Economic news(2023/10/24)
New action plan to strengthen economic security: review and consideration of export controls Ministry of Economy, Trade and Industry
2023-10-24 21:33:00
To strengthen economic security, the Ministry of Economy, Trade and Industry has compiled a new action plan regarding regulations and support for businesses. In order to prevent the leakage of important technologies, we plan to review the export control system, and we will begin a detailed study this fall.
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Cosmo to hold extraordinary general meeting of shareholders in December, consider implementing takeover defense measures
2023-10-24 20:52:00
Cosmo Energy Holdings, a major oil distributor whose major shareholders include investment companies associated with Mr. Yoshiaki Murakami of the former Murakami Fund, has decided to take action against Mr. Murakami's side, which has indicated its intention to purchase more shares. In December, we decided to hold an extraordinary general meeting of shareholders to discuss whether to implement takeover defense measures.
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Mitsubishi Motors officially decides to withdraw from the Chinese market
2023-10-24 18:46:00
On the 24th, Mitsubishi Motors Corporation officially decided to dissolve its joint venture with a Chinese manufacturer and withdraw from the Chinese market. In China, the world's largest automobile market, the shift to EVs (EVs) is progressing rapidly, and struggling Japanese manufacturers are being forced to reconsider their strategies.
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Yen market price rises somewhat
2023-10-24 18:34:00
In the Tokyo foreign exchange market on the 24th, the yen rate rose somewhat.
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Mitsubishi Motors to invest up to 31 billion yen in Renault's new EV company
2023-10-24 18:15:00
Mitsubishi Motors Corporation has decided to invest up to 200 million euros, or over 31 billion yen in current Japanese yen, in a new EV company to be established by French partner Renault. We will be launching our own branded EVs in the European market and other markets.
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Department store sales continue to expand in September, with duty-free items at third highest level on record
2023-10-24 17:08:00
Sales at department stores nationwide continued to expand in September due to the increase in the number of foreign tourists, and sales of duty-free items reached the third highest level on record.
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Stock price rises slightly
2023-10-24 16:33:00
On the 24th, the Tokyo stock market and the Nikkei Stock Average rose slightly.
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Ministry of Land, Infrastructure, Transport and Tourism disposes of 34 Big Motor business offices and cancels vehicle inspection business designation
2023-10-24 15:51:00
Regarding Big Motor's fraudulent insurance claims, on the 24th, the Ministry of Land, Infrastructure, Transport and Tourism took disciplinary action against all 34 business establishments that had conducted on-site inspections, including revoking their vehicle inspection designation and temporarily suspending maintenance operations. .
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Toyota resumed operations today except for one factory; full restart scheduled for the 26th
2023-10-24 10:07:00
Toyota Motor Corporation has continued to suspend production lines at some of its factories due to equipment problems at its business partners, but as parts have been secured, all but one factory will resume operations on the 24th. Full reopening is scheduled for the 26th.
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“Defensive wage increases” at small and medium-sized enterprises
2023-10-24 09:05:00
As a coalition of labor organizations plans to demand a wage increase of 5% or more, including regular wage increases, in next year's spring labor union, the focus among major companies is whether the movement for continued wage increases will spread. On the other hand, there is also a movement among small and medium-sized enterprises to ``defensive wage increases'' in which they are forced to raise wages in order to secure human resources even if they are not making sufficient profits.
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Government designates advanced electronic components as “specified important supplies” to support stable supply
2023-10-24 05:09:00
In order to strengthen economic security, the government has designated cutting-edge electronic components used in data centers and electric vehicles as "specified important supplies" that are essential to people's lives, and has provided the support necessary to ensure a stable supply. We are adjusting accordingly.
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