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

Economic news(2023/05/02)


Kyoto   Hakone

Mitsubishi UFJ Bank ATM 24-hour operation cancellation up to 6:00 am to midnight

2023-05-02 20:54:00
MUFG Bank has decided to stop operating ATMs (automated teller machines), which operate 24 hours a day, mainly in urban areas such as Tokyo and Osaka, from midnight to dawn during this fiscal year. It is said that the number of users has decreased due to the progress of cashless payment.

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Japan Airlines final profit for the first time in 3 years due to significant recovery in passenger demand

2023-05-02 19:21:00
Japan Airlines, a major aviation company, posted a profit of 34.4 billion yen for the first year in three years, due to a significant recovery in passenger demand both at home and abroad.

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Yen exchange rate drop from the perspective of prolonged monetary tightening in the United States

2023-05-02 18:56:00
In the Tokyo foreign exchange market on the 2nd, the yen exchange rate fell due to the view that the monetary tightening in the United States will be prolonged.

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'Digital Bank Run': What Three Bankruptcies Have in Common

2023-05-02 18:23:00
The US bank First Republic Bank has filed for bankruptcy. In the United States, a total of three banks have failed in less than two months since the failure of Silicon Valley Bank. Why are there so many bank failures? What was common to all three banks that went bankrupt was that financial services through SNS and the Internet accelerated the outflow of deposits. In the United States, it is also called the “Digital Bank Run,” which means taking deposits in the digital age.

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Gold futures prices hit record highs Yen depreciation pushes up domestic prices

2023-05-02 17:49:00
The futures price of "gold" traded on the Osaka Exchange has updated its highest price. The rising trend continued due to concerns about financial instability in the United States, but the depreciation of the yen pushed up domestic prices.

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Mitsui & Co.'s settlement of accounts Final profit of more than 1.13 trillion yen, the first general trading company to exceed 1 trillion yen

2023-05-02 17:40:00
Mitsui & Co.'s financial results for the last fiscal year showed that its final profit was more than 1.13 trillion yen, making it the first general trading company to exceed 1 trillion yen. Profits were boosted by the weaker yen and rising resource prices.

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Japan-South Korea Finance Ministers' Meeting Agreement to resume Japan-South Korea financial dialogue for the first time in about seven years

2023-05-02 17:11:00
Finance Minister Suzuki, who is visiting Incheon, South Korea to attend the general meeting of ADB = Asian Development Bank, held a meeting with South Korea's Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho on the morning of the 2nd. Did. It was the first time in seven years that the finance ministers of Japan and South Korea had a formal meeting, and they agreed to resume the "Japan-South Korea financial dialogue," in which officials, including ministers in charge, exchange views on economic and fiscal issues.

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The stock price has been renewed for the third consecutive business day, but the price has changed slightly

2023-05-02 16:09:00
On May 2, the Tokyo stock market and the Nikkei Stock Average reached new highs for the third consecutive business day. However, it did not rise significantly, and remained in a small price movement.

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Japan-South Korea Finance Ministers' Meeting Agreement to resume Japan-South Korea financial dialogue for the first time in about seven years

2023-05-02 14:29:00
Finance Minister Suzuki, who is visiting Incheon, South Korea to attend the general meeting of ADB = Asian Development Bank, held a meeting with South Korea's Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho on the morning of the 2nd. Did. It was the first time in seven years that the finance ministers of Japan and South Korea had a formal meeting, and they agreed to resume the "Japan-South Korea financial dialogue," in which officials, including ministers in charge, exchange views on economic and fiscal issues.

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'Digital Bank Run': What Three Bankruptcies Have in Common

2023-05-02 14:24:00
The US bank First Republic Bank has filed for bankruptcy. In the United States, a total of three banks have failed in less than two months since the failure of Silicon Valley Bank. Why are there so many bank failures? What was common to all three banks that went bankrupt was that financial services through SNS and the Internet accelerated the outflow of deposits. In the United States, it is also called the “Digital Bank Run,” which means taking deposits in the digital age.

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Strengthen collaboration between Japan and ASEAN toward decarbonization and supply chain resilience

2023-05-02 13:35:00
Japan and ASEAN = The Association of Southeast Asian Nations Finance Ministers and Central Bank Governors Meeting was held in Incheon, South Korea. I showed my thoughts on the future.

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Slight price fluctuations in stock prices Concerns about financial instability over bankruptcy of U.S. bank Retreat

2023-05-02 12:14:00
Concerns about financial instability surrounding the bankruptcy of the Tokyo stock market, the US bank, and the First Republic Bank on the 2nd have receded, and the Nikkei Stock Average has moved slightly.

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Japan-South Korea finance ministers formally meet for the first time in seven years

2023-05-02 12:09:00
Finance Minister Suzuki, who is visiting Incheon, South Korea to attend the general meeting of ADB = Asian Development Bank, held a meeting with South Korea's Deputy Prime Minister and Minister of Strategy and Finance Choo Kyung-ho on the morning of the 2nd. bottom. It will be the first time in seven years that the finance ministers of Japan and South Korea have met formally.

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Asian Development Bank Annual Meeting 2 trillion yen loan for climate change countermeasures

2023-05-02 12:08:00
The Asian Development Bank's annual general meeting began on the 2nd in South Korea, and Governor Asakawa announced a new plan to finance up to 15 billion dollars, or 2 trillion yen in Japanese yen, to emerging and developing countries as climate change countermeasures. I made it clear that I will set up a framework.

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Japan-South Korea Finance Ministers Meet for the First Time in Seven Years

2023-05-02 09:55:00
Finance Minister Suzuki, who is visiting Incheon, South Korea to attend the general meeting of ADB = Asian Development Bank, met with South Korea's Deputy Prime Minister and Minister of Strategy and Finance Joo Kyung-ho on the morning of the 2nd. It will be the first time in about seven years since August 2016 that the finance ministers of Japan and South Korea will meet formally.

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Minister of Economy, Trade and Industry Nishimura Visits Europe Visits Advanced Semiconductor Research Institute in Belgium

2023-05-02 09:22:00
Minister of Economy, Trade and Industry Nishimura, who is visiting Europe, visited a Belgian research institute that conducts research and development of advanced semiconductors. In it, he revealed that the research institute had conveyed its intention to establish a base in Japan in order to strengthen cooperation with Japan.

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Movement to strengthen electric wheelchair safety functions Actively among manufacturers

2023-05-02 06:54:00
There is a growing movement among manufacturers to enhance the safety features of electric wheelchairs. In particular, there are expectations as a means of transportation for elderly people who have returned their driver's licenses.

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“Visualization” of CO2 emissions through individual lifestyles and actions

2023-05-02 06:29:00
New services that "visualize" how much carbon dioxide is emitted in an individual's daily life and actions are appearing one after another, and it seems that it will lead to an increase in awareness toward the realization of a decarbonized society.

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Finance Minister Suzuki and BOJ Governor Ueda to attend ADB meeting

2023-05-02 05:09:00
Minister of Finance Suzuki and Governor Ueda of the Bank of Japan will attend a series of meetings in line with the annual general meeting of the ADB = Asian Development Bank to be held in South Korea from the 2nd, and provide economic support in preparation for risks such as natural disasters and infectious diseases. We discuss frameworks, etc.

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Mitsubishi Corporation to establish Japan's largest decarbonization fund with MUFG Bank, etc.

2023-05-02 04:23:00
In order to invest in start-up companies with technologies that lead to decarbonization, Mitsubishi Corporation and MUFG Bank, Ltd. will launch a fund worth approximately 135 billion yen, which is the largest in Japan in this field.

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NY foreign exchange market Yen exchange rate 1 dollar = price drops to the lower 137 yen level

2023-05-02 00:14:00
In the New York foreign exchange market on May 1, economic indicators related to the manufacturing industry announced on that day exceeded market expectations, and there was a move to buy the dollar from the view that the economy was strong, and the yen exchange rate fell. At one point, the price fell to the first half of the 137 yen level at $1. 1 dollar = 137 yen level will be the first time since early March this year. Against the backdrop of a strong economy, the view that the FRB = Federal Reserve Board will raise interest rates has strengthened, boosting yen selling and dollar buying. A market insider said, "Financial markets are taking a cool look at the First Republic Bank collapse, partly because it was announced along with the acquisition of JPMorgan Chase. After the Fed's meeting this week. It will be interesting to see what Chairman Powell's outlook for future interest rate levels will be at the press conference."

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Kyoto   Mt.Fuji


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