This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2022/10/07)


Kyoto   Hakone

Hino Motors data fraud president apologizes 4 executives resigned past presidents also responsible

2022-10-07 22:16:00
Hino Motors held a press conference on the 7th, and President Satoshi Ogiso apologized for the problem of fraudulent data such as exhaust gas. In order to clarify management responsibility, we are asking for a reduction in the president's remuneration, the resignation of four officers including directors, and the voluntary return of remuneration from successive presidents.

TOP

U.S. employment statistics for September Employed people increased by 263,000 from the previous month Unemployment rate improved

2022-10-07 21:55:00
The U.S. employment report was released last month, with 263,000 more people employed outside the agricultural sector than the previous month. Meanwhile, the unemployment rate improved by 0.2 points from the previous month to 3.5%. It has been confirmed that there is a serious labor shortage in the United States.

TOP

Topics constituent stocks to be reviewed Possibility of exclusion is 22% of the total

2022-10-07 21:09:00
The Japan Exchange Group, which owns the Tokyo Stock Exchange, plans to review the constituents of the Tokyo Stock Price Index = Topics, a representative index that shows stock price movements, as part of its market reforms. Although 22% of the stocks may be excluded due to the review, the exchange group says that the continuity as an index will not be lost and will not fluctuate significantly.

TOP

Hino Motors data fraud president apologizes 4 executives resigned past presidents also responsible

2022-10-07 21:07:00
Hino Motors held a press conference on the 7th, and President Satoshi Ogiso apologized for the problem of fraudulent data such as exhaust gas. In order to clarify management responsibility, we are asking for a reduction in the president's remuneration, the resignation of four officers including directors, and the voluntary return of remuneration from successive presidents.

TOP

Google plans to invest 100 billion yen in Japan, including data centers in Chiba

2022-10-07 20:53:00
Google has announced plans to invest 100 billion yen in Japan by 2024. We are planning to open a data center in Chiba Prefecture and connect to Canada with a submarine cable.

TOP

Hino Motors data fraud Submission of recurrence prevention measures to Ministry of Land, Infrastructure, Transport and Tourism Announcement of dismissal of executives

2022-10-07 20:03:00
On the 7th, the company submitted a report summarizing measures to prevent recurrence to the Ministry of Land, Infrastructure, Transport and Tourism due to the data fraud problem of Hino Motors for about 20 years. In addition, in order to clarify management responsibility, we announced that we will reduce the remuneration of President Satoshi Ogiso, resign four officers including directors, and ask successive presidents to voluntarily return their remuneration.

TOP

Hino Motors Data Fraudulent President Apologizes "Taking Responsibility Seriously"

2022-10-07 20:00:00
In response to the problem that Hino Motors had submitted improper data such as exhaust gas to the government, President Satoshi Ogiso held a press conference on the night of the 7th, saying, "Management does not get along with the site, and compliance with laws and regulations and the development of a healthy work culture are important." We have been negligent, lost sight of how cars should be made, and engaged in dishonesty over a long period of time.We take responsibility as a manager for causing great trouble to our stakeholders, including our customers, and are seriously reflecting on it. After doing so, we will carry out reforms so as not to cause fraud again, ”he apologized again for the series of problems.

TOP

SBI Sumishin Net Bank to be listed on the Tokyo Stock Exchange again

2022-10-07 19:35:00
SBI Sumishin Net Bank, a major online bank, announced on the 7th that it has applied again to the Tokyo Stock Exchange for the procedures for listing its shares, which had been postponed due to the deterioration of the market environment due to Russia's invasion of Ukraine.

TOP

Hino Motors data fraud Submission of recurrence prevention measures to Ministry of Land, Infrastructure, Transport and Tourism Announcement of dismissal of executives

2022-10-07 19:10:00
On the 7th, the company submitted a report summarizing measures to prevent recurrence to the Ministry of Land, Infrastructure, Transport and Tourism due to the data fraud problem of Hino Motors for about 20 years. In addition, in order to clarify management responsibility, we announced that we will reduce the remuneration of President Satoshi Ogiso, resign four officers including directors, and ask successive presidents to voluntarily return their remuneration.

TOP

More than 20% of gas stations Part of subsidies Not reflected in price control

2022-10-07 18:44:00
A survey by the Ministry of Finance on subsidies to reduce the burden on gasoline prices, etc., found that more than 20% of gas stations did not reflect part of the subsidies in suppressing selling prices. The Ministry of Finance has pointed out to the Ministry of Economy, Trade and Industry that the purpose of the subsidies should be thoroughly communicated to business operators.

TOP

[Economic column]

2022-10-07 18:35:00
In late September, Bank of Japan Governor Kuroda's remarks, "Achieving the price stability target will be difficult next year and the year after," surprised market participants. Kuroda's view is that the rise in prices due to high raw material prices will be temporary. However, as the term of office of the governor is approaching six months, there are some voices within the BOJ that expect it to be the last chance to achieve the price stability target accompanied by wage hikes. Why have you become so cautious? And what about future price trends? (Economics Department reporter Neil Kato)

TOP

Yen exchange rate 1 dollar = around 145 Yen depreciation due to growing speculation of a large interest rate hike in the United States

2022-10-07 18:32:00
In the Tokyo foreign exchange market on the 7th, the yen depreciated against the backdrop of growing speculation that the United States would raise interest rates significantly, trading at around 145 yen to the dollar.

TOP

SMBC Nikko Securities Market Manipulation Incident Business Suspension Order for 3 Months

2022-10-07 18:22:00
Regarding the SMBC Nikko Securities market manipulation incident, the Financial Services Agency ordered the company to suspend operations for three months on the 7th, and to strengthen the internal control system and clarify management responsibility. I have issued a business improvement order.

TOP

Foreign currency reserves record largest month-on-month decline Market intervention by the government and the Bank of Japan also has an impact

2022-10-07 18:18:00
At the end of September, Japan's foreign exchange reserves fell by the largest amount in history compared to the previous month. In addition to the decline in the valuation of US government bonds, the large-scale market intervention by the government and the Bank of Japan to sell the dollar and buy the yen also had an impact.

TOP

KDDI large-scale communication failure “Strengthen work management system” Ministry of Internal Affairs and Communications report

2022-10-07 17:59:00
Regarding KDDI's large-scale communication failure in July this year, the Ministry of Internal Affairs and Communications' expert panel should strengthen the work management system in order not to repeat mistakes in the work procedure when replacing the equipment that caused the failure. I compiled a report that said

TOP

SMBC Nikko Securities Market Manipulation Incident Business Suspension Order for 3 Months

2022-10-07 17:38:00
Regarding the SMBC Nikko Securities market manipulation incident, the Financial Services Agency ordered the company to suspend operations for three months on the 7th, and to strengthen the internal control system and clarify management responsibility. I have issued a business improvement order.

TOP

Toyota announces possible leakage of more than 290,000 customer email addresses

2022-10-07 17:25:00
Toyota Motor Corporation announced that more than 290,000 e-mail addresses of customers who subscribed to a connected service that connects cars to the Internet may have been leaked.

TOP

SMBC Nikko Securities Market Manipulation Incident Business Suspension Order for 3 Months

2022-10-07 17:07:00
Regarding the SMBC Nikko Securities market manipulation incident, the Financial Services Agency ordered the company to suspend operations for three months on the 7th, and to strengthen the internal control system and clarify management responsibility. I have issued a business improvement order.

TOP

August economic trends Index indicating the current situation Rise for 3 months in a row Economic judgment remains unchanged

2022-10-07 16:13:00
The economic trend index for August announced by the Cabinet Office was 101.7 based on the ``coincidence index'', which indicates the current state of the economy, with 2015 as 100, an increase of 1.6 points from the previous month for the third consecutive month. Did.

TOP

Stock prices fall Concerns about global economic slowdown due to growing expectations of a sharp interest rate hike in the United States

2022-10-07 16:12:00
The Tokyo stock market on the 7th, stock prices fell.

TOP

SMBC Nikko Securities ordered to suspend some operations for 3 months due to market manipulation Financial Services Agency

2022-10-07 16:10:00
Regarding the SMBC Nikko Securities market manipulation incident, the Financial Services Agency ordered the company to suspend operations for three months on the 7th, and requested the company to strengthen its internal control system and clarify management responsibility. I issued an improvement order. In addition to this incident, it was revealed that SMBC Nikko Securities had shared information on corporate acquisitions etc. in violation of laws and regulations with Sumitomo Mitsui Banking Corporation of the same group. issued an order. In response to a series of problems, the Financial Services Agency also ordered parent company Sumitomo Mitsui Financial Group to take necessary measures to improve the operations of its subsidiaries.

TOP

Foreign currency reserves record largest month-on-month decline Market intervention by the government and the Bank of Japan also has an impact

2022-10-07 12:55:00
At the end of September, Japan's foreign exchange reserves fell by the largest amount in history compared to the previous month. In addition to the decline in the valuation of US government bonds, the large-scale market intervention by the government and the Bank of Japan to sell the dollar and buy the yen also had an impact.

TOP

Mizuho FG Acquires Approximately 20% of Rakuten Securities Shares, Aiming to Attract Young Customers

2022-10-07 12:47:00
Mizuho Financial Group, a major financial group, announced that it will acquire 19.99% of the shares of Rakuten Securities held by Rakuten Group next month through its subsidiary Mizuho Securities. With the aim of attracting young customers, the acquisition price is expected to be 80 billion yen.

TOP

Yen exchange rate trades at around 145 yen per dollar.

2022-10-07 12:36:00
In the Tokyo foreign exchange market on the 7th, the yen depreciated against the background of growing speculation that the United States will raise interest rates significantly, and the yen exchange rate is trading at around 145 yen to the dollar.

TOP

Mr. Musk's Twitter acquisition court orders the acquisition to be completed by 28th

2022-10-07 11:59:00
After American entrepreneur Elon Musk re-offered a deal to social media giant Twitter, a local court ruled against Musk if he wanted to avoid continuing the lawsuit over the implementation of the deal with Twitter. I ordered the acquisition to be completed by the 28th of this month.

TOP

Mizuho FG acquires 20% stake in Rakuten Securities Cooperating with major financial group and Internet securities

2022-10-07 11:53:00
Financial giant Mizuho Financial Group has announced that it will acquire a 19.99% stake in Internet brokerage firm Rakuten Securities next month. The purchase price is expected to be approximately 80 billion yen. In the financial industry, major financial groups are forming alliances one after another with Internet brokerages, which are increasing the number of accounts, especially among the younger generation.

TOP

August Family Income and Expenditure Survey: Consumption expenditure increased by 5.1% year-on-year, increasing for 3 consecutive months

2022-10-07 10:10:00
The amount spent by households with two or more people in August this year increased by 5.1% from the same month last year in real terms, excluding price fluctuations.

TOP

Yen exchange rate trades at around 145 yen per dollar.

2022-10-07 09:34:00
In the Tokyo foreign exchange market on the 7th, the yen depreciated against the background of growing speculation that the United States will raise interest rates significantly, and the yen exchange rate is trading at around 145 yen to the dollar.

TOP

Real wages in August fell 1.7% year-on-year, falling for the fifth consecutive month of negative growth

2022-10-07 08:50:00
The total cash earnings per worker in August this year increased by 1.7% compared to August last year, and remained positive for eight consecutive months, but could not keep up with the rise in prices, and real wages decreased by 1.7%. It was negative for five consecutive months.

TOP

Major clothing chain GU to open first U.S. store in New York

2022-10-07 07:38:00
GU, a major clothing chain, will open its first store in the United States in New York. The aim is to use it as a foothold to expand into the United States as the domestic market shrinks.

TOP

NY market Yen exchange rate temporarily 1 dollar = 145 yen range Lower Dow average stock price

2022-10-07 07:03:00
In the New York financial market on the 6th, the yen weakened to the low 145 yen level to the dollar at one point against the backdrop of expectations of a significant interest rate hike in the United States, and the Dow Jones Industrial Average dropped.

TOP


Kyoto   Mt.Fuji


EN      CS      KO      PT