Economic news(2023/10/03)
Yen exchange rate 1 dollar = 150 yen level for the first time in about a year since October last year
2023-10-03 23:07:00
At the New York foreign exchange market on the 3rd, the yen depreciated further, and the yen exchange rate temporarily fell to the 150 yen level to the dollar. This is the first time in about a year since last October that the dollar has been in the 150 yen level. There is a growing view that monetary tightening will be prolonged in the United States, and as long-term interest rates continue to rise, people are conscious of the widening interest rate differential between Japan and the United States, and there is a growing movement to sell yen and buy dollars, which can be expected to yield higher yields. .
TOP
TEPCO holds an event to support the expansion of scallop consumption in Tokyo.
2023-10-03 22:48:00
Following the release of treated water from the Fukushima Daiichi Nuclear Power Plant, China completely suspended imports of Japanese marine products, and TEPCO began holding events in Tokyo on the 3rd to support the expansion of scallop consumption. .
TOP
The business world remains cautious about Johnny's Jimusho's policy.
2023-10-03 19:33:00
At a press conference on the 3rd, Niinami, representative secretary of the Japan Association of Corporate Executives, praised Johnny's office's announcement on the 2nd of its plans to change the company's name regarding the issue of Johnny Kitagawa's sexual assault as ``a step forward.'' On the other hand, the company recognized that it is necessary to see if progress is being made in redressing the victims before resuming contracts for advertisements featuring affiliated talent.
TOP
JR West sets up a council to rebuild Geibi Line, which continues to be in the red, making first request to the government
2023-10-03 19:30:00
Based on the law that went into effect in October, JR West held a council meeting to discuss the continuation of the line and conversion to buses for some sections of the Geibi Line connecting Hiroshima and Okayama prefectures, where ridership continues to decline. We requested that the country establish one. This is the first time in the country that a request has been made to the government based on this law.
TOP
The yen market price was close to 150 yen to the dollar at one point, but there was a mix of buying and selling.
2023-10-03 18:27:00
At the Tokyo foreign exchange market on the 3rd, the yen depreciated to a level approaching 150 yen to the dollar at one point, but thereafter there was a mix of buying and selling, with the yen being bought back.
TOP
The business world remains cautious about Johnny's Jimusho's policy.
2023-10-03 18:22:00
At a press conference on the 3rd, Niinami, representative secretary of the Japan Association of Corporate Executives, praised Johnny's office's announcement on the 2nd of its plans to change the company's name regarding the issue of Johnny Kitagawa's sexual assault as ``a step forward.'' On the other hand, the company recognized that it is necessary to see if progress is being made in redressing the victims before resuming contracts for advertisements featuring affiliated talent.
TOP
JR West sets up a council to rebuild Geibi Line, which continues to be in the red, making first request to the government
2023-10-03 18:08:00
Based on the law that went into effect in October, JR West held a council meeting to discuss the continuation of the line and conversion to buses for some sections of the Geibi Line connecting Hiroshima and Okayama prefectures, where ridership continues to decline. We requested that the country establish one. This is the first time in the country that a request has been made to the government based on this law.
TOP
Nearly 80% of young people use and are interested in NISA, survey on investment awareness among young people
2023-10-03 17:58:00
Ahead of the expansion of NISA, a preferential tax system for individual investors, from January next year, a survey was conducted to ask young people about their attitudes towards investing, and found out who is using NISA and who is interested. It turns out that the total percentage is close to 80%.
TOP
Konnyaku exports are booming due to the weak yen, with some companies increasing their overseas sales by 5 times as much Gunma
2023-10-03 17:55:00
The yen has continued to depreciate on the 3rd, and companies that are benefiting from this are companies that produce konjac, a specialty of Gunma prefecture. Combined with the rise in health consciousness overseas and the weaker yen, a company in Tomioka City, Gunma Prefecture is expecting sales to be about five times higher this year than last year.
TOP
Prime Minister Kishida gives keynote speech at a conference of institutional investors working on social issues etc.
2023-10-03 17:33:00
An international network of institutional investors proactively addressing environmental and social issues held a conference in Tokyo on the 3rd, and Prime Minister Kishida gave a keynote speech at which he spoke about how Japanese households should shift their financial assets from savings to investment. He expressed his desire to push forward with policies to shift the world's economy and contribute to sustainable global growth.
TOP
JR West sets up a council to rebuild Geibi Line, which continues to be in the red, making first request to the government
2023-10-03 16:48:00
Based on the law that went into effect in October, JR West held a council meeting to discuss the continuation of the line and conversion to buses for some sections of the Geibi Line connecting Hiroshima and Okayama prefectures, where ridership continues to decline. We requested that the country establish one. This is the first time in the country that a request has been made to the government based on this law.
TOP
Stock price temporarily fell by more than 600 yen due to rise in US long-term interest rates
2023-10-03 16:05:00
On the 3rd, the Tokyo stock market and Nikkei average stock price fell by more than 600 yen at one point.
TOP
Maebashi's famous confectionery "Katahara Manju" is revived and taken over by another company, new store opens
2023-10-03 15:26:00
Katahara Manju, which has long been a famous confectionery of Maebashi City and has been loved by the city's residents, ceased production three years ago because a successor could not be found, but it has been revived by another company that has taken over the business, and a new store opened on the 3rd. is now open.
TOP
First request to establish a council to discuss reconstruction of a section of JR West Geibi Line
2023-10-03 15:18:00
Based on the law that went into effect in October, JR West held a council meeting to discuss the continuation of the line and conversion to buses for some sections of the Geibi Line connecting Hiroshima and Okayama prefectures, where ridership continues to decline. We requested that the country establish one. This is the first time in the country that a request has been made to the government based on this law.
TOP
Nikkei average stock price temporarily drops by more than 600 yen Tokyo stock market
2023-10-03 14:25:00
On the 3rd, the Tokyo stock market and Nikkei average stock price fell by more than 600 yen at one point. As long-term interest rates continue to rise in the United States and Japan, there is an awareness that this will be a headwind for companies that raise funds, and stocks have fallen almost across the board.
TOP
Nikkei average stock price temporarily drops by more than 500 yen Tokyo stock market
2023-10-03 13:31:00
The Tokyo stock market and Nikkei average stock price on the 3rd temporarily fell by more than 500 yen. In response to the continuing upward trend in long-term interest rates in the United States and Japan, sell orders are spreading across a wide range of stocks as companies that raise funds are aware that this will be a headwind.
TOP
Ministry of Economy, Trade and Industry provides 192 billion yen subsidy for Hiroshima production facility being developed by US semiconductor giant
2023-10-03 13:24:00
The Ministry of Economy, Trade and Industry has announced that it will provide up to 192 billion yen in subsidies for the next-generation semiconductor production facility being built in Hiroshima Prefecture by American semiconductor giant Micron Technology. The aim is to strengthen the domestic production system for semiconductors, which are becoming increasingly important for economic security.
TOP
“Japan-U.S. Business Leaders Meeting” begins to discuss strengthening cooperation between the two countries
2023-10-03 12:53:00
The ``Japan-U.S. Business Conference,'' a gathering of top business leaders from Japan and the United States, began on the 3rd in Tokyo. Discussions are expected to be held to strengthen cooperation between the two countries on issues such as energy security and semiconductor supply chains.
TOP
Apply for new Rakuten Mobile Platinum Band allocation
2023-10-03 12:24:00
Rakuten Mobile has applied for a new allocation of a radio wave band called the Platinum Band that makes it easier for mobile phones to connect. While the mobile phone business continues to be in the red, we hope to increase the number of subscribers.
TOP
Stock prices fall “Sell orders spread across a wide range of stocks”
2023-10-03 12:13:00
Stock prices are falling on the Tokyo stock market on the 3rd.
TOP
Yen price temporarily fell to the low 149 yen level to the dollar, wary of market intervention
2023-10-03 11:59:00
In the Tokyo foreign exchange market on the 3rd, the yen depreciated further, and the yen exchange rate temporarily fell to the low 149 yen level to the dollar. Investors are increasingly wary of market intervention by the government and the Bank of Japan, and the price is trading close to 150 yen.
TOP
10-year government bond “surface interest rate” raised to 0.8%, the highest level in 10 years
2023-10-03 11:53:00
The Ministry of Finance announced that it will raise the interest rate on 10-year government bonds issued this month to 0.8%. This is the first level in 10 years, as the Bank of Japan has reviewed its interest rate control operations and market yields are rising.
TOP
Long-term interest rates temporarily rose to 0.78%, the highest level in about 10 years since September 2013
2023-10-03 10:05:00
In the bond market on the 3rd, the selling of Japanese government bonds became even stronger, and long-term interest rates briefly rose to 0.78% in the morning, the highest level in about 10 years since September 2013.
TOP
New York market yen exchange rate updated to its lowest price this year, temporarily reaching 149.88 yen to the dollar
2023-10-03 05:21:00
On the 2nd, in the New York foreign exchange market, the yen depreciated, with the yen weakening to the dollar at one point as long-term interest rates rose to a level not seen in about 16 years due to expectations that monetary tightening would be prolonged in the United States. = The price has fallen to the late 149 yen range, making it the lowest price this year.
TOP
JR West requests the government to establish the first council in the country for some sections of the Geibi Line
2023-10-03 05:07:00
In response to the enactment of a law that allows the government to establish a council to discuss the continuation of railway lines and the conversion of buses to struggling railways, JR West has announced that it will be renovating part of the Geibi Line that connects Hiroshima and Okayama prefectures. We plan to request the government to set up a council regarding this section on the 3rd. This is expected to be the first such request in the country under this law.
TOP
Informal recruitment ceremonies for new employees scheduled to join the company next spring At various locations, Yamaha gathers prospective employees in plain clothes
2023-10-03 04:03:00
Inaugural ceremonies for students and others who are planning to join the company next spring were held on the 2nd at companies across the country. At Yamaha, a musical instrument maker headquartered in Hamamatsu City, participants gathered in casual clothes rather than suits in order to have a casual atmosphere and deepen friendships.
TOP
