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

Economic news(2023/06/29)


Kyoto   Hakone

Yen exchange rate (NY) Temporarily drops to the upper half of the 144 yen level at 1 dollar

2023-06-29 22:42:00
On the 29th, the yen weakened further in the New York foreign exchange market, and the yen exchange rate temporarily fell to the upper 144 yen level to the dollar.

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Agreed to resume Japan-Korea financial dialogue "Currency Swap Agreement" and agreed to strengthen relations

2023-06-29 19:33:00
As Japan-South Korea relations continue to improve, the Japan-South Korea Finance Dialogue was held for the first time in seven years at the Ministry of Finance in Tokyo, where the finance ministers of Japan and South Korea exchange views on economic issues. They agreed to strengthen their economic and financial ties, including agreeing to resume a "currency swap agreement" that allows them to exchange currencies when the financial markets are in turmoil.

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Sony Shizuoka to close factory in Kosai City Producing video cameras etc.

2023-06-29 19:00:00
Sony has announced plans to close its factory in Kosai City, Shizuoka Prefecture, which produces video cameras and other products, as part of its efforts to improve production efficiency.

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"Oriental Land" changes top management Executive Vice President becomes Chairman and CEO

2023-06-29 18:33:00
At Oriental Land, which operates Tokyo Disneyland, Toshio Kagami, who served as top management for nearly 30 years, retired as chairman and CEO, and was replaced by vice president Yumiko Takano.

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Softbank plans to invest about 20 billion yen in supercomputer development for generation AI development

2023-06-29 18:10:00
Softbank has revealed a policy to invest about 20 billion yen to develop a supercomputer in order to develop its own generation AI. It is said that it will secure the top-class calculation processing capacity in Japan.

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Unauthorized browsing problem of major electric power companies Administrative guidance to 15 companies Government's Personal Information Protection Commission

2023-06-29 18:05:00
In response to the problem that employees of a major electric power company illegally viewed the customer information of competitors through subsidiaries, etc., the government's Personal Information Protection Commission asked 15 companies, including electric power companies and their subsidiaries, about the way information should be managed. We performed administrative guidance to demand that we inspect.

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Yen exchange rate temporarily drops to the high 144 yen level at 1 dollar = the level for the first time in about 7 months

2023-06-29 17:54:00
In the Tokyo foreign exchange market on the 29th, monetary tightening continued in the United States, while monetary easing was expected to continue in Japan. The yen exchange rate temporarily fell to the upper 144 yen level against the US dollar, marking the lowest level of yen depreciation in seven months.

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NTT DATA announces services for companies using generated AI

2023-06-29 17:52:00
NTT DATA, a major IT company, has announced that it will start a new service for companies that utilizes generative AI that automatically creates sentences. In anticipation of the spread of generative AI, Japanese companies are also moving to strengthen their businesses one after another.

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Personnel intervention of the former vice-minister of the Ministry of Land, Infrastructure, Transport and Tourism "Airport facilities" president reappointment proposal rejected

2023-06-29 17:38:00
At the general meeting of shareholders of "Airport Facility", which deals with airport facilities, etc., where it was revealed that the former administrative vice-minister of the Ministry of Land, Infrastructure, Transport and Tourism had intervened in personnel affairs, the company's proposal for the reappointment of the president was rejected.

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FTC advises Nojima to unfairly reduce prices of products ordered from subcontractors

2023-06-29 17:35:00
It turned out that "Nojima", a major consumer electronics retailer, had illegally deducted more than 70 million yen from the order amount for products ordered from subcontractors, and the Fair Trade Commission recurred as violating the Subcontract Act We made a "recommendation" to seek prevention.

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Electricity charges for billing in August Decrease in 8 major electric power companies Due to lower fuel prices

2023-06-29 17:16:00
The 10 major electric power companies will announce the electricity bills for August billing this year, and 8 out of 10 companies will reduce the price due to the recent decline in fuel prices.

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Agreed to resume Japan-Korea financial dialogue "Currency Swap Agreement" and agreed to strengthen relations

2023-06-29 17:14:00
As Japan-South Korea relations continue to improve, the Japan-South Korea Finance Dialogue was held for the first time in seven years at the Ministry of Finance in Tokyo, where the finance ministers of Japan and South Korea exchange views on economic issues. They agreed to strengthen their economic and financial ties, including agreeing to resume a "currency swap agreement" that allows them to exchange currencies when the financial markets are in turmoil.

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The amount of Japanese stocks traded by overseas investors Net selling for the first time in 13 weeks

2023-06-29 17:08:00
Last week, when the Nikkei Stock Average fell more than 900 yen, the amount bought by overseas investors in Japanese stocks fell below the amount sold, marking the first net selling in 13 weeks.

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Summer bonus of over 950,000 yen, up 3.91% from last year, third highest level ever

2023-06-29 16:29:00
The average summer bonus for major companies this year was 956,027 yen per employee, an increase of 3.91% from last year, surpassing the previous year for the second consecutive year. Payouts are the third highest since 1981, when the current method began.

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Stock prices rise slightly Buy orders for export-related stocks such as semiconductors

2023-06-29 16:13:00
On the 29th, the Tokyo stock market and the Nikkei stock average rose slightly.

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“For the first time in 7 years” Japan-Korea financial dialogue held “currency swap agreement” discussion?

2023-06-29 16:02:00
The Japan-Korea Financial Dialogue was held in Tokyo, where financial officials, including ministers in charge of Japan and South Korea, exchange opinions on economic and fiscal issues. It was held for the first time in seven years, and it seems that discussions were exchanged toward the resumption of the ``currency swap agreement,'' which allows mutual currencies to be exchanged when the financial market is confused.

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Yen exchange rate temporarily drops to the high 144 yen level at 1 dollar = the level for the first time in about 7 months

2023-06-29 15:52:00
On the 29th, the yen weakened further in the Tokyo foreign exchange market, and the yen exchange rate temporarily fell to the upper 144 yen level to the dollar, marking the first time in about seven months that the yen has depreciated against the dollar. At a financial symposium held in Portugal on the 28th, Federal Reserve Chairman Jerome Powell and Bank of Japan Governor Ueda said they were aware of the widening interest rate differential between Japan and the United States, and yen selling and dollar buying are progressing. . In the foreign exchange market, while Europe and the United States will continue to tighten monetary policy for the time being, there is a growing view that monetary easing will continue in Japan.

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Toshiba General Meeting of Shareholders President Shimada seeks understanding of delisting to resolve management confusion

2023-06-29 15:24:00
Toshiba's general meeting of shareholders was held on the 29th, and President Taro Shimada asked shareholders for their understanding of the policy of delisting shares with the aim of resolving management confusion.

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All 8 domestic automakers' production volume in May surpassed the same month last year

2023-06-29 15:07:00
All eight of the country's major automakers produced more last month than in the same month last year as semiconductor supply shortages eased.

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U.S. Fed announces stress test results “Can continue financing even in severe recession”

2023-06-29 12:15:00
In the United States, where bank failures have occurred one after another, the FRB = Federal Reserve Board, which is the central bank, has announced the results of the so-called "stress test", which is an examination of the soundness of bank management. Even in the event of a severe recession, the major financial institutions targeted this time will be able to continue lending to companies and others.

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Shareholders' general meeting peaks Record number of companies receiving shareholder proposals such as dividend increases

2023-06-29 12:13:00
Shareholders' meetings of listed companies are peaking on the 29th. This year, the number of companies that have received shareholder proposals has reached a record high, with a series of proposals from shareholders requesting an increase in dividends and the election of directors.

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Toyota-funded U.S. venture company “Flying Taxi” to test flight

2023-06-29 11:09:00
A prototype of a so-called "flying taxi" manufactured for mass production by an American venture company invested by Toyota Motor Corporation has recently received approval from the U.S. aviation authorities and can now begin test flights.

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Biden's 'Bidenomics' Appeals to Strong Economy

2023-06-29 08:17:00
President Biden of the United States called his policy, which aims to raise the income of the middle class through large-scale investment in infrastructure, etc., ``Bidenomics,'' and appealed that the American economy is doing well. As President Biden, he is expected to bring his economic policy achievements to the fore in the run-up to next fall's presidential election, which is aimed at his re-election.

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Yen exchange rate (NY) temporarily drops to the mid-144 yen level, level for the first time in about 7 months

2023-06-29 05:37:00
In the New York foreign exchange market on the 28th, the difference in the direction of monetary policy between Europe, the United States and Japan became clear at the financial symposium, and the yen depreciated. As a result, the yen depreciated against the dollar for the first time in about seven months.

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Discussion on resuming "currency swap agreement" Today's "Japan-Korea Financial Dialogue"

2023-06-29 04:36:00
As Japan-South Korea relations continue to improve, the "Japan-South Korea Financial Dialogue" was held in Tokyo on the 29th for the first time in seven years, in which financial officials, including ministers in charge of Japan and South Korea, exchange opinions on economic and fiscal issues. increase. Discussions are expected to resume the "currency swap agreement," which allows mutual exchange of currencies when the financial markets are in turmoil.

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Central bank leaders in Japan, the US, and Europe participate in a financial symposium, highlighting differences in policy

2023-06-29 04:32:00
Heads of central banks from Japan, the United States, and Europe, including Governor Ueda of the Bank of Japan and Governor Lagarde of the European Central Bank, attended a financial symposium held in Portugal. While Europe and the United States emphasized the need to continue raising interest rates, Bank of Japan Governor Ueda indicated that he would continue with the current monetary easing measures for the time being, making the difference in stance between Europe and the United States clear.

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Kyoto   Mt.Fuji


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