Economic news(2023/04/14)
“Adhesiveness” holds the key [Economic column]
2023-04-14 22:35:00
It's been a month since a series of bank failures in the United States and the financial crisis of Credit Suisse, a major Swiss financial group, caused widespread financial instability. What we saw there was a different form of financial instability. Information spread in an instant on social media, resulting in a rapid outflow of deposits, and new risks such as the sudden loss of value of corporate bonds called "AT1 bonds" have become conscious. . We verified whether Japanese financial institutions are fully prepared. (Economics Department reporter Kentaro Makata)
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Japan Post Transferring prices to cooperating companies Inappropriate response at 139 post offices and 2 branch offices
2023-04-14 19:41:00
Japan Post has revealed that 139 post offices and two branch offices have taken inappropriate measures regarding price pass-through to partner companies that outsource Yu-Pack collection and delivery.
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Yen exchange rate rise Movement of dollar selling due to receding view of prolonged interest rate hike in the United States
2023-04-14 19:38:00
In the Tokyo foreign exchange market on the 14th, as the view that the interest rate hike in the United States will be prolonged has receded, the movement to sell the dollar and buy the yen strengthened, and the yen exchange rate rose.
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Increased sales at three major department stores Due to recovery in inbound demand, etc.
2023-04-14 19:37:00
The financial results of the three major department stores for the year up to February this year are due to the fact that sales of clothing and high-priced items have increased due to the removal of restrictions on movement and the recovery of inbound demand. increased significantly.
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Lawyers to investigate power sales cartel to prevent recurrence The Federation of Electric Power Companies of Japan
2023-04-14 19:24:00
Chugoku Electric Power Co., Chubu Electric Power Co., and Kyushu Electric Power Co. were ordered to pay a surcharge by the Japan Fair Trade Commission for allegedly forming a cartel with Kansai Electric Power Co., Inc. in connection with electric power sales to business operators. Chairman Ikebe indicated that he would conduct an investigation by a lawyer and compile measures to prevent recurrence.
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[Q&A]
2023-04-14 17:37:00
The G20 = meeting of finance ministers and central bank governors of 20 major countries held in Washington, USA has finished its two-day schedule. No joint statement was issued, but at a press conference after the meeting, Finance Minister Suzuki emphasized the outcome, saying that meaningful discussions were held on issues such as financial instability. This is a detailed exchange of the press conference between Minister of Finance Suzuki and Governor Ueda of the Bank of Japan.
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Stock prices rise Buy orders spread in retail-related stocks
2023-04-14 16:39:00
On the Tokyo stock market on the 14th, the stock price rose as buy orders spread for retail-related stocks that were performing well at the announcement of financial results.
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Are you concerned about the casino?
2023-04-14 16:36:00
On the 14th, the government approved the development plan of Osaka Prefecture and Osaka City aiming to open an IR = integrated resort facility including a casino on the 14th. It is the first time that an IR development plan has been approved by the government, and it is expected that the development of facilities will proceed.
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Bank of Japan unveils new banknotes Introducing holograms that make portraits move
2023-04-14 16:18:00
The Bank of Japan unveiled the new banknotes to the press on the 14th, ahead of the issuance of banknotes with a new design in the first half of 2024.
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Mitsubishi Electric confirms 12 new frauds at 5 subsidiaries in Hyogo and Okayama
2023-04-14 15:44:00
Mitsubishi Electric, which has revealed fraudulent product inspections at many factories in Japan, has announced that 12 new frauds have been confirmed at five subsidiaries in Hyogo and Okayama prefectures.
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High-rise complex opens in Kabukicho, Shinjuku Restaurant floors open late at night, etc.
2023-04-14 15:06:00
A high-rise complex facility with 48 floors above ground, including restaurants and hotels that are open late at night, opened on the 14th in Kabukicho, Shinjuku, Tokyo, in order to increase consumption by foreign tourists.
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Introduction of Carbon Pricing "GX Promotion Bill" Enters Deliberation at Upper House Plenary Session
2023-04-14 14:03:00
A bill that includes the introduction of "carbon pricing," which requires companies that emit carbon dioxide to bear a financial burden, was deliberated at the plenary session of the House of Councilors on the 14th.
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``Digital Yen'' Ministry of Finance to launch expert panel to study feasibility
2023-04-14 13:08:00
While various countries are considering issuing a digital currency that can be used in the same way as banknotes and coins, the Ministry of Finance will set up a new panel of experts on the "digital yen" to discuss the feasibility of issuing it. I was. The Bank of Japan is already conducting technical demonstration experiments, and it is expected that domestic discussions will become more serious in the future.
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G7 Climate, Energy and Environment Ministers' Meeting to be held "Share recognition among countries"
2023-04-14 12:15:00
Regarding the G7 = climate, energy and environment ministers' meeting of seven major countries to be held in Sapporo from the 15th, Minister of Economy, Trade and Industry Nishimura will recognize each country in order to ensure energy security and realize a decarbonized society. I emphasized that I would like to share
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Government approves IR development plan in Osaka for the first time, to develop facilities
2023-04-14 11:57:00
On the 14th, the government approved the development plan of Osaka Prefecture and Osaka City aiming to open an IR = integrated resort facility including a casino on the 14th. It is the first time that an IR development plan has been approved by the government, and it is expected that the development of facilities will proceed.
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U.S. Trade Representative to visit Japan from 19th to discuss IPEF with Minister of Economy, Trade and Industry Nishimura
2023-04-14 11:55:00
The U.S. Trade Representative announced that the Thai trade representative will visit Japan from the 19th of this month to discuss with Minister of Economy, Trade and Industry Nishimura about IPEF = Indo-Pacific Economic Framework, a new economic partnership in which 14 countries including Japan participate.
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G20 Finance Ministers and Central Bank Governors Meeting Emphasizes Achievements Without Joint Statement
2023-04-14 11:53:00
The G20 = meeting of finance ministers and central bank governors of 20 major countries held in Washington, D.C., ended its two-day schedule early on the 14th of Japan time. Although no joint statement was issued, Minister Suzuki emphasized the outcome, saying that meaningful discussions were held on issues such as financial instability.
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Government approves IR development plan in Osaka for the first time, to develop facilities
2023-04-14 11:01:00
On the 14th, the government approved the development plan of Osaka Prefecture and Osaka City aiming to open an IR = integrated resort facility including a casino on the 14th. It is the first time that an IR development plan has been approved by the government, and it is expected that the development of facilities will proceed.
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Sri Lanka's debt problem Talks to resolve under the initiative of Japan
2023-04-14 10:50:00
In order to solve the debt problem of Sri Lanka, which has fallen into a serious economic crisis, a new framework will be launched under the leadership of Japan and others, in which creditor nations will meet together and discuss changes in repayment terms.
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Government approves IR development plan in Osaka for the first time, to develop facilities
2023-04-14 10:13:00
On the 14th, the government approved the development plan of Osaka Prefecture and Osaka City aiming to open an IR = integrated resort facility including a casino on the 14th. It is the first time that an IR development plan has been approved by the government, and it is expected that the development of facilities will proceed.
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Government approves IR development plan in Osaka for the first time
2023-04-14 08:38:00
Regarding integrated resort facilities including casinos, Prime Minister Kishida announced at the meeting of the government's IR promotion headquarters on the morning of the 14th that he would approve the development plan of Osaka Prefecture and Osaka City, which aims to open in 2029. bottom.
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G20 closing Joint statement not issued Is it due to conflict between participating countries?
2023-04-14 07:51:00
The G20 = meeting of finance ministers and central bank governors of 20 major countries held in Washington, D.C., ended after two days of discussions, and ended early on the 14th, Japan time. and chairman's summaries.
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