This page is the news announced by NHK, a representative TV station in Japan.

Economic news(2023/10/12)


Kyoto   Hakone

New action plan to strengthen economic security to be finalized in October

2023-10-12 20:59:00
A meeting was held at the Ministry of Economy, Trade and Industry to collaborate with industry to strengthen economic security, and a new action plan regarding trade control and support for companies will be compiled in October. I did.

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G20 Finance Ministers and Central Bank Governors Meeting begins in Morocco on the 13th

2023-10-12 20:41:00
The G20 meeting of finance ministers and central bank governors of 20 major countries will begin on the 13th (Japan time) in Morocco, North Africa. In addition to the prolonged military invasion of Ukraine and continued inflation in various countries, the future of the world economy is becoming increasingly uncertain due to clashes between Israel and the Islamic organization Hamas, and it is important to see whether all countries can show a unified stance in dealing with these issues. It will be the focus.

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More than 40% of Japanese companies take a cautious view on new investment in China

2023-10-12 20:05:00
Amid growing uncertainty about the future of the Chinese economy, a survey by an organization made up of Japanese companies found that more than 40% of Japanese companies are cautious about making new investments in China.

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``Annual income wall'' corporate subsidies to start from this month

2023-10-12 19:07:00
As a countermeasure to the so-called "annual income wall," a system to provide subsidies to companies that work to prevent their take-home pay from decreasing even if their annual income exceeds a certain level has been approved by a council of the Ministry of Health, Labor and Welfare, and the system will be implemented starting this month. We have decided to proceed with preparations for payment.

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Seven & i HD half-year financial results announced; rebuilding the super business is an issue

2023-10-12 19:07:00
``Seven & i Holdings'' announced its financial results for the six months to August this year, and the affiliated general store ``Ito-Yokado'' posted a deficit for the second consecutive year in the first half. While the sale of the affiliated department store Sogo/Seibu has been completed, the challenge is to rebuild the supermarket business, which continues to be in a slump.

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Fast Retailing's overseas business is doing well, with sales and profits at record highs

2023-10-12 19:03:00
Fast Retailing, which operates Uniqlo, posted record highs in sales and profits for the year ending in August due to strong overseas business. This fiscal year, we expect sales to exceed 3 trillion yen for the first time as a company.

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Bank of Japan Councilor Noguchi “It is necessary to continue large-scale monetary easing for the time being”

2023-10-12 18:46:00
On the 12th, Bank of Japan Councilor Akira Noguchi held a press conference in Niigata City, emphasizing that strong wage increases are essential to achieving the Bank of Japan's 2% price stability target. He expressed the idea that mitigation needs to continue.

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The yen exchange rate has fallen somewhat against the dollar.

2023-10-12 18:23:00
At the Tokyo foreign exchange market on the 12th, the yen depreciated somewhat against the dollar.

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Zengin Net All delayed transfer processing has been completed Management organization

2023-10-12 17:43:00
Due to a problem that occurred in the system of Zengin-Net (National Bank Fund Settlement Network), which handles the exchange of funds between financial institutions, the management organization has restored the system and completed all delayed transfer processing. announced.

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Online banking, etc. Digital assets backed by bank deposits to be issued in July next year

2023-10-12 17:10:00
In order to improve the convenience of payments between companies, domestic online banks have announced that they will issue digital assets backed by bank deposits by July next year. Private financial institutions are increasingly issuing their own digital assets to improve the efficiency of payments.

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Toyota and Idemitsu agree to collaborate on mass production of "all-solid-state batteries"

2023-10-12 17:09:00
Toyota Motor Corporation and Idemitsu Kosan have announced that they have agreed to collaborate to mass produce next-generation "all-solid-state batteries" that have higher performance than current batteries for EVs (electric vehicles). The two companies will jointly carry out demonstrations aimed at mass production, and will also proceed with consideration for future commercialization.

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Zengin Net system restored and operating normally confirmed by management organization

2023-10-12 17:08:00
A glitch occurred in the system responsible for exchanging funds between financial institutions, which continued to cause delays in transfers at some financial institutions since the 10th, but the organization that operates the system said it was back up and running as of the morning of the 12th. The company confirmed that the issue had been restored and announced that it had been restored.

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Stock prices rise by more than 500 yen, US long-term interest rates fall, tailwind for export-related stocks

2023-10-12 16:14:00
On the 12th, the Tokyo stock market, the Nikkei average stock price rose by more than 500 yen.

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Gasoline price 176.9 yen per liter, falling for 5 consecutive weeks due to subsidy expansion

2023-10-12 15:08:00
The national average retail price of regular gasoline as of the 10th was 176.9 yen per liter, falling for the fifth consecutive week due to the expansion of government subsidies.

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Meiji Yasuda Life Insurance to raise the expected interest rate of educational endowment insurance

2023-10-12 15:00:00
In light of the rising trend in long-term interest rates, Meiji Yasuda Life has decided to raise the expected interest rate, which is the rate of interest promised to policyholders, for educational endowment insurance, which is used to fund children's future education. If the assumed interest rate rises, the insurance premiums paid by policyholders will become lower relative to the total amount they receive.In response to the rise in long-term interest rates, financial institutions are increasingly reviewing their product offerings.

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Stock price increases by more than 500 yen

2023-10-12 13:06:00
On the 12th, the Tokyo stock market and Nikkei average stock price rose by more than 500 yen.

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Zengin-Net Responses from each financial institution

2023-10-12 12:59:00
This is the response of each financial institution.

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Toyota and Idemitsu agree to collaborate on mass production of "all-solid-state batteries"

2023-10-12 12:26:00
Toyota Motor Corporation and Idemitsu Kosan have announced that they have agreed to collaborate to mass produce next-generation "all-solid-state batteries" that have higher performance than current batteries for EVs (electric vehicles). The two companies will jointly conduct demonstrations aimed at mass production, as well as consider future commercialization. Toyota Motor Corporation aims to commercialize all-solid-state batteries for EVs as early as 2027, and other automakers are also accelerating research and development toward commercialization.

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Zengin Net system restored and operating normally confirmed by management organization

2023-10-12 12:13:00
A glitch occurred in the system responsible for exchanging funds between financial institutions, which continued to cause delays in transfers at some financial institutions since the 10th, but the organization that operates the system said it was back up and running as of the morning of the 12th. The company confirmed that the issue had been restored and announced that it had been restored.

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September corporate price index increased by 2% compared to the same month last year; growth rate decreased for 9th consecutive month

2023-10-12 11:20:00
The Corporate Goods Price Index, which measures the prices of goods traded between companies, rose 2% last month compared to the same month last year. The movement of companies to pass on price changes has slowed down from before, and the growth rate has contracted for nine consecutive months.

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Zengin-Net Responses from each financial institution

2023-10-12 10:48:00
This is the response of each financial institution.

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Zengin-Net system restored, management organization announced

2023-10-12 10:33:00
A glitch occurred in the system responsible for exchanging funds between financial institutions, and since the 10th, some financial institutions have been experiencing delays in transfers. We confirmed that it was operating without any problems and announced that it had been restored.

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Zengin-Net system restored, management organization announced

2023-10-12 10:03:00
A glitch occurred in the system that handles the exchange of funds between financial institutions, which caused delays in transfers at some financial institutions starting on the 10th, but the organization that operates the system said that as of 9 a.m., the system was broken. We confirmed that it was operating without any problems and announced that it had been restored.

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Shoko Chukin Bank “Transactions can be used as usual”

2023-10-12 09:39:00
Shoko Chukin Bank, which is a government-affiliated financial institution that provides loans to small and medium-sized enterprises, has decided that due to a system glitch on Zengin-Net, it will be unable to transfer funds to other banks at counters in stores nationwide, at ATMs (automated teller machines), and over the Internet. However, we have recently announced that these transactions can now be used as usual.

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US ExxonMobil acquires major shale company for approximately 8.8 trillion yen

2023-10-12 09:14:00
American oil giant ExxonMobil has announced that it will acquire American shale giant Pioneer Natural Resources. The acquisition price is 8.8 trillion yen in Japanese yen, and is a form of increased investment in the fossil fuel business that produces oil and natural gas from shale, where energy demand is expected to be high.

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Mitsubishi UFJ Bank “Transactions can now be carried out as usual”

2023-10-12 09:11:00
Due to a glitch in the system responsible for exchanging funds between financial institutions, which has been causing delays in transfers at some financial institutions since the 10th, Bank of Mitsubishi UFJ has recently announced that transactions will resume as usual. announced that it had become There has been a delay in some transfers to and from other financial institutions that were received by the 11th, but it is expected that the transactions will be completed gradually.

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September corporate price index increased by 2% compared to the same month last year; growth rate slowed for 9 consecutive months

2023-10-12 08:56:00
The Corporate Goods Price Index, which measures the prices of goods traded between companies, rose 2% last month compared to the same month last year. Meanwhile, the growth rate slowed for nine consecutive months.

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Zengin Net “The system has been operating smoothly since 8:30 a.m.”

2023-10-12 08:53:00
A glitch occurred in the system that handles the exchange of funds between financial institutions, and since the 10th, some financial institutions have been experiencing delays in transfers. Network announced that recovery efforts have been completed. The system has been operating smoothly since 8:30 a.m., and transfers to other banks can be made.

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Fed releases last month's meeting minutes, most participants say ``one more rate hike is appropriate''

2023-10-12 06:34:00
The Federal Reserve, the central bank of the United States, released the minutes of last month's meeting, revealing that most participants thought it would be appropriate to raise interest rates one more time. I did.

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Zengin Net system glitch “Aiming to restore by 8:30 a.m.”

2023-10-12 05:03:00
Due to a glitch in the system responsible for exchanging funds between financial institutions, more than 5 million transactions were delayed from the 10th to the 11th. The organization that operates the system says they aim to restore the system by 8:30 a.m.

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Kyoto   Mt.Fuji


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