2023-10-29 10:56:00
The UAW (United Auto Workers Union) in the United States, which continues to strike, has announced that it has reached a tentative agreement on wage increases and other matters with Stellantis, a European company that owns brands such as Chrysler. On the other hand, the remaining GM (General Motors) has announced that it will expand its strike and is increasing pressure.
2023-10-29 08:20:00
Long-term interest rates continue to rise. On October 26, the yield on 10-year government bonds, a representative indicator of long-term interest rates, rose to 0.885% for the first time in 10 years. The Bank of Japan is inching closer to the de facto upper limit of 1%. Long-term interest rates are formed based on long-term forecasts of economic conditions, prices, exchange rates, etc., and are also called the "economic thermometer." This level also affects our lives, as it is reflected in the fixed interest rates of home loans. Long-term interest rates are a concern. We interviewed them to find out just how high it would rise. (Economy Department reporter Koki Nishizono)
