the first time in four quarters
2024-03-12 09:01:00
According to the ``Corporate Business Economic Forecast Survey'' released by the Ministry of Finance and other organizations, the index showing the business confidence of large companies from January to this month was -0.0 points, the first negative figure in four quarters. The manufacturing industry has a minus 6.7 points, and the non-manufacturing industries have a plus 3.2 points.
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U.S. cutting-edge technology festival SXSW Japanese companies exhibit virtual space experiences, etc.
2024-03-12 07:28:00
At SXSW (South by Southwest), a festival of cutting-edge technology held in the United States, participating Japanese companies have booths where you can experience an immersive virtual space and the latest technology that converts light into heat. We exhibit clothing made from these materials.
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JR East's "off-peak commuter pass" discount rate expanded, sluggish number of purchasers
2024-03-12 06:36:00
JR East's ``off-peak commuter pass,'' which offers discounts on commuter fares for those who commute by train to avoid the morning rush hour, has been sluggish in the number of purchasers, and the company has decided to expand the discount rate.
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Stock prices are at an all-time high and more than 80% feel the economy is improving
2024-03-12 05:01:00
This year, the Nikkei Stock Average hit a new all-time high, set in 1989 during the bubble period, but when asked in an NHK poll if they felt the economy was improving, the answer was "no." More than 80% of people responded.
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