Economic news(2022/11/24)
25 years after the financial crisis U.S. interest rate hikes heighten vigilance over new crises
2022-11-24 21:48:00
Twenty-five years ago, on November 24, 1997, Yamaichi Securities, which was one of the four major securities companies at the time, was forced to voluntarily close down. This month saw a series of large-scale financial failures, plunging Japan into a serious financial crisis. Since then, financial crises have been repeated around the world, and now emerging countries' debts are swelling against the backdrop of interest rate hikes in the United States, and there is a growing sense of caution that this may lead to another crisis.
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[Detailed data] JR East announced the deficit amount of 66 sections, totaling 67.9 billion yen
2022-11-24 20:57:00
While the future of regional railways, which continue to be in the red, is an issue, JR East has announced the income and expenditure of 66 sections with particularly low usage last year (FY 2021). The total deficit for all sections exceeds 67 billion yen, and we plan to proceed with discussions with local governments, including conversion to buses.
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The monthly economic report for November maintains the basic judgment that it is recovering moderately.
2022-11-24 19:56:00
The government compiled its monthly economic report for November and maintained its basic assessment that the economy is "recovering moderately" based on the recovery in food and lodging, etc.
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Realization of social security for all generations Creation of a system to provide benefits for reduced working hours for childcare
2022-11-24 19:20:00
A government meeting aimed at realizing social security for all generations was held, and a summary of issues was presented, including the creation of a new system to provide benefits to those who chose to work shorter hours for childcare. Prime Minister Kishida requested that a report indicating the direction of future reform be compiled by the end of the year based on the summary of issues.
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Interview with former Bank of Japan Deputy Governor Hiroshi Nakaso
2022-11-24 18:53:00
We spoke with Hiroshi Nakaso, former vice president of the Bank of Japan and chairman of the Daiwa Institute of Research, who was involved in the response to the financial crisis 25 years ago. As Director of the Bank of Japan's Credit System Division, Mr. Nakaso was involved in crisis response measures to curb turmoil in the financial system during the financial crisis in which "Yamaichi Securities" and "Long-Term Credit Bank of Japan" failed one after another. In addition, he has a wealth of experience in dealing with financial crises in Japan and overseas, such as dealing directly with executives of central banks around the world during the Lehman Shock in 2008.
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Yen exchange rate rises by more than 2 yen U.S. long-term interest rate decline Awareness of narrowing Japan-U.S. interest rate differential
2022-11-24 18:33:00
On the Tokyo foreign exchange market on the 24th, after a national holiday, long-term interest rates in the United States fell, and the yen exchange rate rose by more than 2 yen as interest rate differentials between Japan and the United States narrowed.
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Tohoku Electric Power Residential Electricity "Regulated Rate" Application for price increase from April next year
2022-11-24 18:13:00
As fuel costs continue to soar, Tohoku Electric Power Co. has decided to raise the price plan called "regulatory rate", which accounts for about 80% of subscribers, by an average of 32.94% from April next year. , I applied to the Ministry of Economy, Trade and Industry on the 24th.
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Rengo Chairman Yoshino "The idea of wage increases is permeating between labor and management"
2022-11-24 18:10:00
Rengo chairman Yoshino said that this winter's bonuses are at a level higher than last year's, and that "the idea of raising wages is spreading among labor and management," and that next year's spring labor offensive I once again emphasized my intention to aim for a significant wage increase.
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Council for Realizing Carbon Neutrality at Keiyo Rinkai Complex
2022-11-24 17:40:00
At the Keiyo Rinkai Industrial Complex in Chiba Prefecture, which is lined with steelworks that emit a large amount of carbon dioxide, a new council was established with the aim of achieving carbon neutrality. I was.
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Department store sales in October increased by 11.4% from the same month of the previous year for the eighth consecutive month
2022-11-24 16:53:00
Sales at department stores nationwide last month were approximately 428.1 billion yen, exceeding the same month of the previous year by 11.4% compared to existing stores, marking the eighth consecutive month of positive growth.
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Stock price Tokyo market temporarily rises by more than 300 yen Buy orders for a wide range of stocks
2022-11-24 15:48:00
Stock prices rose on the Tokyo stock market on the 24th, after a national holiday, as concerns about tightening monetary policy in the United States eased.
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Major supermarkets nationwide October sales increase for 4 consecutive months
2022-11-24 15:22:00
October sales at major supermarkets across the country were 1.1025 trillion yen, an increase of 1.6% compared to the same month of the previous year when compared to existing stores, marking the fourth consecutive month of growth.
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Gasoline retail price drops for 4 consecutive weeks National average 167.6 yen per liter
2022-11-24 15:21:00
The nationwide average retail price of regular gasoline this week was 167.6 yen per liter, falling for the fourth consecutive week.
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Tohoku Electric Power Residential Electricity "Regulated Rate" Application for price increase from April next year
2022-11-24 15:16:00
As fuel costs continue to soar, Tohoku Electric Power Co. has decided to raise the price plan called "regulatory rate", which accounts for about 80% of subscribers, by an average of 32.94% from April next year. , I applied to the Ministry of Economy, Trade and Industry on the 24th.
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Mitsubishi UFJ Announces Acquisition of Smartphone Consumer Financing Company in Southeast Asia
2022-11-24 13:55:00
Mitsubishi UFJ Financial Group, a major financial company, announced that it will acquire a consumer finance company using smartphone apps in Southeast Asia for about 87 billion yen in Japanese yen. Among megabanks, there is an active movement to capture demand in Southeast Asia, which continues to grow, through the digitalization of finance.
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Stock prices rise U.S. monetary tightening eases caution
2022-11-24 12:23:00
On the Tokyo stock market on the 24th after the holiday, stock prices rose as concerns about the tightening of monetary policy in the United States eased.
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Yen exchange rate rises to the upper half of 138 yen to the dollar Buying the yen due to the narrowing interest rate differential between Japan and the United States
2022-11-24 12:16:00
In the Tokyo foreign exchange market on the 24th, the day after a national holiday, long-term interest rates in the United States fell and interest rate differentials between Japan and the United States narrowed. doing.
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Establishment of a new company for domestic production of aviation fuel “SAF” to reduce CO2 emissions
2022-11-24 07:46:00
As the aviation industry is also required to reduce carbon dioxide emissions, there is a growing movement toward the domestic production of SAF, an aircraft fuel made from waste cooking oil.
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NY foreign exchange market Fed minutes released at one time 1 dollar = low 139 yen range
2022-11-24 07:45:00
FRB = In response to the publication of the minutes of the Federal Reserve Board, the yen exchange rate temporarily rose to the low 139 yen level against the dollar in the New York foreign exchange market on the 23rd.
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US Fed meeting Many argue that it is appropriate to loosen the rate hike pace soon
2022-11-24 07:44:00
The Federal Reserve Board, the central bank of the United States, decided to raise the policy interest rate by 0.75% at its meeting this month to curb record inflation. The 0.75% rate hike is the fourth in a row and continues to be unusually rapid.
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Appearance of new technology drones Widespread use for inspection of power lines and sewage pipes
2022-11-24 07:33:00
As the use of drones in industry and business spreads, drones using new technology that can be used even in difficult-to-flight sites are appearing.
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Obligation to store bills electronically Adjusted to continue accepting paper bills
2022-11-24 07:32:00
It is now compulsory for businesses to save electronic data such as invoices exchanged with business partners by e-mail, but the government and ruling parties are considering small and medium-sized enterprises that are slow to respond. , we are making adjustments to continue to allow paper storage even after the grace period ends at the end of next year.
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