Economic news(2023/09/20)
After 120 years of bus business, there will be a shortage of 36,000 drivers in 2030. Background and future
2023-09-20 20:09:00
As bus services are being reduced across the country due to a shortage of drivers, an industry group has compiled an estimate that there will be a shortage of 36,000 drivers in 2030. The ``2024 problem'' is said to exacerbate the driver shortage. In order to improve the environment for drivers, it has been decided that the upper limit on working hours will be lowered from April next year, and the challenge for bus companies around the country is how to respond.
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Yen market price falls to 148 yen level, renewing the lowest yen level since November last year
2023-09-20 19:59:00
At the Tokyo foreign exchange market on the 20th, there was a strong movement to buy dollars and sell yen, and the yen exchange rate fell to the 148 yen level to the dollar for the first time in 10 months since November last year.
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Toshiba announces outlook for establishment of TOB, plans to go private within the year
2023-09-20 19:51:00
Toshiba has announced that it is expected to complete a TOB (tender offer) with the aim of taking its shares private in order to stabilize its management. One of the leading companies in Japan's manufacturing industry will reach a major turning point in its management, as it is expected to be delisted within the year.
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Head of the Japan Securities Association “Thoroughly examine securities companies” for giving money to organized crime members
2023-09-20 18:24:00
Toshio Morita, chairman of the Japan Securities Dealers Association, stated at a press conference that the former president of Sanei Architects, a real estate company listed on the prime market of the Tokyo Stock Exchange, had given money to organized crime members. He expressed the idea that it is important to carry out thorough examinations such as:
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Yen market price falls to 148 yen level, renewing the lowest yen level since November last year
2023-09-20 18:18:00
At the Tokyo foreign exchange market on the 20th, there was a strong movement to buy dollars and sell yen, and the yen exchange rate fell to the 148 yen level to the dollar for the first time in 10 months since November last year.
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Stock prices fall due to sell orders to take profits ahead of US monetary policy meeting
2023-09-20 18:10:00
On the Tokyo stock market on the 20th, stock prices fell as sell orders spread to lock in profits ahead of a meeting to decide America's monetary policy.
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Average price for new condominiums in Tokyo and 3 prefectures: 71.95 million yen, an increase of over 17% compared to the same month last year
2023-09-20 17:22:00
The average price of newly built condominiums sold in Tokyo and three prefectures in the Tokyo metropolitan area last month was 71.95 million yen, an increase of more than 17% from the same month last year.
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Long-term interest rates rise to 0.725%, the highest level since January 2014
2023-09-20 17:13:00
In the bond market on the 20th, the selling of Japanese government bonds intensified, and long-term interest rates hit 0.725%, the highest level since January 2014.
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Personal financial assets reach record high of 2,115 trillion yen due to increase in stock and investment trust balances
2023-09-20 17:03:00
Financial assets such as deposits and stocks held by individuals amounted to 2,115 trillion yen as of the end of June this year, a new record high. The main reason for this was an increase in the balance of stocks and investment trusts due to factors such as rising stock prices.
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Yen market price falls to 148 yen level, renewing the lowest yen level since November last year
2023-09-20 17:00:00
In the Tokyo foreign exchange market on the 20th, there was a strong trend of buying dollars and selling yen, and the yen exchange rate fell to the 148 yen level to the dollar in evening trading for the first time in 10 months since last November.
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Nippon Securities Dealers Association penalizes Chiba Bank subsidiary with fines for structured bonds
2023-09-20 14:49:00
The Japan Securities Dealers Association announced on the 20th that three companies, including Chiba Bank, were subject to administrative sanctions over the sale of financial products called "structured bonds" that claim high yields but carry risks. The company issued a sanction ordering the company to pay a fine of 50 million yen.
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Long-term interest rates temporarily rose to 0.725%, the highest level since January 2014
2023-09-20 13:53:00
In the bond market on the 20th, selling of Japanese government bonds intensified, and long-term interest rates temporarily reached 0.725%, the highest level since January 2014. Long-term interest rates continue to rise in the United States due to rising crude oil prices and concerns that monetary tightening to curb inflation will be prolonged. As a result, upward pressure on interest rates is increasing in Japan's bond market, with the view that even if long-term interest rates rise further, it will be difficult for the Bank of Japan to take measures to contain them.
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Personal financial assets reach record high of 2,115 trillion yen due to increase in stock and investment trust balances
2023-09-20 13:11:00
Financial assets such as deposits and stocks held by individuals reached a record high of 2,115 trillion yen as of the end of June this year. The main reason for this was an increase in the balance of stocks and investment trusts due to factors such as rising stock prices.
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Finance Minister “Weak yen, very close cooperation with US authorities”
2023-09-20 12:41:00
Regarding the yen's depreciation in the foreign exchange market, reaching the low 147 yen level to the dollar, Finance Minister Kanda told reporters that he is working closely with the U.S. monetary authority to prevent excessive He stated that he shared the understanding that fluctuations are undesirable and restrained market movements.
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August trade balance in deficit for second consecutive month Export value decreases due to Chinese economic slowdown
2023-09-20 10:46:00
Last month's trade balance was in the red for the second consecutive month, due to a decline in exports to China due to the slowdown in the Chinese economy.
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August trade balance deficit for second consecutive month
2023-09-20 10:00:00
According to the August trade statistics released by the Ministry of Finance, the trade balance (exports minus imports) was in the red at 930.5 billion yen. This is the second consecutive month that the trade balance has been in the red, but it has decreased by 66.7% compared to the same month last year.
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Finance Minister “Weak yen, extremely close cooperation with overseas authorities”
2023-09-20 09:23:00
Regarding the depreciation of the yen to the low 147 yen level to the dollar in the foreign exchange market, Finance Minister Kanda told reporters on the morning of the 20th, ``We are coordinating extremely closely with overseas authorities and American authorities.'' We share the recognition that excessive fluctuations are undesirable. We must monitor the market with a high degree of nervousness and respond appropriately to excessive fluctuations without eliminating all means. ``I want to go ahead,'' he said, keeping the market in check.
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Finance Minister “Weak yen, extremely close cooperation with overseas authorities”
2023-09-20 09:02:00
Regarding the depreciation of the yen to the low 147 yen level to the dollar in the foreign exchange market, Finance Minister Kanda told reporters on the morning of the 20th, ``We are coordinating extremely closely with overseas authorities and American authorities.'' We share the recognition that excessive fluctuations are undesirable. We must monitor the market with a high degree of nervousness and respond appropriately to excessive fluctuations without eliminating all means. ``I want to go ahead,'' he said, keeping the market in check.
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Industry group estimates that there will be a shortage of 36,000 bus drivers in 2030
2023-09-20 06:28:00
As bus services are being reduced across the country due to a shortage of drivers, an industry group has compiled an estimate that there will be a shortage of 36,000 drivers in 2030.
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“Visualize” land price surveys
2023-09-20 00:31:00
``Are land prices rising even in the mountains?'' ``Are land prices rising on remote islands?'' This year's prefectural land price survey was released, and residential land in ``local areas'' turned positive for the first time in 31 years. Data from over 20,000 locations across the country was put on a map and visualized so that changes in rise and fall could be seen at a glance. It has become clear that there are some areas where unprecedented changes are occurring.
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