Economic news(2024/04/04)
Preventing unauthorized use of credit cards: Strengthening efforts to introduce identity verification
2024-04-04 23:21:00
As the damage caused by unauthorized credit card use continues, the Ministry of Economy, Trade and Industry will work with credit card companies and others to monitor the situation of unauthorized use, and will introduce an identity verification system for online shopping businesses. We have decided to strengthen our efforts to do so.
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Linear Chuo Shinkansen “Complete in 2031 with partial construction in Yamanashi and Nagano”
2024-04-04 18:54:00
JR Tokai has announced that the ``Linear Chuo Shinkansen'', which is currently under construction, is expected to be completed in 2031 with some construction work in Yamanashi and Nagano prefectures. JR Tokai announced last week that it would abandon its goal of opening in 2027, and this is the first time it has set a construction period beyond 2027.
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Fiscal System Council Exchange of opinions on fiscal management issues such as national bond interest payments
2024-04-04 18:45:00
With the Bank of Japan lifting its negative interest rate policy and the arrival of a ``world with interest rates,'' an advisory body to the Minister of Finance announced at a meeting on the 4th that interest payments on government bonds will increase if interest rates rise in the future. We exchanged opinions on issues related to fiscal management, such as:
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Rohto Pharmaceutical and Mitsui & Co. announce acquisition of Chinese herbal medicine manufacturer in Singapore
2024-04-04 18:39:00
Rohto Pharmaceutical, headquartered in Osaka, announced that it will acquire Singapore's herbal medicine manufacturer, the largest in Southeast Asia, along with a major trading company for approximately 88 billion yen. The aim is to strengthen business in the health field.
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Tower Man under construction in Tokyo Sales suspended due to lack of strength due to concrete inspection
2024-04-04 18:26:00
When the construction contractor inspected the concrete used in the construction of two tower condominiums under construction in the bay area of Chuo Ward, Tokyo, it was discovered that some of the samples lacked strength. This condominium was scheduled to go on sale from the end of this month, but the sale has been temporarily suspended so that the builder and others can take a closer look.
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Average wage increase rate maintained at over 5% during spring labor, high level for small and medium-sized enterprises as well, compiled by Rengo
2024-04-04 18:23:00
A coalition of labor organizations compiled the wage increase rates of approximately 2,600 companies that had responded by the 2nd during this year's spring labor campaign, and found that the average wage increase rate was 5.24%, maintaining a level exceeding 5%, and for small and medium-sized enterprises, it was 4.69%. I found it to be of a high standard.
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HOYA system failure; ordering and shipping of eyeglass lenses stopped; unauthorized access?
2024-04-04 18:04:00
HOYA, a major optical glass manufacturer, has experienced a system failure at its head office and multiple offices, causing orders and shipments of eyeglass lenses to be suspended. The company is urgently working to recover the data as there is a high possibility of unauthorized access by a third party.
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Yen market: small price movements
2024-04-04 18:01:00
At the Tokyo foreign exchange market on the 4th, the yen exchange rate had small price movements against the dollar.
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Bank of Japan economic assessment lowered in seven regions nationwide Regional economic report
2024-04-04 17:19:00
The Bank of Japan releases its tri-monthly ``Regional Economic Report'' and downgrades its economic outlook in seven of the country's nine regions due to factors such as the suspension of automobile production.
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Naming ceremony for giant container ship using next-generation fuel methanol Yokohama Port
2024-04-04 17:00:00
A naming ceremony was held at Yokohama Port for a huge container ship that uses methanol, which is considered one of the next generation fuels for decarbonization.
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Rakuten Group to issue new dollar-denominated corporate bonds worth 300 billion yen
2024-04-04 16:24:00
Rakuten Group has decided to issue a new dollar-denominated corporate bond worth 300 billion yen in Japanese yen. The aim is to alleviate the temporary financial burden as the large amount of corporate bonds issued for capital investment in the mobile phone business is about to be redeemed.
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Seven central banks and private financial institutions from Japan, the US, and Europe to conduct digital currency demonstration experiments
2024-04-04 13:49:00
Seven central banks and private financial institutions, including Japan, the United States, and Europe, have decided to begin demonstration experiments using digital currencies. We aim to create a system that will simplify cross-border payments and help prevent money laundering.
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Tower Man under construction in Tokyo Sales suspended due to lack of strength due to concrete inspection
2024-04-04 12:24:00
When the construction contractor inspected the concrete used in the construction of two tower condominiums under construction in the bay area of Chuo Ward, Tokyo, it was discovered that some of the samples lacked strength. This condominium was scheduled to go on sale from the end of this month, but the sale has been temporarily suspended so that the builder and others can take a closer look.
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Stock price temporarily rose by more than 700 yen due to NY market trend
2024-04-04 12:02:00
The Nikkei Stock Average rose by more than 700 yen at one point due to the rise in high-tech stocks on the Tokyo stock market and New York stock market on the 4th.
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Aeon voluntarily recalls private brand 2L drinking water, abnormal odor confirmed
2024-04-04 11:01:00
Major distribution company Aeon announced that it will voluntarily recall approximately 860,000 2-liter bottles of private brand drinking water. This is because it was confirmed that a strange odor was coming from the outside of the cap, and so far there have been no reports of any health hazards.
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Stock price rose by more than 700 yen at one point, buying orders for stocks such as semiconductors
2024-04-04 09:33:00
The Tokyo stock market on the 4th, the Nikkei average stock price rose by more than 700 yen at one point. Following the rise in high-tech stocks in the New York market on the 3rd, buy orders have spread to semiconductor and other stocks in the Tokyo market immediately after trading began.
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Stock price temporarily rose by more than 500 yen Buy orders for semiconductors and other stocks
2024-04-04 09:13:00
On the 4th, the Tokyo stock market and the Nikkei Stock Average rose by more than 500 yen at one point. Following the rise in high-tech stocks in the New York market on the 3rd, buy orders have spread to semiconductor and other stocks in the Tokyo market immediately after trading began.
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Yen exchange rate: The yen depreciates to a level approaching 152 yen per dollar at one point in the NY financial market
2024-04-04 06:04:00
In the New York financial market on the 3rd, the yen depreciated at one point to a level approaching 152 yen to the dollar. In addition, the international crude oil futures price briefly rose to the $86/barrel range for the first time in about five months, and the benchmark gold futures price hit a new all-time high.
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Major banks are moving to downsize their branches, specializing in services with high demand
2024-04-04 05:46:00
There is a movement among major banks to downsize their branches. The aim is to specialize in providing services that are expected to be in demand, and to reduce costs while retaining customers.
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Prime Minister Kishida presents ideas for strengthening reforms to attract investment from overseas
2024-04-04 05:27:00
Prime Minister Kishida exchanged opinions with top executives of major American investment banks and expressed his intention to further strengthen reforms to attract foreign investment.
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Directly connected to JR Osaka Station "JP Tower Osaka" office floor open to the public, sauna also included
2024-04-04 05:23:00
In conjunction with the completion of construction work on ``JP Tower Osaka,'' a large complex directly connected to JR Osaka Station, the office floor equipped with a sauna and gym was opened to the press on the 3rd. The area around JR Osaka Station is undergoing a series of redevelopment projects, which are expected to lead to further revitalization.
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