Economic news(2023/09/26)
IEA considers establishing new department to ensure stable supply of important minerals such as lithium
2023-09-26 19:55:00
To ensure a stable supply of important minerals such as lithium, which is essential as a material for electric vehicle batteries, the International Energy Agency (IEA), which is created by energy-consuming countries such as Japan, will establish a new department to collaborate with related countries. I understand that you are considering. The Japanese side plans to announce its support at the IEA meeting to be held in Paris, France on the 28th of this month.
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Yen market price temporarily fell to 149 yen level, weakest level since October last year
2023-09-26 19:48:00
In the Tokyo foreign exchange market on the 26th, the yen weakened against the dollar due to the view that monetary tightening in the United States would be prolonged, and the yen exchange rate temporarily fell to the 149 yen level to the dollar for the first time in about 11 months.
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Japan and Central Asia Ministerial-level policy dialogue Cooperation to reduce greenhouse gases
2023-09-26 18:16:00
A ministerial-level policy dialogue was held for the first time to strengthen economic relations between Japan and five Central Asian countries. We agreed to work together to reduce gas consumption.
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Minister of Economy, Trade and Industry Nishimura: “Expo construction cost increase will be discussed among national, local, and business circles.”
2023-09-26 17:53:00
Regarding the construction costs for the Osaka-Kansai Expo venue, the Expo Association, which is the implementing body, has compiled a forecast that it will be about 45 billion yen more than before, Minister of Economy, Trade and Industry Nishimura said that the construction costs are still being scrutinized. He reiterated his intention to discuss measures with the national government, Osaka prefecture and city, and the business community in the event that costs exceed expectations.
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Hitachi will allow dealers to specify prices for some products “Review of price reductions” spreads
2023-09-26 17:39:00
There is a growing movement among electronics manufacturers to reconsider the decline in prices of home appliances. Following Panasonic, Hitachi also announced that it would begin a transaction method for some new products that would allow retailers to specify prices.
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China Evergrande Group Unable to Pay Principal on Corporate Bonds, Restructuring is More Uncertain
2023-09-26 17:24:00
There is growing uncertainty about the restructuring of China's major real estate group, Evergrande Group, which is in financial crisis. The company revealed that it was unable to pay the principal amount of corporate bonds amounting to more than 80 billion yen by the deadline, and Chinese media reported that the group's former top management and others were detained by authorities.
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Yen market price falls to 149 yen level, renewing the lowest yen level since October last year
2023-09-26 16:22:00
In the Tokyo foreign exchange market on the 26th, the yen weakened against the dollar due to the view that monetary tightening in the United States would be prolonged, and the yen exchange rate fell to the 149 yen level to the dollar for the first time in about 11 months.
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Expert meeting to summarize regional environmental conservation discussions on the Linear Chuo Shinkansen
2023-09-26 16:20:00
A national panel of experts, which has been discussing regional environmental conservation regarding JR Tokai's Linear Chuo Shinkansen, for which Shizuoka Prefecture has not approved the start of construction, has decided to finalize the measures that JR should take. We have decided to compile a summary. However, Shizuoka Prefecture says that further discussions with JR are necessary.
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Monthly economic report for September: Government maintains basic assessment that the economy is recovering moderately
2023-09-26 16:09:00
The government compiled this month's monthly economic report, maintaining its basic judgment that the economy is recovering moderately, noting that while corporate profits, especially in non-manufacturing industries, are improving, housing construction is weakening. .
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Stock prices fall by more than 300 yen, mostly semiconductor-related sell orders for many stocks
2023-09-26 15:48:00
On the Tokyo stock market on the 26th, sell orders were placed on many stocks, mainly semiconductor-related stocks, and stock prices fell.
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Yen market price falls to 149 yen level, renewing the lowest yen level since October last year
2023-09-26 15:15:00
At the Tokyo foreign exchange market on the 26th, the yen exchange rate fell to the 149 yen level to the dollar, marking the lowest yen level since October last year. While the Bank of Japan maintained its large-scale monetary easing policy on the 22nd of this month, there is a growing awareness of the widening interest rate differential between Japan and the United States due to the view that monetary tightening in the United States will be prolonged, and the yen is being sold to buy the dollar, which offers higher yields. There is a movement to buy.
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Minister of Economy, Trade and Industry Nishimura: “Expo construction cost increase will be discussed among national, local, and business circles.”
2023-09-26 12:48:00
Regarding the construction costs for the Osaka-Kansai Expo venue, the Expo Association, which is the implementing body, has compiled a forecast that it will be about 45 billion yen more than before, Minister of Economy, Trade and Industry Nishimura said that the construction costs are still being scrutinized. He reiterated his intention to discuss measures with the national government, Osaka prefecture and city, and the business community in the event that costs exceed expectations.
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Hokuriku Shinkansen begins test run of commercial vehicle "W7 series" between Kanazawa and Tsuruga
2023-09-26 11:50:00
Following the test run the other day, test runs using commercial vehicles began on the 26th between Kanazawa Station on the Hokuriku Shinkansen, which will open next March, and Tsuruga Station in Fukui Prefecture.
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Hokuriku Shinkansen begins test run of commercial vehicle "W7 series" between Kanazawa and Tsuruga
2023-09-26 11:04:00
Following the test run the other day, test runs using commercial vehicles began on the 26th between Kanazawa Station on the Hokuriku Shinkansen, which will open next March, and Tsuruga Station in Fukui Prefecture.
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Amazon partners with U.S.-based AI startup to invest up to $4 billion
2023-09-26 08:30:00
As the race to develop generative AI accelerates, American IT giant Amazon announced that it will partner with an American generative AI startup and invest up to $4 billion. It seems that the aim is to compete with Microsoft and Google, which are leading in this field.
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Nissan plans to make all new cars sold in Europe EV by 2030
2023-09-26 04:23:00
In Europe, where regulations on engine vehicles are becoming more and more stringent, Nissan Motor Co., Ltd. has announced that all new cars it sells by 2030 will be EVs.
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New services such as “deletion of data at the time of sale” for the use of second-hand smartphones
2023-09-26 04:18:00
As the prices of new smartphones rise, new services are being launched to make use of used devices.
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NY market Yen depreciates, temporarily falling to the low 148 yen level to the dollar
2023-09-26 04:06:00
On the 25th, in the New York foreign exchange market, the yen depreciated as long-term interest rates rose due to expectations that monetary tightening would be prolonged in the United States, and the yen weakened due to awareness of the widening interest rate differential between Japan and the United States. The price has fallen to the low 148 yen level to the dollar, setting the lowest price this year.
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Yahoo! News Distribution Review and consideration of contract details In response to findings from the Fair Trade Commission
2023-09-26 00:40:00
IT giant Yahoo has been criticized in a report compiled by the Fair Trade Commission regarding the distribution of news articles, saying it may have a "superior position" over newspapers and other media. We have announced that we will continue to consider this, including reviewing the terms of our contracts with media.
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