Economic news(2022/10/28)
Acquisition by Twitter Musk completes filing with NY Stock Exchange
2022-10-28 23:06:00
US social media giant Twitter reported to the New York Stock Exchange on the 28th that the acquisition by entrepreneur Elon Musk was completed. The total purchase price is 44 billion dollars as agreed in April this year, which is approximately 6.4 trillion yen in Japanese yen. In July this year, Twitter filed a lawsuit asking Mr. Mask to carry out the acquisition because Mr. Mask unilaterally withdrew the agreed acquisition plan, but Twitter withdrew the lawsuit and settled. outlook.
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Each electric power company is preparing and considering an application for an increase in electricity rates for households
2022-10-28 21:05:00
As fuel prices continue to rise and business conditions continue to be tough, some electric power companies have begun preparing and considering whether to apply for approval from the government to raise electricity rates for households.
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Flour milling major Nippon to raise prices from January next year on some products for home use
2022-10-28 20:26:00
Nippon, a major flour milling manufacturer, has announced that it will raise the price of some household products that use wheat flour and other products from January 4th next year.
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What is Reskilling?
2022-10-28 19:32:00
The comprehensive economic measures this time include the promotion of "reskilling" to raise wages and strengthen growth potential. “Reskilling” is to acquire the necessary skills in order to get a new job or a new job within a company where growth is expected. It is said that the acquisition of digital technology and other skills that will significantly change the way work is done will create new value, improve corporate productivity and profits, and promote labor mobility that leads to wage increases. We have summarized "Reskilling" based on interviews with the Ministry of Health, Labor and Welfare and materials from private research institutes.
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Accelerating yen depreciation and nobody could have imagined [Economic column]
2022-10-28 19:25:00
On the 20th of this month, the yen exchange rate fell to the 150 yen level against the US dollar, marking the lowest level of yen depreciation in 32 years. At the end of last year, economists and others predicted that the yen would trade between 118 and 122 yen to the dollar this year. Few people, even among experts, expected the yen to depreciate so rapidly. In this column, we will once again look back at why the unexpected depreciation of the yen occurred. When I interviewed 15 people involved in the market, various unexpected things came to light. (Economics Department reporter Kei Nakazawa)
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New Comprehensive Economic Measures What will be the impact on household budgets?
2022-10-28 18:49:00
The new comprehensive economic measures to deal with high prices and the weak yen. The first pillar is the response to rising prices, such as reducing the burden of electricity and city gas charges. What effect will this have on our heavily burdened household budgets?
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Yen exchange rate drops to 1 dollar = 147 yen level Bank of Japan Governor Kuroda interview
2022-10-28 18:42:00
In the Tokyo foreign exchange market on the 28th, following the press conference by Governor Kuroda after the Bank of Japan's monetary policy meeting, the yen fell to the 147 yen level against the US dollar as the interest rate differential between Japan and the United States widened. .
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Hitachi, Ltd.'s half-year financial results record highest sales, boosted by yen depreciation
2022-10-28 18:41:00
Hitachi, Ltd.'s financial results for the entire group for the six months from April to September this year had a boost of more than 400 billion yen due to the effect of the weak yen, and sales were the highest ever for this period.
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New Comprehensive Economic Measures Decided How to Deal with High Prices and Weak Yen?
2022-10-28 18:39:00
In order to deal with high prices and the weak yen, the government has decided on a new comprehensive economic package with a total fiscal expenditure of about 39 trillion yen, including measures to ease the burden of electricity bills on households and businesses. The supplementary budget proposal for this fiscal year, which is the basis for the budget, will total about 29.1 trillion yen in the general account.
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Electricity bills in December remain unchanged for 10 major companies, price pass-through mechanism is the upper limit
2022-10-28 18:29:00
Electricity charges for December for the 10 major electric power companies are the same as those for November. This is because the mechanism for passing on the surging fuel prices has reached its upper limit, and it is no longer possible to raise prices any further.
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New Comprehensive Economic Measures Decided How to Deal with High Prices and Weak Yen?
2022-10-28 18:08:00
In order to deal with high prices and the weak yen, the government has decided on a new comprehensive economic package with a total fiscal expenditure of about 39 trillion yen, including measures to ease the burden of electricity bills on households and businesses. The supplementary budget proposal for this fiscal year, which is the basis for the budget, will total about 29.1 trillion yen in the general account.
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Bank of Japan raises price outlook and decides to maintain “large-scale monetary easing measures”
2022-10-28 17:58:00
Against the backdrop of rising raw material prices and the rapidly depreciating yen, the Bank of Japan has raised its inflation forecast for this fiscal year to +2.9% from the previous +2.3%. We also decided to maintain the current large-scale monetary easing measures to support the economy.
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[Details] Bank of Japan Governor Kuroda decides to maintain large-scale monetary easing
2022-10-28 17:20:00
The Bank of Japan decided to "maintain large-scale monetary easing" at its monetary policy meeting on the 28th. At the same time, it raised its consumer price inflation forecast for the current fiscal year to 2.9%. It has been pointed out that the difference in policy direction between the United States, which continues to tighten monetary policy, and the Bank of Japan, which maintains ultra-low interest rates, is causing the historically weak yen for the first time in 32 years. So what kind of remarks did Governor Kuroda make? I will tell you in detail.
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[Details] Bank of Japan Governor Kuroda decides to maintain large-scale monetary easing
2022-10-28 17:11:00
The Bank of Japan decided to "maintain large-scale monetary easing" at its monetary policy meeting on the 28th. At the same time, it raised its consumer price inflation forecast for the current fiscal year to 2.9%. It has been pointed out that the difference in policy direction between the United States, which continues to tighten monetary policy, and the Bank of Japan, which maintains ultra-low interest rates, is causing the historically weak yen for the first time in 32 years. So what kind of remarks did Governor Kuroda make? I will tell you in detail.
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Fiscal System Council Discussing how to develop defense capabilities and financial resources
2022-10-28 16:32:00
As the government aims to drastically strengthen its defense capabilities, the Fiscal System Council, an advisory body to the Minister of Finance, held a discussion on the topic of defense spending on the 28th with the participation of security experts. We exchanged opinions about the way of this and financial resources to support it.
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Stock prices drop Sell orders centered on high-tech stocks
2022-10-28 16:18:00
In the Tokyo stock market on the 28th, stock prices fell due to the spread of sell orders centered on high-tech stocks.
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[Breaking news] Bank of Japan Governor Kuroda decides to maintain large-scale monetary easing
2022-10-28 16:16:00
The Bank of Japan decided to "maintain large-scale monetary easing" at its monetary policy meeting on the 28th. At the same time, it raised its consumer price inflation forecast for the current fiscal year to 2.9%. It has been pointed out that the difference in policy direction between the United States, which continues to tighten monetary policy, and the Bank of Japan, which maintains ultra-low interest rates, is causing the historically weak yen for the first time in 32 years. What kind of remarks does Governor Kuroda make? We will update you from time to time.
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Domestic automakers' half-year production volume shows signs of recovery
2022-10-28 15:04:00
The production volume of eight major domestic automakers for half a year from April to last month exceeded the same period last year at many manufacturers. Although companies are showing signs of a recovery, they do not anticipate that the impact of the semiconductor shortage will be resolved.
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Bank of Japan raises price outlook and decides to maintain “large-scale monetary easing measures”
2022-10-28 14:11:00
Against the backdrop of rising raw material prices and the rapidly depreciating yen, the Bank of Japan has raised its inflation forecast for this fiscal year to +2.9% from the previous +2.3%. We also decided to maintain the current large-scale monetary easing measures to support the economy.
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Yen exchange rate falls to the mid-146 yen level against the dollar. The market pays attention to Bank of Japan Governor Kuroda's remarks.
2022-10-28 12:30:00
In the Tokyo foreign exchange market on the 28th, there was a movement to sell the yen and buy the dollar, and the yen exchange rate fell to the mid-146 yen level to the dollar.
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Tokyo 23 wards October consumer price index rose 3.4%, the highest level in about 40 years
2022-10-28 12:21:00
The October consumer price index in Tokyo's 23 wards rose 3.4% from the same month last year, excluding fresh food, which fluctuates greatly depending on the weather. It is the first time in 33 years that the 3.4% increase will be the highest in 40 years and 4 months since June 1982, excluding the effects of the consumption tax hike.
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Mr. Mask completes acquisition of Twitter, dismisses executives US media
2022-10-28 12:05:00
American media outlets have reported that American entrepreneur Elon Musk has completed the acquisition of social media giant Twitter. The total purchase price is expected to reach 6.4 trillion yen in Japanese yen.
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Bank of Japan maintains ``large-scale monetary easing measures'' Decided at meeting to decide monetary policy
2022-10-28 12:03:00
At the meeting to decide monetary policy held until the 28th, the Bank of Japan decided to maintain a large-scale monetary easing policy that keeps short-term interest rates negative and long-term interest rates at about 0%.
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5 major US IT companies suffer from a series of declines in profits in the three-month financial results Impact of the economic slowdown
2022-10-28 11:52:00
The financial results of the five major IT companies in the United States for the three months up to last month showed that while Apple barely secured an increase in profits, Internet advertising income decreased for Meta and Google, etc., resulting in a decline in profits. It's showing results.
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Yen exchange rate 1 dollar 146 yen level Market attention to the press conference of Bank of Japan Governor Kuroda
2022-10-28 10:00:00
On the 28th, on the Tokyo foreign exchange market, the yen exchange rate was trading at the low 146 yen level to the dollar.
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Prime Minister Kishida's Comprehensive Economic Measures of 39 Trillion Yen
2022-10-28 09:27:00
Regarding the new comprehensive economic measures to be decided on the 28th, Prime Minister Kishida announced at the government and ruling party policy round-table conference that the total amount of fiscal expenditure will be about 39 trillion yen. He indicated his intention to aim for rapid establishment.
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Tokyo 23 wards October consumer price index rises 3.4%, highest level in 33 years
2022-10-28 09:04:00
The October consumer price index in Tokyo's 23 wards rose 3.4% compared to the same month last year, excluding fresh food, which fluctuates greatly depending on the weather. The 3.4% rise will be the first in 33 years since October 1989, and the highest level in 40 years and four months since June 1982, excluding the effects of the consumption tax hike. Prices continue to rise, mainly due to rising prices of food, electricity, and gas.
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Active job openings-to-applicants ratio in September National average 1.34 times Increased for 9 consecutive months
2022-10-28 08:40:00
Last month, the active job openings-to-applicants ratio in September increased to 1.34 on a national average, rising for the ninth consecutive month, due to the spread of moves to secure workers in the accommodation and restaurant industries in anticipation of an increase in tourists.
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U.S. mortgage interest rate rises above 7% for the first time in 20 years
2022-10-28 07:34:00
In the United States, interest rates on 30-year mortgages exceeded 7% for the first time in about 20 years since 2002, against the backdrop of a significant interest rate hike to curb inflation. is intensifying.
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Yen exchange rate NY market Mixed selling and buying 1 dollar = 146 yen sandwiched level Dow rises
2022-10-28 06:45:00
In the New York financial market on the 27th, the yen exchange rate traded at a level between 1 dollar = 146 yen, and the Dow average stock price exceeded the market expectation that the growth rate of GDP = gross domestic product in the United States exceeded market expectations. It was the fifth consecutive business day of price increases since then.
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New Comprehensive Economic Measures of 39 Trillion Yen To be Decided by the Cabinet Responding to High Prices and Weak Yen
2022-10-28 05:48:00
The government will hold an extraordinary cabinet meeting on the 28th and decide on new comprehensive economic measures to deal with high prices and the weak yen. The total fiscal expenditure, including FILP, will be around 39 trillion yen, including measures to ease the burden of electricity bills on households and companies.
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NY Dow price rises over $ 400 GDP positive for the first time in 3 quarters
2022-10-28 01:07:00
On the 27th, the New York stock market and the Dow Jones Industrial Average rose above $400 at one point. As the GDP growth rate from July to September in the United States exceeded market expectations for the first time in three quarters, expectations for the future of the economy spread and buy orders increased immediately after the start of trading. On the other hand, the yen exchange rate in the New York foreign exchange market on the 27th is trading at a level between 1 dollar = 146 yen.
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