Economic news(2023/03/17)
[Economic column]
2023-03-17 22:23:00
Sudden bankruptcy of American banks. And information about the financial deterioration of Credit Suisse, a major Swiss financial group. Over the past week, markets have been rocked by fears of widespread credit uncertainty. Although the market has regained some stability thanks to the government's response, the difficulty of responding to crises in a new era in which information spreads quickly is also highlighted. It shouldn't be a fire on the opposite shore for Japan either. I interviewed how to accept it. (Economic Department reporter Keiichiro Furuichi)
TOP
Kansai Electric Power Access to customer information of competitors Managers give employees access
2023-03-17 22:07:00
On the 17th, Kansai Electric Power revealed that it was able to grant access rights to customer information of competitors managed by its transmission and distribution subsidiary. With the liberalization of the electricity retail market, the need to ensure neutrality, which is required of power transmission and distribution companies, is once again being called into question.
TOP
Toyota Industries Corporation Possibility of legal violations in endurance tests set by the government
2023-03-17 21:03:00
It is possible that Toyota Industries, a group company of Toyota Motor Corporation headquartered in Aichi Prefecture, violated laws and regulations by using measured values from another test in a durability test for forklift engines stipulated by the government. announced that there is We are suspending shipments of forklifts equipped with the affected engines.
TOP
The reason for the "10 yen" is the increase in rail fares from tomorrow.
2023-03-17 20:28:00
From March 18th, JR trains in the Tokyo metropolitan area and some private railways will raise their regular fares by 10 yen. In the future, there are plans to raise prices outside the Tokyo metropolitan area. Raise prices again? You may think so, but there is a reason for this.
TOP
European stock market rises slightly Financial authorities start to move and ease tensions
2023-03-17 20:04:00
Stock prices rose slightly on the 17th in European stock markets, which had temporarily been unstable due to the management problems of the major Swiss financial group "Credit Suisse".
TOP
Toyota Industries Corporation Possibility of legal violations in endurance tests set by the government
2023-03-17 19:50:00
It is possible that Toyota Industries, a group company of Toyota Motor Corporation headquartered in Aichi Prefecture, violated laws and regulations by using measured values from another test in a durability test for forklift engines stipulated by the government. announced that there is We are suspending shipments of forklifts equipped with the affected engines.
TOP
US government asks TikTok parent company to sell shares US media reports
2023-03-17 19:00:00
The US government is asking Chinese company ByteDance to sell its video-sharing app TikTok. If you do not accept the sale, you may be banned from using TikTok in the United States.
TOP
Over 20 trillion yen in borrowings from US private banks Fed, record high
2023-03-17 18:53:00
In the United States, as banks went bankrupt one after another, it turned out that the borrowing of funds from the FRB = Federal Reserve Board by private banks exceeded 20 trillion yen, a record high. Amid the turmoil in the financial markets, the current situation of relying on the central bank for financing has become clear.
TOP
Yen exchange rate
2023-03-17 18:50:00
In the Tokyo foreign exchange market on the 17th, the turmoil in the global financial market eased somewhat and the dollar was bought back, while the government and the Bank of Japan held an extraordinary meeting in connection with the management problems of European and American financial institutions. When the news spread, there was a movement to buy the yen, and the development was a mixture of buying and selling.
TOP
Chairman of the Federation of Electric Power Companies intends to prevent recurrence of the problem of unauthorized viewing of customer information
2023-03-17 18:34:00
In response to the problem that employees of a major electric power company illegally viewed the customer information of competitors through subsidiaries, Chairman Ikebe of the Federation of Electric Power Companies announced that it would prevent unauthorized employees from accessing the system that manages customer information. He expressed his intention to prevent recurrence, such as by doing so.
TOP
Ministry of Finance Extraordinary meetings such as the Bank of Japan Close cooperation confirmed due to bankruptcy of US banks
2023-03-17 18:21:00
On the evening of the 17th, the Ministry of Finance, the Financial Services Agency, and the Bank of Japan held an extraordinary meeting of executives to pay close attention to the impact of the successive bankruptcies of American banks and the management problems of a major Swiss financial group on the Japanese economy and financial markets. We have confirmed that we will work closely together.
TOP
Farewell party for Mr. Kunio Nakamura, former president of Matsushita Electric Industrial Co., Ltd.
2023-03-17 17:42:00
A farewell party was held in Osaka for Mr. Kunio Nakamura, the former president of Panasonic Holdings, the former Matsushita Electric Industrial Co., Ltd., who passed away last November.
TOP
Katsuhiro Moro, Mazda's new president, "Let's take advantage of the company's strengths and take on challenges"
2023-03-17 17:41:00
Senior managing director Katsuhiro Moro, who was appointed as the new president of Mazda, a major automobile manufacturer, held a press conference, saying, "We will leverage the strengths of the company and work with our business partners." We want to take on big challenges together with the region."
TOP
Bank of Japan Governor Kuroda Negative interest rate policy “appropriately comparing effects and side effects”
2023-03-17 17:26:00
Kuroda, Governor of the Bank of Japan, said at the House of Councilors' Finance and Monetary Policy Committee on the 17th that the negative interest rate policy, which is being implemented as part of the current large-scale monetary easing measures, could be further expanded. , said that appropriate policies should be implemented by comparing their effects and side effects.
TOP
Business leaders of Japan and South Korea hold talks to strengthen cooperation by utilizing fund to be established
2023-03-17 16:19:00
In light of the government-to-government movement toward improving Japan-Korea relations, top executives of the business circles of the two countries held talks, and in the future, they plan to strengthen cooperation in the economic field, etc. by utilizing the funds established by each country. We agreed to go.
TOP
Tokyo stock market stock price rises with the announcement of relief measures to US banks
2023-03-17 16:17:00
On the 17th, the Tokyo stock market announced relief measures for American banks, which had been worried about management, and the concerns about the future were somewhat alleviated, so buy orders spread to a wide range of stocks, and stock prices rose.
TOP
New Zealand parliament bans use of TikTok on internet-connected devices
2023-03-17 15:58:00
New Zealand's parliament has announced that the video sharing app TikTok, operated by a Chinese company, will be banned from being used on devices connected to the parliament's network. Regarding TikTok, there are a series of moves in each country to prohibit the use of government officials, etc., due to concerns about information leakage to the Chinese side.
TOP
Ministry of Finance, Bank of Japan, etc. Extraordinary meeting this evening due to successive bankruptcies of US banks
2023-03-17 15:27:00
The Ministry of Finance, the Bank of Japan, and the Financial Services Agency will hold an extraordinary meeting of executives on the evening of the 17th. It is expected to analyze and share information on the impact of the series of bank failures in the United States and the management problems of a major Swiss financial group on the financial market.
TOP
Ministry of Finance, Bank of Japan, etc. Extraordinary meeting this evening due to successive bankruptcies of US banks
2023-03-17 15:07:00
財務省と日銀、それに金融庁は、17日夕方、幹部による臨時の会合を開きます。アメリカの銀行の相次ぐ経営破綻や、スイスの大手金融グループの経営悪化への懸念から、今週世界の金融市場に動揺が広がりましたが、今回の会合では金融市場の動向を詳しく分析し、情報の共有を図るものとみられます。
TOP
Minister of Agriculture "Consideration of new support measures for expanding milk consumption" Sales to foreign tourists
2023-03-17 14:27:00
Minister of Agriculture, Forestry and Fisheries Nomura is considering new support measures for expanding consumption, such as providing milk for foreign tourists, in order to support the management of dairy farmers who are facing soaring feed prices. clarified.
TOP
Preferential measures to simplify export procedures Continue to exclude South Korea Minister of Economy, Trade and Industry Nishimura
2023-03-17 14:09:00
On the 16th, the Japanese government reviewed export controls to South Korea and decided to lift strict export control measures for three items, including raw materials for semiconductors. On the other hand, we will continue to consider measures that exclude South Korea from the list of eligible countries for preferential treatment that can simplify export procedures. .
TOP
Mazda Appoints Senior Managing Director Katsuhiro Moro as New President
2023-03-17 12:42:00
Automaker Mazda has changed its top management for the first time in five years, and Katsuhiro Moro will be appointed as the new president. A press conference will be held at 3:00 pm on the 17th.
TOP
Excluding short-term JGBs held by the Bank of Japan, it continues to expand to 52% of outstanding balance
2023-03-17 11:18:00
As government bonds continue to be purchased under large-scale monetary easing measures, the number of government bonds held by the Bank of Japan, excluding short-term bonds, reached 52% of the outstanding balance as of the end of December last year, and continues to expand.
TOP
A series of financial concerns in Europe and the United States Finance Minister Suzuki “Watching with strong sense of caution”
2023-03-17 11:12:00
Regarding the impact of a series of bankruptcies in the United States and concerns about the deterioration of the financial situation of a major Swiss financial group, Minister of State for Financial Services Suzuki said that while Japan's financial system is currently stable, there will be no impact in the future. He indicated that he would be watching with a strong sense of caution to see if it would spread.
TOP
Cabinet decides to appoint Mr. Himino and Mr. Uchida as deputy governors of the Bank of Japan
2023-03-17 10:55:00
At a cabinet meeting on the 17th, the government decided to appoint Ryozo Himino, former Commissioner of the Financial Services Agency, and Shinichi Uchida, a director of the Bank of Japan, as the new vice governors of the Bank of Japan on the 20th of this month.
TOP
US government asks TikTok parent company to sell shares US media reports
2023-03-17 10:36:00
The US government is asking Chinese company ByteDance to sell its video-sharing app TikTok. If you do not accept the sale, you may be banned from using TikTok in the United States.
TOP
U.S. Banks Concerned About 4 Trillion Yen in Deposits from 11 Major Financial Institutions
2023-03-17 08:43:00
First Republic Bank, a bank based in the west of the United States, where concerns about its management have risen, announced that it would receive a total of $30 billion in deposits from 11 major financial institutions, or approximately 4 trillion yen in Japanese yen. Did. It seems that the aim is to dispel concerns about business deterioration and avoid a chain of bankruptcies.
TOP
NY Dow Jones Industrial Average rises by more than 300 dollars due to US bank deposit receipt announcement
2023-03-17 08:18:00
In the New York stock market on the 16th, concerns about management increased, and the Dow Jones Industrial Average increased in response to the announcement that American banks would receive a total of $ 30 billion in deposits from 11 major financial institutions. has gone up over $300.
TOP
Microsoft introduces new interactive AI to existing software
2023-03-17 07:31:00
American IT giant Microsoft has announced that it will introduce a new interactive AI that will create the necessary materials in a short time when instructed about existing software such as document creation.
TOP
U.S. Banks Concerned About 4 Trillion Yen in Deposits from 11 Major Financial Institutions
2023-03-17 06:24:00
First Republic Bank, a bank based in the western state of California, where concerns about management were growing, received a total of 30 billion dollars in deposits from 11 major financial institutions, approximately 4 trillion yen in Japanese yen. announced.
TOP
Treasury secretary says banking system is still healthy, testifies to Senate
2023-03-17 05:37:00
U.S. Treasury Secretary Janet Yellen testified before the Senate on the 16th, explaining that she protected all depositors of two banks that failed one after another in the United States, and emphasized that the banking system is still sound. Did.
TOP
NY market temporary 1 dollar = 131 yen level Rough price movement due to the announcement of the European Central Bank interest rate hike
2023-03-17 04:32:00
In the New York foreign exchange market on the 16th, the yen exchange rate temporarily rose to the 131 yen level to the dollar for the first time in about a month following the announcement of an interest rate hike by the European Central Bank, but then dropped to the 133 yen level to the dollar. It has become a rough price movement such as a price drop.
TOP
European Central Bank decides to raise interest rates by 0.5%, showing priority to curbing inflation
2023-03-17 01:08:00
The European Central Bank held a meeting to decide monetary policy and decided to raise interest rates by 0.5%, as announced last month. He showed a stance of prioritizing the control of inflation even as concerns about the bankruptcies of American banks and the management of major Swiss financial institutions increased.
TOP
