Economic news(2023/09/22)
What is behind the lack of governance? [Economic Column]
2023-09-22 21:29:00
Big Motor, Johnny's Office, Sompo Japan Insurance. And Sanei Architectural Design, which was featured in this column last time. Both companies caused problems that shook society, and the top executives were forced to resign. What they have in common is a "lack of governance." It has been 10 years since strengthening corporate governance was positioned as an essential measure for growth strategy in Japan. Let's think again about where the challenges lie in Japan's corporate governance. (Economic Department, Mitsutsun Saito)
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Something strange happened at the purchasing store as “gold” reached its highest price…The world’s largest gold nugget was valued at over 2.5 billion yen
2023-09-22 19:13:00
Domestic retail gold prices hit a new high on the 21st, hitting 10,178 yen per gram. Due to the soaring price of gold, the world's largest gold nugget is now more than six times larger than when it first went on display. but please wait a moment. There are some points you need to be careful about.
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Consumer price index in August increased by 3.1% compared to the same month last year Prices continue to rise in October
2023-09-22 19:04:00
Looking at the price movements of goods and services consumed at home Last month, the consumer price index for August, which excludes fresh food, which is subject to large fluctuations due to weather, rose 3.1% from the same month last year. The rate of increase has been flat since July, marking the 12th consecutive month that it has been above 3%.
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Yen price temporarily fell to mid-148 yen level due to Bank of Japan Governor's press conference etc.
2023-09-22 18:27:00
In the Tokyo foreign exchange market on the 22nd, in response to the results of the Bank of Japan's monetary policy meeting and Governor Ueda's press conference, there was awareness of the differences in monetary policy between Japan and the United States, and the yen exchange rate briefly reached the mid-148 yen level to the dollar. The price has dropped.
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Mitsui & Co. to participate in offshore wind power generation off the coast of Taiwan, contributing approximately 260 billion yen
2023-09-22 17:50:00
Mitsui & Co. has decided to contribute approximately 260 billion yen to participate in an offshore wind power generation project being developed off the coast of Taiwan.
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[Details] Bank of Japan press conference “It is necessary to persistently continue monetary easing”
2023-09-22 17:22:00
At the Monetary Policy Meeting held until the 22nd, the Bank of Japan decided to maintain the current large-scale monetary easing measures that keep short-term interest rates negative and long-term interest rates around 0%. Regarding the range of fluctuations in long-term interest rates, the Bank has decided at its previous meeting in July that it will, in effect, allow an increase of up to 1%. Although the consumer price index has exceeded the 2% target for 17 consecutive months through August, the Bank of Japan has stated that the 2% price stability target, accompanied by wage increases, has not yet been achieved. The Bank judged that it was necessary to persistently continue the current monetary easing measures in order to achieve the price target. In the bond market, long-term interest rates have been on an upward trend since the Bank of Japan approved a further rise in long-term interest rates at its previous meeting in July. Additionally, the yen continues to depreciate in the foreign exchange market. Bank of Japan Governor Ueda's press conference began at 3:30 p.m. and ended at 4:35 p.m. We will provide details of President Ueda's remarks at the press conference.
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[Details] Bank of Japan press conference “It is necessary to persistently continue monetary easing”
2023-09-22 16:57:00
The Bank of Japan decided to maintain large-scale monetary easing measures at its monetary policy meeting held until the 22nd.
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Stock prices temporarily fell by more than 400 yen, but monetary easing is maintained, leading to buyback movements
2023-09-22 16:56:00
On the 22nd, the Tokyo stock market and the Nikkei Stock Average briefly fell by more than 400 yen, but the Bank of Japan's decision to maintain large-scale monetary easing measures led to buybacks, and the decline narrowed. .
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Fujitsu moves head office functions to Kawasaki factory, etc. as remote work spreads
2023-09-22 16:31:00
With the spread of remote work, it has become clear that companies are reconsidering their headquarters buildings in central Tokyo. Fujitsu has officially announced that it will move out of a large building in Tokyo's Minato Ward, where its head office is located, and move its headquarters functions to its Kawasaki factory in Kanagawa Prefecture.
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[Breaking news] Bank of Japan press conference “We need to persistently continue monetary easing”
2023-09-22 16:18:00
The Bank of Japan decided to maintain large-scale monetary easing measures at its monetary policy meeting held until the 22nd.
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United Auto Workers strike could expand if negotiations fail to reach deadline
2023-09-22 15:36:00
The United Automobile Workers Union (UAW) has been on strike against three major automakers since last week. The company plans to expand its strike if labor-management negotiations do not make progress by 1 a.m. Japan time on the 23rd, but there are no prospects for a conclusion, and there are concerns about the impact on automobile production and the economy as a whole.
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Stock price temporarily fell by more than 400 yen, but there is a movement toward buybacks as monetary easing measures are maintained
2023-09-22 15:35:00
On the 22nd, the Nikkei stock average in the Tokyo stock market temporarily fell by more than 400 yen, but the Bank of Japan's decision to maintain large-scale monetary easing measures led to buybacks and the decline narrowed.
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United Auto Workers strike could expand if negotiations fail to reach deadline
2023-09-22 15:00:00
The United Automobile Workers Union (UAW) has been on strike against three major automakers since last week. The company plans to expand its strike if labor-management negotiations do not make progress by 1 a.m. Japan time on the 23rd, but there are no prospects for a conclusion, and there are concerns about the impact on automobile production and the economy as a whole.
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Takafumi Horie appointed as Chairman of Kitakyushu FM Radio Station “There is only room for growth”
2023-09-22 13:20:00
Takafumi Horie, a businessman who took office this month as chairman of the FM radio station CROSS FM in Kitakyushu City, held a press conference and said, ``Fukuoka's radio stations, which have high potential, have only room for growth. "I want to deliver new content while doing so," he said with enthusiasm.
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Yen price drops to 148 yen level following Bank of Japan monetary policy announcement
2023-09-22 12:13:00
In the Tokyo foreign exchange market on the 22nd, the yen exchange rate fell to the 148 yen level to the dollar immediately after the Bank of Japan's monetary policy announcement. While there is growing speculation that monetary tightening in the United States will be prolonged, the Bank of Japan's decision to maintain large-scale monetary easing measures has raised awareness of the widening interest rate differential between Japan and the United States, and people are selling the yen to expect higher yields. There is a movement to buy dollars.
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Stock price temporarily fell by more than 400 yen
2023-09-22 12:11:00
In the Tokyo stock market on the 22nd, sell orders were placed due to the view that monetary tightening in the United States would be prolonged, and the Nikkei Stock Average at one point fell by more than 400 yen.
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Bank of Japan Monetary Policy Meeting Decides to maintain large-scale monetary easing measures
2023-09-22 11:56:00
The Bank of Japan decided to maintain large-scale monetary easing measures at its monetary policy meeting held until the 22nd.
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Consumer price index in August increased by 3.1% compared to the same month last year, 3% or more for 12 consecutive months
2023-09-22 11:28:00
Looking at the price movements of goods and services consumed at home Last month, the consumer price index for August, which excludes fresh food, which is subject to large fluctuations due to weather, rose 3.1% from the same month last year. The rate of increase has been flat since July, marking the 12th consecutive month that it has been above 3%.
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Fujitsu moves head office functions to Kawasaki factory, etc. as remote work spreads
2023-09-22 10:23:00
With the spread of remote work, it has become clear that companies are reconsidering their headquarters buildings in central Tokyo. Fujitsu has decided to move out of a large building in Tokyo's Minato Ward, where its head office is located, and move its head office functions to the Kawasaki Plant in Kanagawa Prefecture.
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Japan and Canada sign memorandum on stable supply of important minerals for EV batteries
2023-09-22 09:21:00
As EVs (electric vehicles) are expected to spread worldwide, and securing materials for batteries is an issue, Minister of Economy, Trade and Industry Nishimura visited Canada, a resource-rich country, and announced that the two countries would cooperate on things such as the stable supply of important minerals. We exchanged a memorandum containing the following.
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Consumer price index in August increased by 3.1% compared to the same month last year
2023-09-22 08:41:00
The August consumer price index, which measures price movements of goods and services consumed at home, excluding fresh food, which is subject to large fluctuations due to weather, rose 3.1% from the same month last year. The rate of increase has been flat since July, marking the 12th consecutive month that it has been above 3%. The main factor is the rise in prices of foodstuffs and other items.
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Administrative procedures completed in English “Establishment of special asset management zone” Prime Minister Kishida
2023-09-22 07:43:00
Prime Minister Kishida gave a speech to economic circles in New York, where he was visiting, and stated that in order to accelerate domestic investment, he wanted to encourage the entry of foreign asset management companies, including the creation of special zones where administrative procedures could be completed in English. announced their intention to promote new initiatives.
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Administrative procedures completed in English “Establishment of special asset management zone” Prime Minister Kishida
2023-09-22 06:01:00
Prime Minister Kishida gave a speech to economic circles in New York, where he was visiting, and stated that in order to accelerate domestic investment, he wanted to encourage the entry of foreign asset management companies, including the creation of special zones where administrative procedures could be completed in English. announced their intention to promote new initiatives.
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United Auto Workers union strike deadline approaches, but no conclusion in sight
2023-09-22 00:26:00
The United Automobile Workers Union (UAW) has been on strike against three major automakers since last week. The company plans to expand the strike if labor-management negotiations do not make progress by noon on the 22nd local time, but there is no prospect of a conclusion, and there are concerns about the impact on automobile production.
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