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

Economic news(2023/05/17)


Kyoto   Hakone

Credit Saison to Acquire Around 15% Stake in Suruga Bank

2023-05-17 23:54:00
Credit card giant Credit Saison has decided to acquire about 15% of the shares of Suruga Bank, which has its head office in Shizuoka Prefecture, and make it an equity-method affiliate.

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Overbilling problem at major travel agencies Nationwide travel agencies are instructed to investigate Japan Tourism Agency

2023-05-17 19:29:00
In a project entrusted by a local government, a major travel agency was overcharging labor costs, and the Japan Tourism Agency has instructed travel agencies nationwide to investigate similar fraud.

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CyberAgent Learn mainly Japanese Large-scale language model development

2023-05-17 19:26:00
CyberAgent, a major IT company, has developed a "large-scale language model" that will serve as the technical basis for generative AI that can interact, etc., and released it on the 17th. This model is trained mainly in Japanese, and it is expected that it will lead to the development of generative AI specialized in Japanese in the future.

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Yen exchange rate drops by more than 1 yen Widespread view of prolonged monetary tightening in the US

2023-05-17 19:25:00
In the Tokyo foreign exchange market on the 17th, there was widespread speculation that the tightening of monetary policy in the United States would be prolonged, so the dollar was bought and the yen fell by more than 1 yen.

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Jan-Mar GDP Exceeds Market Forecasts What Do Experts Say?

2023-05-17 18:32:00
From January to March, GDP = Gross Domestic Product, the real growth rate excluding price fluctuations was +1.6% on an annual basis against the background of the recovery of personal consumption, etc., exceeding the market forecast. I was. We asked Keiji Kanda, a senior economist at Daiwa Institute of Research, about the factors behind this and the future outlook.

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Voluntary recall of approximately 30,000 units of Aeon own-brand frozen fried rice

2023-05-17 17:05:00
Aeon, a major distribution company, has announced that it will voluntarily recall about 30,000 of the target products, citing the possibility that some of the frozen fried rice sold under its own brand may have been contaminated with resin fragments during the manufacturing process.

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Stock price rises to the 30,000 yen level for the first time in about 1 year and 8 months

2023-05-17 16:47:00
On the 17th, the Tokyo stock market and the Nikkei stock average rose to the 30,000 yen level for the first time in 1 year and 8 months.

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G7 Renewable Energy Discussions Focus on Next-Generation Solar Cell Technology

2023-05-17 16:33:00
At the G7 Hiroshima Summit, which will begin on the 19th, it is expected that discussions will also be held on expanding the introduction of renewable energy, which is indispensable for realizing a decarbonized society. Under these circumstances, next-generation solar cell technology is currently attracting attention.

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Four Japanese Motorcycle Manufacturers Collaborate on "Hydrogen Engine" Research

2023-05-17 14:13:00
Toward the realization of a decarbonized society, four Japanese motorcycle manufacturers have collaborated to advance research into a "hydrogen engine" that emits almost no carbon dioxide while riding.

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Ceremony to commend international achievement engineers in the field of information and communication Tokyo

2023-05-17 14:12:00
A ceremony to commend engineers who have made international achievements in the field of information and communications was held in Tokyo on the 17th.

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Public-private investment of more than 10 billion yen in a venture company for the practical application of nuclear fusion power generation

2023-05-17 14:02:00
17 companies, including government funds, electric power companies, and major trading companies, have invested more than 10 billion yen in a venture company originating from Kyoto University that conducts research and development of nuclear fusion power generation, which is expected to be a next-generation energy source. It was decided to support the movement towards

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January-March GDP annual rate +1.6% Positive growth for the first time in three quarters Personal consumption growth

2023-05-17 12:34:00
From January to March, GDP = Gross Domestic Product grew at a real annualized rate of +1.6% compared to the previous three months, which was the first positive growth in three quarters. The main factor behind this was growth in personal consumption, including a recovery in consumption of services such as dining out and travel.

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Stock price rises to the 30,000 yen level for the first time in about 1 year and 8 months

2023-05-17 12:09:00
On the 17th, the Tokyo stock market and the Nikkei stock average rose to the 30,000 yen level for the first time in 1 year and 8 months.

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January-March GDP annual rate +1.6% Positive growth for the first time in three quarters Personal consumption growth

2023-05-17 10:16:00
From January to March, GDP = Gross Domestic Product grew at a real annualized rate of +1.6% compared to the previous three months, which was the first positive growth in three quarters. The main factor behind this was growth in personal consumption, including a recovery in consumption of services such as dining out and travel.

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Stock price recovered to the 30,000 yen level for the first time in about 1 year and 8 months

2023-05-17 09:47:00
In the Tokyo stock market on the 17th, buy orders were placed immediately after the start of trading, and the Nikkei Stock Average recovered to the 30,000 yen level for the first time in about 1 year and 8 months.

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Russian companies involved in the development of natural gas, etc. visit Iran for a large-scale business meeting

2023-05-17 09:26:00
Russian companies involved in the development of natural gas and oil visited Iran and held their first large-scale business meeting. Although the two countries are rivals in the energy field, they are strengthening their cooperation amid the sanctions imposed by the United States and Europe.

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January-March GDP annual rate +1.6% Positive growth for the first time in three quarters

2023-05-17 09:00:00
From January to March, GDP = Gross Domestic Product grew at a real annualized rate of +1.6% compared to the previous three months, which was the first positive growth in three quarters.

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Former bankrupt US bank CEO ``The speed of withdrawal was unpredictable''

2023-05-17 07:16:00
The former CEO of Silicon Valley Bank in the United States, which went bankrupt in March this year, testified at a Senate hearing and apologized, ``I am really sorry to our employees, customers, and shareholders.'' He acknowledged that the scale was historically unprecedented and could not have been predicted.

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NY Dow drops over $ 300 due to concerns about the future of corporate performance

2023-05-17 07:02:00
On the 16th, the New York stock market saw an increase in selling orders due to concerns about the future of corporate performance, and the Dow Jones Industrial Average dropped over $300. The closing price of the Dow Jones Industrial Average on the New York stock market on the 16th was $33,012.14, down $336.46 from the previous day.

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GDP from January to March this year announced today "Personal consumption" is expected to be positive

2023-05-17 05:41:00
On the 17th, the Cabinet Office will announce GDP = Gross Domestic Product from January to March this year. According to private sector forecasts, while exports will decline due to the impact of the slowdown in overseas economies, positive growth is expected as personal consumption such as travel and eating out will increase.

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CEO of ChatGPT development company "Safe use of AI, global rules led by the United States"

2023-05-17 05:35:00
The CEO of OpenAI, a venture company that developed ChatGPT, a conversational AI that is rapidly expanding in use, testified for the first time at a hearing in the US Congress, stating that regulations are essential for the safe use of AI. He emphasized that Japan should take the lead in creating common rules for the world.

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Draft Declaration on the G7 Digital Field “International discussion on the spread of trustworthy AI”

2023-05-17 04:11:00
The draft of the leaders' declaration on the digital field of the G7 Hiroshima Summit, which will open on the 19th, has been revealed. As the use and development of generative AI such as ChatGPT is rapidly expanding, adjustments are being made to confirm the importance of international discussions for the spread of reliable AI.

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Kyoto   Mt.Fuji


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