Economic news(2023/07/14)
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Big Motor 1 in 4 respondents said they were involved in fraud Survey of some employees
2023-07-14 23:17:00
A special investigative committee made up of outside lawyers was appointed to investigate the problem of the used car sales company "Big Motor" deliberately inflating repair costs by damaging cars, etc., and fraudulently billing insurance money to major non-life insurance companies. As a result of a questionnaire survey of some of the employees, it was found that one in four answered that they were "involved in illegal work."
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Accelerating depreciation of the yuan [Chinese economy column]
2023-07-14 21:35:00
"It's all disappointing," said one market insider. Because China's economic statistics are not impressive. Due in part to the impact of these economic conditions, the depreciation of the Chinese currency and the renminbi is accelerating. At the end of last month, the renminbi hit a seven-and-a-half-month low against the dollar since November 2022, and market players were at one point worried that it would approach a 15-year low. The Chinese government is also sensitive to foreign exchange market trends. What on earth is going on? (Chinese General Bureau Reporter Akihito Iga)
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Ministry of Economy, Trade and Industry issues business improvement orders to five cartels in electricity sales to businesses
2023-07-14 21:28:00
The Ministry of Economy, Trade and Industry (METI) ordered Kansai Electric Power, Chugoku Electric Power, Kyushu Electric Power, and a subsidiary of Chubu Electric Power Co. I issued an improvement order.
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Osaka/Kansai Expo: Why isn't the application for overseas pavilion construction progressing?
2023-07-14 19:47:00
The Osaka-Kansai Expo is approaching in 2025, the year after next. But now we are facing a serious problem. Not a single application for the construction of overseas pavilions, which are attracting attention as the "flowers" of the Expo, has been filed so far, raising concerns about delays in preparations. What is going on in less than two years until the opening?
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Ministry of Economy, Trade and Industry issues business improvement orders to five cartels in electricity sales to businesses
2023-07-14 19:20:00
On the 14th, the Ministry of Economy, Trade and Industry filed a lawsuit against five companies, including Kansai Electric Power Co., Chugoku Electric Power Co., Kyushu Electric Power Co., and Chubu Electric Power Co., Ltd.'s subsidiaries, over the matter of major electric power companies forming a cartel over electricity sales to businesses. issued a business improvement order.
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Electricity supply and demand for one week within the TEPCO service area Expected to secure a stable supply
2023-07-14 19:11:00
Even in the worst of times, the power supply and demand within the Tokyo Electric Power Company service area will be 9.4%, which is expected to ensure the level necessary for stable supply.
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Yen exchange rate temporarily rises to 1 dollar = 137 yen range
2023-07-14 19:08:00
In the Tokyo foreign exchange market on the 14th, the yen exchange rate temporarily rose to the low 137 yen level to the dollar, but after that there was a move to sell the yen that had risen.
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Ministry of Economy, Trade and Industry issues business improvement orders to five cartels in electricity sales to businesses
2023-07-14 19:06:00
On the 14th, the Ministry of Economy, Trade and Industry filed a lawsuit against five companies, including Kansai Electric Power Co., Chugoku Electric Power Co., Kyushu Electric Power Co., and Chubu Electric Power Co., Ltd.'s subsidiaries, over the matter of major electric power companies forming a cartel over electricity sales to businesses. issued a business improvement order.
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Mazda President Mogo plans to launch a new China-specific EV in 2025
2023-07-14 18:01:00
Katsuhiro Moro, president of automobile manufacturer Mazda, who took office last month, told reporters on the 14th that he would launch a new EV (electric vehicle) exclusively for China in 2025 in order to rebuild the Chinese market, where sales have continued to be sluggish. I made it clear that I was going to put it in.
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Small price movements in stock prices
2023-07-14 17:01:00
On the 14th, the Tokyo stock market saw a mixture of buying and selling, and stock prices fluctuated slightly.
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Nissan recalls about 700,000 vehicles of 5 models including Serena
2023-07-14 15:55:00
Nissan Motor has notified the Ministry of Land, Infrastructure, Transport and Tourism of the recall of about 700,000 vehicles, including five models such as the "Serena," due to the possibility that it may not be able to run due to the design defects of engine parts.
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"Myakumyaku" first overseas mission to PR for the Osaka Kansai Expo in France
2023-07-14 15:38:00
Myakumyaku, the official character of Expo '70 in Osaka, Kansai the year after next, traveled abroad for the first time to promote the Expo at an event introducing Japanese culture that opened in France on the 13th.
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Ministry of Economy, Trade and Industry to subsidize up to 75 billion yen for new factory of semiconductor materials maker SUMCO
2023-07-14 14:05:00
In order to stably secure semiconductors, which are becoming more and more important for economic security, the Ministry of Economy, Trade and Industry has decided to invest up to 750 yen for two new factories to be built in Saga Prefecture by SUMCO, a major semiconductor material manufacturer. We announced that we will subsidize 100 million yen.
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Long-term interest rate temporarily rises to 0.485% Bank of Japan's monetary easing policy revised observation
2023-07-14 13:05:00
In the bond market on the 14th, there was a movement to sell Japanese government bonds due to speculation that the Bank of Japan would move to revise its monetary easing measures, and the long-term interest rate temporarily rose to 0.485% for the first time in about four months.
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Isuzu Motors withdraws from production in Russia All major companies are expected to withdraw
2023-07-14 12:04:00
As Russia's military invasion of Ukraine prolongs, major truck maker "Isuzu Motors" announced that it has withdrawn from production in Russia at its own factory. Mitsubishi Motors also has a policy not to resume production, and all major Japanese automakers are expected to withdraw.
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Osaka/Kansai World Expo Preparations delayed for overseas pavilions Implementing body to support
2023-07-14 08:13:00
Regarding the problem that not a single overseas pavilion construction application has been submitted for the Osaka Kansai Expo two years later, the Japan Expo Association, which is the main body of the Expo, has introduced construction companies capable of construction to participating countries where preparations have been delayed. I presented the division of orders for some construction work and clarified that I would support them in the future.
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Ministry of Finance Needs to create a mechanism to return to staff, such as raising wages for nursing care workers
2023-07-14 07:22:00
As the government budgets to improve the treatment of nursing care workers, the Ministry of Finance conducted a survey that even though cash and deposits held by nursing care service providers increased, staff salaries remained flat at a certain level. It is necessary to create a mechanism to return to the staff, such as raising wages.
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Yen exchange rate (NY) temporarily rises to 1 dollar = 137 yen level
2023-07-14 06:07:00
In the New York foreign exchange market on the 13th, concerns about the widening interest rate differential between Japan and the United States have eased due to the view that US inflation is slowing, and dollar selling and yen buying have strengthened, and the yen exchange rate has fallen to about 2. For the first time in months, the price rose to $1 = 137 yen.
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'Big Motor' report points out 'extended range of wounds' and malicious acts
2023-07-14 00:06:00
The used car sales company "Big Motor" was fraudulently billing automobile insurance claims to three major non-life insurance companies for intentionally damaging cars. Details of the commission's report have been revealed. It has been pointed out that there was a malicious act such as swinging a golf ball in a sock and hitting a car to expand the area of ββthe wound.
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