Economic news(2024/03/15)
JFTC announces company “Leave transaction price unchanged without consultation with many business partners”
2024-03-15 19:27:00
As labor costs and raw material prices continue to rise, the Japan Fair Trade Commission investigated whether small and medium-sized enterprises are able to appropriately pass on the cost increases in their transactions with major corporations. As a result, the names of 10 companies were made public as it was confirmed that transaction prices were left unchanged without consultation with many business partners.
TOP
Japan Association of Corporate Executives appoints 4 people including NPO representative director as new vice representative secretary
2024-03-15 19:23:00
The Japan Association of Corporate Executives has nominated four people as new vice-chairmen, including representative directors of NPOs involved in humanitarian aid in Japan and overseas. If the appointment is decided, it will be the first time that a deputy representative secretary has been selected from an NPO.
TOP
Honda and Nissan announce signing of memorandum for comprehensive collaboration to strengthen EVs, etc.
2024-03-15 18:58:00
Honda and Nissan Motors have officially announced that they have signed a memorandum of understanding to begin considering a comprehensive collaboration. The aim is for the rival manufacturers, which are the second and third largest in Japan after Toyota Motor Corporation, to join forces to strengthen EVs, where Japanese companies are lagging behind.
TOP
The impending cancellation of negative interest rates [Economy column]
2024-03-15 18:52:00
On the 15th, the Rengo announced the status of responses to this year's spring struggle. The average wage increase rate for the labor unions of the 771 companies for which management responded was 5.28%, the first time in 33 years that it has exceeded 5%. The Bank of Japan will hold a monetary policy meeting on the 18th and 19th. The Bank of Japan has said it would consider changing its large-scale monetary easing measures, including ending negative interest rates, if the 2% price stability target accompanied by wage increases is expected to be achieved. With executives' perceptions of prices and wages steadily changing, will the results of this spring labor strike be the decisive factor that will push them to make a decision? (Bank of Japan reporting team)
TOP
“Output gap” turns negative for second consecutive term Cabinet Office
2024-03-15 18:51:00
The Cabinet Office announced that, based on the revised value of GDP (gross domestic product) from October to December last year, the "demand-supply gap," which indicates the difference between demand and supply capacity in the Japanese economy, has become negative for the second consecutive quarter. did.
TOP
Bank of Japan Monetary Policy Meeting to discuss whether to lift negative interest rate policy from 18th
2024-03-15 18:38:00
The Bank of Japan will hold a monetary policy meeting for two days from the 18th next week. We will review the wage and price situation based on the results of the spring labor wage increase announced on the 15th, and discuss whether the negative interest rate policy should be lifted.
TOP
New chairman of the Federation of Electric Power Companies: Chubu Electric Power President Hayashi to assume office from April
2024-03-15 18:37:00
Chubu Electric Power President Kingo Hayashi will be appointed as the new chairman of the Federation of Electric Power Companies, which is made up of major electric power companies, from April, and at a press conference on the 15th, he announced that he will be working on a review of the basic energy plan that will begin in earnest this year. He expressed his desire to fully participate in the deliberations.
TOP
Yen price falls against dollar “US long-term interest rates rise, yen selling, dollar buying”
2024-03-15 18:29:00
At the Tokyo foreign exchange market on the 15th, the yen fell against the dollar.
TOP
Shunto Rengo and Zenroren publish the status of the companies that responded, including the amount of wage increases
2024-03-15 18:18:00
During this year's spring labor campaign, Rengo, a central organization of labor unions, compiled a tally of more than 700 companies that had responded so far, and found that the average wage increase was 16,469 yen per month, or a rate of 5.28%. This is the first time in 33 years since 1991 that it has exceeded 5%. This is an increase of 1.48 points compared to the same period last year. In addition, the labor organization Zenroren has released its responses to date, showing that the average wage increase was 7,447 yen per month, or a rate of 2.52%, the highest level in about 25 years. However, they are willing to continue negotiations, saying that the level has not reached a level that can support people's lives amid soaring prices.
TOP
Honda and Nissan announce signing of memorandum for comprehensive collaboration to strengthen EVs, etc.
2024-03-15 18:14:00
Honda and Nissan Motors have officially announced that they have signed a memorandum of understanding to begin considering a comprehensive collaboration. The aim is for the rival manufacturers, which are the second and third largest in Japan after Toyota Motor Corporation, to join forces to strengthen EVs, where Japanese companies are lagging behind.
TOP
Ministry of Land, Infrastructure, Transport and Tourism issues “supervision order” to JR Hokkaido, demanding efforts to improve management
2024-03-15 18:10:00
On the 15th, the Ministry of Land, Infrastructure, Transport and Tourism issued a legal "supervision order" to JR Hokkaido, which continues to face difficult management conditions, and asked it to take steps to improve its management. We plan to provide a total of over 100 billion yen in support over the three years starting in fiscal 2024.
TOP
Rapid increase in route bus fares to secure drivers before the “2024 problem”
2024-03-15 18:08:00
Regarding route buses, which are a familiar means of transportation, this fiscal year the government approved 93 applications from bus companies to increase fares, a sharp increase of more than five times the number from last year. This is due to the fact that bus companies are taking measures to secure the number of drivers ahead of the ``2024 problem'', where regulations on driver working hours will be tightened starting in April and there are concerns about labor shortages. is.
TOP
JFTC announces company “Leave transaction price unchanged without consultation with many business partners”
2024-03-15 17:48:00
As labor costs continue to rise due to wage increases and raw material prices continue to rise, the Fair Trade Commission investigated whether small and medium-sized enterprises are able to appropriately pass on increased costs in transactions with major corporations. As a result, the names of 10 companies were made public as it was confirmed that transaction prices were left unchanged without consultation with many business partners.
TOP
Stock price The closing price was 99.74 yen lower than the previous day, the decline was small.
2024-03-15 17:07:00
On the 15th, the Tokyo stock market and the Nikkei Stock Average fell slightly.
TOP
Big Motor subcontractors commit numerous violations of laws and regulations; JFTC makes unusual recommendation
2024-03-15 17:02:00
Used car sales company ``Big Motor'' has repeatedly violated numerous laws and regulations, such as forcing subcontractors to pull weeds and clean stores. It issued an unusual recommendation, requesting an investigation report within 180 days.
TOP
Stock price fell slightly, overall decline was limited
2024-03-15 12:42:00
On the 15th, the Tokyo stock market and the Nikkei average stock price fell slightly.
TOP
Honda and Nissan solidify policy to sign memorandum of understanding for collaboration on EVs, etc.
2024-03-15 12:40:00
It was announced that Honda and Nissan Motors have decided to sign a memorandum of understanding on the 15th for comprehensive collaboration. The aim is for the rival manufacturers, which are the second and third largest in Japan after Toyota Motor Corporation, to join forces to strengthen EVs, where Japanese companies are lagging behind.
TOP
Honda and Nissan solidify policy to sign memorandum of understanding for collaboration on EVs, etc.
2024-03-15 11:56:00
It was announced that Honda and Nissan Motors have decided to sign a memorandum of understanding on the 15th for comprehensive collaboration. The aim is for the rival manufacturers, which are the second and third largest in Japan after Toyota Motor Corporation, to join forces to strengthen EVs, where Japanese companies are lagging behind.
TOP
Honda and Nissan solidify policy to sign memorandum of understanding for collaboration on EVs, etc.
2024-03-15 10:58:00
It was announced on the 15th that Honda and Nissan Motors have decided to sign a memorandum of understanding for comprehensive collaboration in fields such as EV (electric vehicles). Honda and Nissan are the second- and third-largest car manufacturers in Japan after Toyota in terms of global sales, and they aim to strengthen their businesses through collaboration. In particular, in the EV (electric vehicle) business, the company has lagged behind American and Chinese manufacturers, and it is expected that they will promote the standardization of parts.
TOP
Narita Airport Company invites new handling company to start operations from the 15th
2024-03-15 10:46:00
As the shortage of "ground handling" staff, which handles tasks such as ground guidance for aircraft, becomes serious, the Narita Airport Company has invited a new handling company, which began operations on the 15th.
TOP
Amount of foreign investors buying Japanese stocks Net buying for 2 consecutive weeks
2024-03-15 07:06:00
Last week, the Nikkei Stock Average hit the 40,000 yen level for the first time in history, but the amount foreign investors bought of Japanese stocks during this week exceeded the amount they sold, making them net buyers for the second consecutive week.
TOP
Spring labor agreement reached with Japan Post Group's average monthly wage increase of 5,100 yen, the largest since privatization
2024-03-15 07:04:00
In this year's spring labor union, the Japan Post Group agreed to raise wages by an average of 5,100 yen per month, the largest amount since privatization, as part of the base increase.
TOP
Shunto NTT Group Wages for all employees increased by an average of over 7%, the highest level ever
2024-03-15 07:02:00
During this year's spring labor union, the NTT Group agreed to raise the wages of all employees, including non-regular employees, by 11,000 yen per month, the highest level ever. Including regular salary increases, the average wage increase is over 7% overall.
TOP
Lawson and Watami to collaborate on product delivery from factories by truck
2024-03-15 07:01:00
Lawson, a major convenience store, and Watami, a food and beverage chain, have decided to collaborate to deliver products from factories by truck. As responding to the ``2024 problem'' in logistics becomes an issue, companies from different industries are collaborating to improve delivery efficiency.
TOP
NY stock market temporarily fell by more than $300, crude oil futures rose to $81 level
2024-03-15 06:56:00
In the New York financial market on the 14th, the Dow Jones Industrial Average at one point fell by more than $300 due to concerns about inflation, and the international crude oil futures price fell to the $81/barrel level for the first time in about four months. It rose to.
TOP
Decommissioning of Hamaoka Nuclear Power Plant Units 1 and 2 to be completed by 6 years to 2042 Chubu Electric Power
2024-03-15 05:34:00
Chubu Electric Power Co., Ltd. has announced that the completion date for the decommissioning of Units 1 and 2 of the Hamaoka Nuclear Power Plant in Shizuoka Prefecture will be postponed by six years from the original 2036 to 2042.
TOP
