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

Economic news(2022/11/01)


Kyoto   Hakone

KDDI plans to invest 50 billion yen to prevent recurrence of large-scale communication failure

2022-11-01 21:49:00
In response to the large-scale communication failure in July this year, KDDI has decided to invest 50 billion yen over the next three years to strengthen efforts to prevent recurrence. We will replace communication equipment to respond quickly to failures and develop AI that automatically detects failures.

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"Dagashiya" won the Grand Prize at the Good Design Award, including companies in Ikoma City, Nara Prefecture

2022-11-01 20:42:00
The grand prize of this year's Good Design Award, which is given to outstanding designs that enrich people's lives and society, was chosen for the efforts of a candy store that makes it easy for everyone to visit and supports children.

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Major department store sales in October surpassed the same month last year.

2022-11-01 19:58:00
October sales at five major department stores surpassed last year's same month due to strong sales of autumn/winter items and a large increase in duty-free sales.

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TEPCO To review all electricity charges for homes to raise prices

2022-11-01 19:27:00
Tokyo Electric Power Co. has announced that it will review all electricity tariff menus for homes, including a tariff system called "regulatory tariffs" that requires government approval, for price increases.

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Ordinary income forecasts: Upward revisions are conspicuous in the manufacturing industry

2022-11-01 19:06:00
Among companies listed on the Tokyo Stock Exchange's prime market, 25% of all companies have revised upward their outlook for ordinary income for the current fiscal year due to factors such as the depreciation of the yen. While the upward revision is conspicuous in the manufacturing industry, which has a large proportion of exports, the upward revision is small in the non-manufacturing industry, whose sales are mainly domestic, and the difference is clear.

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Small and medium-sized business loans Business owners' personal guarantee system to be revised Financial Services Agency

2022-11-01 19:02:00
The Financial Services Agency (FSA) has announced that it will revise the "personal guarantee" system, in which individual business owners act as joint guarantors when financial institutions provide loans to SMEs. From next fiscal year, we are considering imposing a duty of explanation when financial institutions request personal guarantees.

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Ken Kobayashi as new president of Tosho

2022-11-01 18:52:00
Ken Kobayashi, a former major trading company, was appointed as the new president of the Tokyo Chamber of Commerce and Industry on November 1st. On the 17th of this month, Mr. Kobayashi is expected to become the first general trading company to become chairman of the Japan Chamber of Commerce and Industry.

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A domestic investment fund acquires a production base to strengthen production of "power semiconductors"

2022-11-01 18:43:00
EV = In order to strengthen the production of "power semiconductors" whose demand is expected to increase with the spread of electric vehicles, a fund invested by the Development Bank of Japan and others purchased a production base in Niigata Prefecture and made capital investment. I'm going to embark on support such as.

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Yen exchange rate rises somewhat, trading in the upper half of the 147 yen range to the dollar

2022-11-01 18:32:00
In the Tokyo foreign exchange market on November 1st, the yen exchange rate rose somewhat, trading at the upper 147 yen level to the US dollar.

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Rally for the Allied Spring Labor Offensive “A wage increase of about 5% is appropriate” Opinions one after another

2022-11-01 18:23:00
The labor union "Rengo" held a meeting to hear the opinions of union members ahead of next year's spring labor offensive. Considering the recent economic situation, there are many opinions that the policy of asking for a wage increase of about 5% is appropriate, and we will formally decide on this policy next month.

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Ordinary income forecasts: Upward revisions are conspicuous in the manufacturing industry

2022-11-01 18:18:00
Among the companies listed on the Tokyo Stock Exchange's prime market, 25% of all companies have revised upward their outlook for ordinary income for the current fiscal year due to factors such as the depreciation of the yen. While the upward revision is conspicuous in the manufacturing industry, which has a large proportion of exports, the upward revision is small in the non-manufacturing industry, whose sales are mainly domestic, and the difference is clear.

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Sony Group sales and operating income hit record highs for six months

2022-11-01 18:00:00
The Sony Group announced its financial results for the six months from April to September, with sales exceeding 5 trillion yen due to the strong performance of businesses such as music and movies, and the depreciation of the yen. , and operating income reached record highs.

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Japan Airlines half-year financial results 2.1 billion yen deficit significantly improved due to recovery in passenger demand

2022-11-01 17:46:00
The final profit and loss for the entire group for the six months from April to September of Japan Airlines, a major airline, was a deficit of 2.1 billion yen, but the same period of the previous year was a deficit of 104.9 billion yen. improved significantly from The main factor was the recovery in passenger demand, which increased half-year sales to 618.5 billion yen, about 2.1 times the same period last year.

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Nippon Steel Group interim financial results Final profit hits record high due to price hike

2022-11-01 17:40:00
Nippon Steel announced the interim financial results for the entire group from April to September this year, with sales of 3.8744 trillion yen, an increase of 22.5% from the same period of the previous year. In addition, the final profit increased by 24.7% to 372.3 billion yen, the highest ever for this period.

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Government decides to request power saving from December 1, does not set numerical targets, until the end of March next year

2022-11-01 17:06:00
The government has decided to request power saving without setting numerical targets nationwide from December 1, citing the severe situation of electricity supply and demand this winter. We are asking for your cooperation in saving electricity within reasonable limits, such as wearing multiple layers indoors.

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Sony Group sales and operating income hit record highs for six months

2022-11-01 16:40:00
The Sony Group announced its financial results for the six months from April to September this year, with sales of 5,063.3 billion yen, an increase of 9.4% from the same period of the previous year. Operating profit increased 8.8% to 651.0 billion yen, both of which were record highs. The main reasons for this were the favorable performance of the entertainment business overseas, including movies and music, and the weaker yen. On the other hand, regarding the outlook for business performance for the current fiscal year, taking into account the effect of the weaker yen, sales and profits are forecast to reach a record high of 11.6 trillion yen, an increase of 16.9% from the previous fiscal year. Corrected upwards from

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Toyota's interim financial results record high sales, but profit declines for the first time in two years due to high raw material prices

2022-11-01 16:12:00
In the interim financial results announced by Toyota Motor Corporation on November 1, operating revenue, which corresponds to sales, reached a record high due to the effect of the weak yen, but the final profit was the same as the previous year due to the impact of soaring raw material prices. This was the first decrease in two years, 23% lower than the previous period.

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Japan Airlines half-year financial results 2.1 billion yen deficit significantly improved due to recovery in passenger demand

2022-11-01 15:59:00
Japan Airlines' financial results for the entire group for the six months from April to September this year were a deficit of 2.1 billion yen in the final profit and loss, but the same period of the previous year was in the red of 104.9 billion yen. significantly improved compared to The main reason is the recovery in passenger demand.

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Stock price rises slightly Mixed selling and buying

2022-11-01 15:41:00
On the 1st, the Tokyo stock market and the Nikkei stock average rose slightly.

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Toyota Motor's April-September interim financial results final profit down 23.2% year-on-year

2022-11-01 14:31:00
Toyota Motor Corporation announced its interim financial results for the period from April to September this year. Operating revenue, which corresponds to sales due to the effect of the weaker yen, was 17.7093 trillion yen, the highest record for this period, while the price of raw materials soared. As a result, the final profit was 1,171 billion yen, a decrease of 23.2% compared to the same period of the previous year. This is the first decline in final profit in two years. In addition, regarding the production volume plan for this fiscal year, we have revised it from 9.7 million units to 9.2 million units because it is difficult to predict the future, such as the global shortage of semiconductors. On the other hand, regarding the business forecast for the current fiscal year, we expect the impact of the weaker yen to continue, and have revised our operating revenue, which represents sales, upward from the previous 34.5 trillion yen to 36 trillion yen. However, due to factors such as the significant impact of soaring raw material prices, operating income and net income remained unchanged.

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Sakhalin 1 Minister of Economy, Trade and Industry asks companies to consider acquiring shares in new Russian company

2022-11-01 13:42:00
Regarding the oil and natural gas development project "Sakhalin 1" being carried out off the coast of Sakhalin in the Russian Far East, Minister of Economy, Trade and Industry Nishimura has requested domestic companies participating in the project to acquire shares in a new company established by the Russian side. It has been clarified that it has requested that it be considered for acquisition.

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Sales of New Year's postcards for 2020 Start all at once at post offices nationwide

2022-11-01 13:07:00
Next year, sales of New Year's postcards for the 5th year of Reiwa will start at all post offices nationwide from November 1st.

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Ministry of Finance maintains nationwide economic assessment as ``moderately recovering''

2022-11-01 13:02:00
The Ministry of Finance held a meeting of finance bureau chiefs on the 1st, and decided that the nation's economy was recovering moderately. As for the outlook, it is necessary to pay attention to such factors as rising prices and fluctuations in the financial and capital markets, where the yen continues to depreciate rapidly.

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Prime Minister to meet with Toyota president tomorrow to exchange opinions on decarbonization and wage increases

2022-11-01 12:09:00
Prime Minister Kishida will meet with the president of Toyota Motor Corporation on the 2nd. Opinions are expected to be exchanged on the automobile industry's efforts to decarbonize, as well as responses to wage increases.

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Government decides to request power saving from December 1, does not set numerical targets, until the end of March next year

2022-11-01 11:56:00
The government has decided to request power saving without setting numerical targets nationwide from December 1, citing the severe situation of electricity supply and demand this winter. We are asking for your cooperation in saving electricity within reasonable limits, such as wearing multiple layers indoors.

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Mr. Musk becomes CEO of Twitter, dismisses all nine directors ``temporarily''

2022-11-01 11:42:00
Elon Musk, who bought US social media company Twitter, has dismissed all nine board members and became CEO of Twitter. There is growing interest in how Twitter will be managed in the future, as power is further concentrated on Mr. Mask.

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More than 800 items of food and beverages with price hikes in November

2022-11-01 11:40:00
A survey by a private credit research company found that more than 800 items of food and beverages will be raised in price in November due to the weak yen and soaring raw material prices. Although it is less than October, which was the "price increase rush", we analyze that the price hikes of products familiar to our lives are increasing one after another, and the burden on household budgets is large.

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Finance Minister Suzuki said October intervention in the dollar-selling and yen-buying market had a certain effect

2022-11-01 10:52:00
Finance Minister Suzuki said that the government and the Bank of Japan intervened in the market in October by selling the dollar and buying the yen totaling more than 6.3 trillion yen in order to stop the rapid depreciation of the yen in the foreign exchange market. He indicated that the intervention had a certain effect.

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Manufacturer headquartered in Nagoya City to pay "inflation special allowance"

2022-11-01 09:48:00
Amid the rapid rise in prices, a manufacturer of auto parts and other products headquartered in Nagoya said it needed to reduce the burden on employees' lives, and this month it offered employees up to 50,000 yen as an "inflation special." announced that it would pay the stipend.

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In November, the burden of successive price hikes on food products for home use is even greater

2022-11-01 06:22:00
The soaring prices of raw materials and the depreciation of the yen have caused the prices of dairy products and home-use foods to continue to rise this month. The burden on household budgets is likely to increase.

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NY market: Yen depreciation temporarily in the upper half of 148 yen From the expectation of a large interest rate hike in the United States

2022-11-01 06:10:00
In the New York foreign exchange market on the 31st, the yen weakened due to the speculation that a significant interest rate hike would be decided ahead of the meeting to decide the monetary policy of the United States to be held from the 1st to the 2nd, and the yen exchange rate was temporarily 148 yen to 1 dollar. The price has dropped until the second half of the table.

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The view of the US Fed's decision to raise interest rates again to curb inflation spreads

2022-11-01 06:01:00
The FRB = Federal Reserve Board, which is the central bank of the United States, will hold a meeting to decide monetary policy for 1 to 2 days. With record inflation continuing, there is a growing view in the market that the Fed will raise interest rates to 0.75% for the fourth time in a row.

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Kobayashi, Senior Advisor of Mitsubishi Corporation, appointed as Chairman of Tokyo Chamber of Commerce and Industry

2022-11-01 05:26:00
Ken Kobayashi, a former major trading company, will be appointed as the new president of the Tokyo Chamber of Commerce and Industry on the 1st. Mr. Kobayashi is also expected to become the president of the Japan Chamber of Commerce and Industry on the 17th of this month.

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Kyoto   Mt.Fuji


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