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Economic news(2020/08/04)


Kyoto   Hakone

Sony expects 26% decrease in profit this year Smartphone sensors are sluggish

2020-08-04 19:26:00
On the 4th, Sony announced the forecast for this year, which was previously undecided, and the smartphone market has contracted due to the effect of the new coronavirus, and the sales of image sensors have decreased. Revealed a 26% decline.

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Three major financial group companies drastically reduced earnings in April-June Impact of new corona

2020-08-04 19:25:00
The financial results of the three major financial groups from April to June have been completed, and the final profits have dropped significantly. This is because the new coronavirus has inflated the cost of "borrowing" in which the money loaned to the company is not returned.

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Yahoo and LINE Business Integration Approved Conditionally Fair Trade Commission

2020-08-04 19:09:00
The Fair Trade Commission, which was reviewing the business integration of Yahoo and LINE, a major IT company, is subject to a review of contracts with some stores that do not use the smartphone payment service provided by other companies. Announced that the business integration has been approved.

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Sanrio April-June results In loss of more than 800 million yen due to closing of theme park

2020-08-04 18:57:00
"Sanrio," which operates the theme park "Sanrio Puroland," refers to the closing of the theme park for three months from April to June due to the spread of the new coronavirus. As a result of the decline in sales, the final profit and loss was a loss of more than 800 million yen.

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Soaring vegetable prices are expected to return to normal levels later this month Ministry of Agriculture, Forestry and Fisheries

2020-08-04 17:08:00
The wholesale prices of vegetables such as eggplant and cucumber, which have been soaring recently due to lack of sunlight and long rain, are expected to return to normal levels in the latter half of this month.

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Stock price increased by 370 yen

2020-08-04 15:59:00
On the Tokyo stock market on the 4th, buying orders were issued for a wide range of issues, and the Nikkei 225 stock price rose by more than 370 yen, ending the transaction.

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Kyushu Shinkansen Nagasaki route Minister of diplomacy "Wide discussion"

2020-08-04 15:39:00
Regarding the Kyushu Shinkansen Nagasaki route, Saga Prefecture refused the proposal of the country to evaluate the environmental impact without narrowing down the maintenance method, Minister of Land, Infrastructure, Transport and Tourism Akabane said, "I am sorry that I do not understand the purpose of the proposal No.” and then indicated that he would continue to promote “wide-ranging consultation” that does not assume the full standard.

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Nippon Steel 1st quarter 42 billion yen deficit Largest deficit since establishment of the company

2020-08-04 15:37:00
Japan's largest steel company, Nippon Steel, this year's financial results for the first three quarters of three months from April to June, because the global demand for steel fell due to the spread of the new coronavirus infection, etc. The final deficit was 42 billion yen, the largest deficit in the first quarter since the current company was established in October 2012.

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Significant decrease in export value of agricultural, forestry and marine products and foods in the first half of the year Impact of new corona

2020-08-04 13:45:00
It was revealed that the export value of agriculture, forestry and marine products and foods in the first half of this year decreased by about 36 billion yen compared to the same period last year due to the closure of overseas Japanese restaurants due to the influence of the new coronavirus. The government has set a new target, which is to double the current value of 5 trillion yen to 5 trillion yen in two years, but this is a stalemate.

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Support for reappointment of Toshiba president Only 57% of shareholders

2020-08-04 13:31:00
At a general meeting of shareholders held by Toshiba, which is in the process of rebuilding management, at the end of last month, it was found that only 57% of the president Nobuaki Kurumaya agreed to reappoint him. Last fall, Toshiba's corporate governance was discovered when a fictitious transaction of a subsidiary was discovered.

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Nationwide economic judgment "Always be careful" for the future revision of the upward direction Ministry of Finance

2020-08-04 13:21:00
The Ministry of Finance has revised the economic judgments of all 11 regions nationwide upward, saying that there are signs of recovery in personal consumption and production of the regional economy hit by the new coronavirus. However, the employment situation has been revised downward in 10 regions, and it is necessary to pay close attention to the economic outlook.

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Aso Deputy Prime Minister and Finance Minister Goal surplus target “No need to revise immediately”

2020-08-04 13:12:00
Deputy Prime Minister Aso and the Minister of Finance said that the achievement of the government's goal of making the “basic fiscal balance”, a financial soundness indicator, profitable in fiscal 2025 will become even more difficult. He reiterated the idea that it is not necessary to revise the goal immediately, saying that the effects of policies that improve productivity, such as the progress of the above, should be determined.

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Aso, Deputy Prime Minister and Minister of Finance Japan also needs to be prepared to respond as a financial hub

2020-08-04 12:44:00
With the view that the Hong Kong National Security Act will come into effect and more financial institutions will leave Hong Kong, Deputy Prime Minister Aso and the Minister for Finance will act as a “financial hub” for Japan to be selected as the relocation destination. He said that he needed to be prepared and that he should urgently improve the environment.

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SoftBank Group omission of about 40 billion yen

2020-08-04 12:11:00
It was revealed that the SoftBank Group was subjected to a tax examination by the Tokyo National Taxation Bureau and was pointed out that about 40 billion yen was omitted in the fiscal year ended March 31, last year, for example due to incorrect calculation of exchange rate and excessive loss. ..

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Stock price rose significantly

2020-08-04 12:02:00
The Tokyo Stock Market on the 4th saw a large increase in stock prices as soon as trading started, with buy orders placed for a wide range of issues.

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Yen price drop somewhat

2020-08-04 11:38:00
The Tokyo foreign exchange market on the 4th, the yen exchange rate has fallen somewhat. Market officials said, ``While investor concerns about the spread of the new coronavirus are still strong, the economic indicators on the manufacturing industry announced in the US and Europe on the 3rd exceeded the expectations of the market, and I'm excited to buy dollars and euros for the time being."

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Digitalization is “irreversible” due to the influence of the new Corona

2020-08-04 11:37:00
The government put together a white paper on information and communications this year, and said that the rapid digitization of society under the influence of the new coronavirus is irreversible, and that appropriate security measures against increasing cyber attacks etc. are indispensable doing.

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Yen price fluctuation

2020-08-04 10:09:00
The Tokyo foreign exchange market and the yen exchange rate on the 4th have been moving slightly. Market officials said, "The US business confidence index released on March 3 exceeded expectations in the market, and expectations for the US economic recovery are rising, and there are moves to buy some dollars. However, many investors are refraining from trading because the concern about the spread of the new coronavirus is still strong.

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Stock price increased by more than 300 yen

2020-08-04 09:47:00
In the Tokyo stock market on the 4th, buying orders spread immediately after the start of trading, and the Nikkei 225 stock price has risen by more than 300 yen. Market officials said, “In addition to the economic forecasts for the US manufacturing industry released on the 3rd night of Japan time exceeding the market's expectations, the NASDAQ stock index reached the highest level in the New York market on the 3rd. In response, in the Tokyo market, there is a movement to buy back a wide range of stocks such as export related and semiconductor related.”

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Mitsubishi Motors Kato CEO Demonstrate plans to rebuild Southeast Asia

2020-08-04 02:04:00
The final deficit of 360 billion yen this year, Takao Kato of Mitsubishi Motors Co., Ltd. CEO = Chief Executive Officer will start production of plug-in hybrid vehicles in Thailand from January next year in response to NHK's interview He showed the idea of ​​rebuilding around Southeast Asia.

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Kyoto   Mt.Fuji


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