Economic news(2024/04/09)
Bank of Japan Governor Ueda “If prices continue to rise, we will consider policy changes such as additional interest rate hikes”
2024-04-09 20:25:00
Bank of Japan Governor Ueda, who has been in office for a year, stated in the Diet, ``If the underlying price trend rises towards 2%, it will be possible to decide to weaken the degree of monetary easing a little,'' and gave an outlook on future prospects. If prices continue to rise as expected, the Bank has indicated that it will consider policy changes such as additional interest rate hikes.
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Yen market: small price movements
2024-04-09 19:13:00
At the Tokyo foreign exchange market on the 9th, the yen exchange rate was in the high 151 yen range to the dollar, with small price movements.
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Microsoft makes largest investment in Japan to strengthen business to expand demand for AI
2024-04-09 19:00:00
It has been revealed that American IT giant Microsoft will strengthen its Japanese business in order to meet the growing demand for generative AI. In addition to expanding the data center essential for generative AI, the company plans to establish a new research base, which is expected to be the largest investment in Japan.
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Vegetable retail prices for lettuce and cabbage more than 20% higher than last week, Ministry of Agriculture, Forestry and Fisheries
2024-04-09 18:33:00
The national average retail prices of major vegetables from the 3rd to the 5th of this month, announced by the Ministry of Agriculture, Forestry and Fisheries on the 9th, are higher than normal for 7 of the 8 items surveyed.
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Ministry of Land, Infrastructure, Transport and Tourism to review the fraudulent acquisition of "type designation" measures to be finalized by summer
2024-04-09 18:06:00
In response to a series of frauds committed by automobile manufacturers and others regarding the acquisition of type designations necessary for mass production of automobiles, the Ministry of Land, Infrastructure, Transport and Tourism has held a study group to prevent fraud, and has confirmed that countermeasures will be compiled by this summer. Did.
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Movement to increase production of semiconductor-related materials Shin-Etsu Chemical to build new factory
2024-04-09 17:23:00
As Japan's semiconductor industry continues to strengthen, investment is becoming more active among companies involved in related materials. Shin-Etsu Chemical has decided to build a new factory in Gunma Prefecture.
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Japan's version of ride-sharing: Minister of Land, Infrastructure, Transport and Tourism: ``Make more use of it based on the usage situation''
2024-04-09 12:09:00
Regarding the "Japanese version of ride sharing", which began service on the 8th, Minister of Land, Infrastructure, Transport and Tourism Saito stated that, after ensuring safety, the government will consider measures to encourage further use of the service based on the usage status of the service. I did.
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The weakening of the yen “excessive move, we will not exclude any means” Finance Minister Suzuki
2024-04-09 10:22:00
Regarding the depreciation of the yen in the foreign exchange market, where the yen is approaching 152 yen to the dollar, Minister of Finance Suzuki stated at a press conference after the cabinet meeting on the 9th that he would eliminate all measures to prevent excessive moves. We reiterated our intention not to do so and put a check on market movements.
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Domestic production facilities for ethylene, raw material for plastic products, etc. to be shut down for the first time in about 10 years
2024-04-09 07:05:00
Domestic production facilities for ethylene, a basic raw material for various chemical products such as plastics, will be shut down for the first time in about 10 years. Domestic manufacturers are being forced to rationalize due to increased production in China.
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One year after taking office, Bank of Japan Governor Ueda focuses on how to decide on additional interest rate hikes
2024-04-09 05:52:00
Nine days will mark one year since Bank of Japan Governor Ueda took office. The Bank of Japan lifted its negative interest rate policy last month, citing a virtuous cycle in wages and prices, but the focus is on whether the virtuous cycle will continue and what decision it will make regarding further interest rate hikes.
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60% "appreciate" the Bank of Japan's cancellation of negative interest rate policy NHK poll
2024-04-09 05:14:00
When asked in an NHK opinion poll how they evaluate the Bank of Japan's decision to end its negative interest rate policy and raise interest rates for the first time in 17 years, 60% of people said they appreciated it.
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