Economic news(2023/09/27)
Partial sale of shares in Big Motor Gulliver operating company
2023-09-27 21:02:00
It has been learned that Big Motor has sold some of its shares in the company that operates Gulliver, another major used car sales company. With its business deteriorating due to problems such as fraudulent insurance claims, the company appears to be aiming to secure cash on hand by selling its shares.
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Softbank announces new rate plan linked to smartphone payment service
2023-09-27 19:19:00
Competition among major mobile phone companies to lock them into the "point economy" is increasing, encouraging the use of their various services through point rewards and other means. SoftBank has announced a new rate plan for mobile phones that is linked to smartphone payment services.
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Japan Exchange Group CEO “NISA Expansion: Turning point from savings to investment”
2023-09-27 18:45:00
With the expansion of NISA, a preferential tax system for individual investors, approaching in January next year, Japan Exchange Group CEO Hiroki Yamamichi stated at a press conference that we are at a historic turning point in the shift from savings to investment. He expressed the idea that it is important to provide products and services that meet needs.
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Liberal Democratic Party mid-ranking and young members “Size of supplementary budget proposal to be around 20 trillion yen”
2023-09-27 18:44:00
Regarding new economic measures being put together by the government in response to rising prices, mid-ranking and young members of the Liberal Democratic Party, who are calling for aggressive fiscal spending, are insisting that the size of the supporting supplementary budget bill be around 20 trillion yen. I have confirmed that.
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Release of treated water “limited impact on tourism from China to Japan” Japan Tourism Agency Commissioner
2023-09-27 18:24:00
Ahead of China's long holidays starting on the 29th, Japan Tourism Agency Director Ichiro Takahashi said that the impact of the release of treated water from the Fukushima Daiichi Nuclear Power Plant on tourism to Japan is currently limited. showed this recognition.
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Stock price rises slightly
2023-09-27 18:22:00
Stock prices rose slightly on the Tokyo stock market on the 27th.
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“Economic measures, priority issues such as tax cuts” Council for the Realization of New Capitalism
2023-09-27 17:45:00
On the 27th, the government's ``Council for the Realization of New Capitalism'' discussed new economic measures in response to rising prices, placing priority on corporate wage increases and tax breaks to encourage domestic investment, and related ministries and agencies to develop specific measures. We decided to proceed with the design.
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Gasoline price: 180.5 yen per liter, falling for 3 consecutive weeks due to subsidy expansion
2023-09-27 14:52:00
The national average retail price of regular gasoline as of September 25 was 180.5 yen per liter, falling for the third consecutive week due to the expansion of government subsidies.
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Fiscal System Council begins discussions on proposals for next year's budget formulation
2023-09-27 14:25:00
In preparation for the formulation of next year's budget, an advisory body to the Minister of Finance, made up of experts, began discussions, and opinions were exchanged regarding measures to secure financial resources to strengthen measures to combat the declining birthrate, which will be the focus of year-end budget formulation.
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Bank of Japan July Monetary Policy Meeting “Aims to continue easing through operational review”
2023-09-27 11:18:00
The Bank of Japan has decided to review its interest rate control operations and allow further increases in long-term interest rates, and has published the minutes of its monetary policy meeting in July. The opinions of the committee members suggest that the aim of this review was to make it easier to continue monetary easing.
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Bangladesh opens hub port with Japanese support, hopes to promote business expansion
2023-09-27 09:21:00
A hub port in Bangladesh, which is being developed with support from Japan and is being developed as a new international logistics base in South Asia, was opened to the public of Japanese companies, and the port, which has a population of nearly 170 million, is attracting attention as a production base. It was hoped that this would lead to the promotion of business expansion into Bangladesh.
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NY Dow drops nearly 400 points as US long-term interest rates continue to rise
2023-09-27 07:13:00
On the 26th, the New York stock market saw an increase in sell orders due to the continued rise in long-term interest rates due to the view that monetary tightening will be prolonged in the United States, and the Dow Jones Industrial Average fell by nearly 400 points.
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United Auto Workers union strike; President Biden visits site to show support for union members
2023-09-27 06:57:00
As the UAW (United Auto Workers Union) continues its strike against three major automakers, President Biden visited the site and emphasized his support for union members. It is unusual for a sitting president to visit the site of a strike, and the move is believed to be aimed at solidifying workers' support in the run-up to next fall's presidential election.
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New economic measures: Government to discuss wage increases and tax cuts to encourage domestic investment
2023-09-27 05:21:00
Regarding new economic measures in response to rising prices, the government will begin discussions on the 27th regarding priority items such as wage increases for companies and tax breaks to encourage domestic investment, and will consider specific system designs.
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