Economic news(2023/09/19)
Elon Musk suggests that all X users will be required to pay a small fee
2023-09-19 22:48:00
Elon Musk, who owns the American social media giant formerly known as Twitter "X," plans to require all X users to pay a small fee in order to eliminate the large number of "bots" that post automatically. was shown.
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Yen market: small price movements
2023-09-19 19:14:00
At the beginning of the week on the 19th, the Tokyo foreign exchange market saw small movements in the yen exchange rate.
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Chairman of Keidanren: “Consider measures that allow talents to continue their activities”
2023-09-19 18:26:00
In response to the issue of Johnny Kitagawa's sexual assault, there is a growing movement among companies to reconsider their relationships with talents affiliated with Johnny's Agency, and Keidanren Chairman Tokura said, ``Talents are, in a sense, victims. I am the perpetrator, not the perpetrator,'' and expressed the idea that measures should be considered to allow the entertainer to continue his activities.
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Iris Ohyama voluntarily recalls 300,000 pieces of "Mochi Mugi Gohan" produced by Iris Ohyama
2023-09-19 18:06:00
The company announced that it will voluntarily recall more than 300,000 units of microwaveable rice manufactured by Iris Ohyama and sold online and at supermarkets through its group companies.
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Economy, Trade and Industry Minister Nishimura ``examines impact and responds'' to US sanctions on Russian companies related to LNG development
2023-09-19 17:40:00
Minister of Economy, Trade and Industry Nishimura has examined the impact of the US government's sanctions on a Russian company involved in an LNG (liquefied natural gas) development project in the Arctic region in which a Japanese company has invested. He expressed his intention to take necessary measures to ensure that supply is not compromised.
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Stock prices fall, sell orders spread for semiconductor-related stocks, etc.
2023-09-19 17:14:00
In the Tokyo stock market on the 19th, there were widespread sell orders for semiconductor-related stocks, and the Nikkei Stock Average fell.
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Economy, Trade and Industry Minister Nishimura ``examines impact and responds'' to US sanctions on Russian companies related to LNG development
2023-09-19 12:56:00
Minister of Economy, Trade and Industry Nishimura has examined the impact of the US government's sanctions on a Russian company involved in an LNG (liquefied natural gas) development project in the Arctic region in which a Japanese company has invested. He expressed his intention to take necessary measures to ensure that supply is not compromised.
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Financial Services Agency conducts on-site inspection of Sompo Japan and Big Motor
2023-09-19 12:42:00
Due to the issue of fraudulent insurance claims made by Big Motor, the Financial Services Agency conducted an on-site inspection of Sompo Japan Insurance based on the Insurance Business Law. The company plans to conduct a detailed investigation into how management resumed business with Big Motor last year despite being aware of the possibility of fraud, and whether there were any problems with the group's governance structure.
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Stock prices at the end of the week Tokyo stock market sell orders spread, temporarily falling by more than 400 yen
2023-09-19 12:32:00
At the beginning of the week, on the 19th, the Tokyo stock market saw widespread sell orders for semiconductor-related stocks, and the Nikkei Stock Average at one point fell by more than 400 yen.
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Financial Services Agency conducts on-site inspection of Sompo Japan and Big Motor
2023-09-19 10:42:00
Due to the issue of fraudulent insurance claims made by Big Motor, the Financial Services Agency conducted an on-site inspection of Sompo Japan Insurance based on the Insurance Business Law. The company plans to conduct a detailed investigation into how management resumed business with Big Motor last year despite being aware of the possibility of fraud, and whether there were any problems with the group's governance structure.
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Financial Services Agency conducts on-site inspection of Sompo Japan due to fraudulent billing by Big Motor
2023-09-19 09:58:00
Due to the issue of fraudulent insurance claims made by Big Motor, the Financial Services Agency recently conducted an on-site inspection of Sompo Japan Insurance based on the Insurance Business Act. Regarding Sompo Japan Insurance, in July of last year, the management team resumed transactions with Big Motor, which had been suspended even though they were aware of the possibility of fraud, and in 2019, the company announced that it would respond internally to Big Motor. It is known that a team was set up to simplify damage assessment. The Financial Services Agency plans to conduct a detailed investigation into the circumstances that led to this management decision, as well as whether there were any problems with the group's governance structure.
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Financial Services Agency conducts on-site inspection of Big Motor due to fraudulent insurance claims
2023-09-19 09:03:00
Due to the issue of fraudulent insurance claims made by Big Motor, the Financial Services Agency conducted an on-site inspection of Big Motor based on the Insurance Business Act.
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Former Chairman Ghosn seeks payment of over 147 billion yen from Nissan and other companies, proceeding to court
2023-09-19 08:14:00
Carlos Ghosn, former chairman of Nissan Motor Co., Ltd., who was indicted in Japan for violating the Financial Instruments and Exchange Act, made payments of more than $1 billion to Nissan and other companies in Lebanon, where he fled, on grounds of damage to his reputation. Preliminary proceedings for trial were held on the 18th regarding the lawsuit.
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Ukraine sues Poland and others at WTO over agricultural import ban
2023-09-19 08:08:00
The Ukrainian government announced that it has filed a lawsuit with the World Trade Organization over three neighboring countries, including Poland, that have independently imposed a ban on imports of Ukrainian agricultural products. There are also concerns that this could lead to a deterioration in relations with countries such as Poland, which is providing support to Ukraine, which is undergoing military invasion.
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Toyota to introduce new method for production of next-generation EV planned to launch in 3 years
2023-09-19 06:36:00
Toyota Motor Corporation will introduce a new method to produce the next generation EV (electric vehicle) that it plans to launch in three years. The company's policy is to improve efficiency through systems that allow cars to move on their own during assembly to the next process, with the aim of cutting factory investment in half.
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There is an active movement to develop “domestic” generative AI that automatically creates sentences etc.
2023-09-19 06:35:00
There is a growing movement to develop "domestic" generation AI that automatically creates sentences. We will compete with American companies that are leading the way with abundant financial resources by developing products specialized in industries and fields.
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Bank of Japan monetary policy meeting expected to discuss the impact of the slowdown in the Chinese economy
2023-09-19 06:34:00
The Bank of Japan will hold a monetary policy meeting for two days starting on the 21st. At the previous meeting in July this year, we made monetary policy more flexible and allowed a further rise in long-term interest rates, but this time we will analyze subsequent movements in the financial market and discuss price trends and the Chinese economy. Discussions are also expected to take place regarding the effects of the slowdown.
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NY crude oil futures price rises to $92 per barrel, new high this year
2023-09-19 06:28:00
On the 18th, in the New York crude oil market, Saudi Arabia extended its voluntary additional production cut of crude oil, while international crude oil futures prices temporarily reached the $92/barrel level due to the outlook that demand is strong and the supply-demand balance will tighten. It rose and updated the highest price of this year.
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Expectations that the Federal Reserve will postpone interest rate hikes grow stronger due to signs of improvement in labor shortage
2023-09-19 05:39:00
The Federal Reserve Board of the United States will hold a meeting to decide on monetary policy for two days starting on the 19th. There is a growing expectation in the market that the Federal Reserve will hold off on raising interest rates, as there are signs of improvement in the labor shortage that has been a factor in inflation.
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Sompo Japan and Big Motor start on-site inspection from today Financial Services Agency
2023-09-19 04:58:00
Due to the issue of fraudulent insurance claims by Big Motor, the Financial Services Agency will conduct on-site inspections of Sompo Japan Insurance and Big Motor from the 19th. In addition to the actual situation of fraudulent claims, we will also investigate in detail how Sompo Japan Insurance resumed transactions last year despite being aware of the possibility of fraud.
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