U.S. yen depreciation due to release of employment statistics temporarily drops to the upper half of the 135 yen range
In response to the announcement of the US employment statistics, the New York foreign exchange market has been buying dollars and selling yen, and the yen exchange rate temporarily fell to the upper 135 yen level to the dollar. Employment growth exceeded market expectations, and the view that the Fed (Federal Reserve Board) will continue to aggressively raise interest rates has spread, raising awareness of the widening interest rate differential between Japan and the United States. In the yen exchange rate, the yen appreciated to the mid-133 yen level to the dollar at one point in response to the deterioration of the US economic indicators announced on the 1st.
U.S. Employment Statistics for November Exceed Market Expectations Interested in Fed Policy Decisions, etc.
US employment figures for November have been released, surpassing market expectations with an increase of 263,000 jobs outside the agricultural sector from the previous month. The unemployment rate remained at 3.7%, the same low level as the previous month. There is a growing view that the Federal Reserve Board, which is the central bank of the United States, will reduce the range of rate hikes at the meeting to be held from December 13, but the labor shortage that is the cause of record inflation continues. There is growing interest in how the Fed's policy decisions and outlook for future interest rate levels will be presented in a form that reiterates the above.
Reduction of "aircraft fuel tax" to be deferred for two years from next fiscal year
Concerning the aviation fuel tax, which is one of the focal points of next year's tax reform, the government and ruling parties have reduced the current tax amount to 13,000 yen per kiloliter in order to support the aviation industry. will be left unchanged, and adjustments will be made to gradually raise it to 18,000 yen by fiscal 2027.
This year's "New Word / Buzzword Award" was announced on December 1st. In terms of economics, "bad yen depreciation" entered the top 10. The rapid depreciation of the yen pushed up prices and stagnated consumption. This year, I think there were many occasions when the disadvantages of the yen's depreciation were discussed. So what happened to the stock market? There was a market that was different from past yen depreciation phases. (Economic Department reporter Mitsutaka Saito)
Yen exchange rate rises to 1 dollar = 133 yen level 133 yen level since August
In the foreign exchange market on the 2nd, the yen exchange rate rose to the 133 yen level to the dollar before 6:00 pm. It will be the first time in three and a half months since August this year that it will be in the 133 yen range.
Yen exchange rate rises to the upper half of the 134 yen level Tokyo foreign exchange market
In the Tokyo foreign exchange market on the 2nd, the yen exchange rate rose to the upper half of the 134 yen level to the dollar. It will be the first time in three and a half months since August this year that it will be in the 134 yen range. After the economic indicators released in the United States on the 1st fell short of market expectations, the US economy slowed further, and the Fed has spread the view that it will slow down the pace of a significant interest rate hike, so the dollar is sold. The movement to buy the yen is intensifying.
Stock price temporarily drops by more than 500 yen, yen appreciates and sell orders to export-related stocks
In the Tokyo stock market on the 2nd, against the background of the appreciation of the yen, sell orders spread to export-related stocks, etc., and the Nikkei Stock Average dropped by more than 500 yen at one point.
Chugoku Electric Power to post extraordinary loss of over 70 billion yen Receiving cartel surcharge
In response to the Fair Trade Commission's policy of ordering a surcharge on major power companies such as Chugoku Electric Power Co. for forming cartels over sales of electricity to businesses, Chugoku Electric Power Co. has paid a special amount of more than 70 billion yen. announced a loss.
Stock prices temporarily drop by more than 500 yen Sell orders for a wide range of stocks
The stock market on the 2nd, the Nikkei average stock price temporarily dropped by more than 500 yen. On the 1st, economic indicators indicating the business confidence of the manufacturing industry in the United States were announced, and the view that the US economy was decelerating further strengthened and the yen appreciated, so selling orders were issued for a wide range of stocks, including those related to exports. increase.
Government determines basic policy for next fiscal year's budget Investing in startups and GX
At the cabinet meeting on the 2nd, the government decided on the basic policy for the next fiscal year's budget. While overcoming high prices, it aims to put the economy on a higher growth path by "investing in people" and making bold investments in startups and growth fields.
Business confidence index of the US manufacturing industry breaks below 50 at the breakpoint of boom and recession Yen appreciation
A major economic indicator that indicates business confidence in the manufacturing industry in the United States was released, and in November, it fell below 50, the dividing line between boom and recession, for the first time in two and a half years.
Uruguay applies to join TPP
The government of South America and Uruguay has applied to join the TPP = Trans-Pacific Partnership Agreement, in which 11 countries including Japan participate. On the other hand, three South American countries, including Brazil and Argentina, which form a customs union with Uruguay, have objected, saying they are acting unilaterally.