Economic news(2024/04/05)
“Real wages” hold the key: Will it turn positive? [Economic Column]
2024-04-05 18:37:00
The latest wage increase rate for spring labor unions announced by Rengo on the 4th of this month was an average of 5.24%. Continuing from last month, it has exceeded 5% this time as well, maintaining the highest level in 33 years. On the other hand, some say, ``I don't really feel it because prices are going up.'' In fact, "real wages" continue to be negative. Against this backdrop, the new fiscal year has arrived, and the time has come for the wage increases from the spring labor union to be reflected in salaries. There is a growing view that ``real wages'' may finally turn positive. (Economy Department reporter Airi Enoshima)
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Yen market price rises slightly
2024-04-05 18:20:00
On the 5th, the yen rate rose slightly in the Tokyo foreign exchange market.
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Japan Post Bank regular savings interest rate hike from 0.001% per year to 0.02% per year
2024-04-05 18:06:00
In response to the Bank of Japan lifting its negative interest rate policy, Japan Post Bank has decided to raise interest rates on savings, which are equivalent to ordinary deposits, from the 8th of this month.
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Household Income and Expenditure Survey Declines for 12 Months in a Row How Can Companies Stimulate Consumption?
2024-04-05 17:34:00
The Ministry of Internal Affairs and Communications announced in February's Household Expenditure Survey that the amount spent on consumption by households of two or more people decreased by 0.5% in real terms, excluding price changes, compared to the same month of the previous year. This was the second consecutive month of decline. Due to the record-warm winter that has kept electricity and gas costs down, people are continuing to cut back on food expenditures against the backdrop of rising prices. How can we stimulate consumption in response to consumers' tendency to save money? Companies are taking various initiatives.
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Government bonds held by the Bank of Japan exceed 589 trillion yen, the highest ever at the end of the fiscal year
2024-04-05 16:45:00
The outstanding balance of government bonds held by the Bank of Japan was over 589 trillion yen as of the end of March, the highest ever at the end of a fiscal year. The Bank of Japan shifted its large-scale monetary easing policy in March, but the focus has been on handling government bonds, which it holds in large quantities.
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February economic trend index 1.2 points compared to the previous month ↓ Impact of suspension of automobile production
2024-04-05 16:16:00
This February's economic trend index, which indicates the current state of the economy, declined for the second consecutive month due to the impact of production suspensions by some automakers.
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Stock price temporarily fell by nearly 1,000 yen as crude oil futures rose and NY stocks fell
2024-04-05 15:41:00
In the Tokyo stock market on the 5th, the Nikkei Stock Average temporarily fell by nearly 1,000 yen as concerns about inflation spread in the United States due to rising oil prices.
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Government bonds held by the Bank of Japan exceed 589 trillion yen, the highest ever at the end of the fiscal year
2024-04-05 13:27:00
The outstanding balance of government bonds held by the Bank of Japan was over 589 trillion yen as of the end of March, the highest ever at the end of a fiscal year. The Bank of Japan shifted its large-scale monetary easing policy in March, but the focus has been on handling government bonds, which it holds in large quantities.
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Tokyo crude oil market price rises due to Middle East situation, reaching 80,000 yen level for the first time in about 5 months
2024-04-05 12:25:00
Against the backdrop of the increasingly tense situation in the Middle East, the futures price of crude oil from the Middle East rose in the Tokyo crude oil market, and the futures price of crude oil, which is the mainstay of trading, hit the 80,000 yen per kiloliter level for the first time in about five months. I put it on.
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Governor Kawakatsu announces intention to resign “Encouraging dialogue between Maglev JR and the prefecture” Minister of Land, Infrastructure, Transport and Tourism
2024-04-05 12:11:00
Regarding Governor Kawakatsu's intention to resign, who has not approved the construction of the "Linear Chuo Shinkansen" in Shizuoka Prefecture, Minister of Land, Infrastructure, Transport and Tourism Saito avoided making any specific mention of the fact that the project owner, JR Tokai, Shizuoka Prefecture, etc. We reiterated our intention to encourage dialogue with the public and create an environment for early opening.
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Stock price temporarily fell by more than 900 yen as NY stocks fell due to rise in crude oil futures
2024-04-05 12:10:00
On the 5th, the Tokyo stock market saw the Nikkei Stock Average fall by more than 900 yen, following the trend of stock prices falling in the New York market on the 4th due to a rise in international crude oil futures prices.
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February Household Survey Real consumption decreased by 0.5% compared to the same month last year, 12th consecutive month of decline
2024-04-05 11:23:00
The Ministry of Internal Affairs and Communications announced in February's Household Expenditure Survey that the amount spent on consumption by households of two or more people decreased by 0.5% in real terms, excluding price changes, compared to the same month of the previous year. This was the second consecutive month of decline. Due to the record-warm winter that has kept electricity and gas costs down, people are continuing to cut back on food expenditures against the backdrop of rising prices.
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US Ford postpones production start of new EV, plans to expand hybrid vehicles
2024-04-05 11:07:00
As it is pointed out that demand for EVs (electric vehicles) is sluggish in the United States, major automaker Ford has announced plans to postpone the start of production of new EVs while expanding its lineup of hybrid vehicles, which are becoming popular. Did.
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Stock price fell by more than 900 yen at one point due to the trend of falling stock prices in the NY market
2024-04-05 10:45:00
On the 5th, the Tokyo stock market and the Nikkei Stock Average temporarily fell by more than 900 yen.
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Stock price temporarily fell by more than 700 yen due to the trend of falling stock prices in the NY market
2024-04-05 09:42:00
On the 5th, the Tokyo stock market and Nikkei average stock price fell by more than 700 yen at one point.
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Taiwan TSMC's damaged equipment “New factory for cutting-edge semiconductor mass production is expected to be restored”
2024-04-05 09:11:00
Taiwan's TSMC, the world's largest contract manufacturer of semiconductors, said in a statement on the night of the 4th that the recovery rate of its factory equipment has already exceeded 80%, and that its new factory, which mass-produces the world's most advanced semiconductors, will be fully restored. It has been revealed that it is a prospect.
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Stock price temporarily fell by more than 600 yen due to the trend of falling stock prices in the NY market
2024-04-05 09:09:00
On the 5th, the Tokyo stock market and Nikkei average stock price fell by more than 600 yen at one point. As international crude oil futures prices rose due to the increasingly tense situation in the Middle East, stock prices fell in the New York market on the 4th, and in the Tokyo market, many semiconductor-related and other stocks were sold off immediately after trading began. Orders are expanding.
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February Household Survey Real consumption decreased by 0.5% compared to the same month last year, 12th consecutive month of decline
2024-04-05 08:51:00
According to the February household budget survey released by the Ministry of Internal Affairs and Communications, the amount spent on consumption by households of two or more people decreased by 0.5% in real terms, excluding price changes, compared to the same month last year. This is the 12th consecutive month of decline, and the amount spent per household was 279,868 yen.
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NY crude oil futures prices temporarily rose to the $87 level; Dow Jones Industrial Average fell sharply
2024-04-05 06:43:00
On the 4th, in the New York financial market, international crude oil futures prices briefly rose to the $87/barrel level for the first time in about five months due to the tense situation in the Middle East. As a result, concerns about inflation spread, and the Dow Jones Industrial Average dropped by more than 500 points.
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Logistics “2024 Problem” Impact of book arrival delayed by one day at bookstore in Akita
2024-04-05 05:58:00
Due to the ``2024 problem'' in logistics, bookstores in Akita Prefecture have been affected by the arrival of paperbacks, literary books, etc. starting in April one day after the release date.
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