Otsuka Foods to voluntarily recall approximately 380,000 bottles of "Crystal Geyser"
Otsuka Foods, headquartered in Osaka, has announced that it will voluntarily recall approximately 380,000 bottles of Crystal Geyser, a mineral water it imports and sells, due to a defect in the mouth of the bottle. .
Technology to use hydrogen as fuel for engines to be tested in commercially available trucks
Demonstration experiments will begin in November in Tokyo and elsewhere to test the fuel efficiency and driving performance of commercially available trucks equipped with hydrogen-fueled engines.
Mitsubishi UFJ Bank 10-year fixed deposit interest rate increased to 100 times
Mitsubishi UFJ Bank has announced that it will raise interest rates on yen time deposits with terms of five years or more starting November 6, in light of the recent rise in long-term interest rates. For fixed deposits with a term of 10 years, the interest rate will be raised for the first time in 12 years, increasing from the current 0.002% to 0.2%, a 100-fold increase.
Why on earth is the yen's depreciation accelerating? How much will the burden on household budgets increase? Estimated by annual income
The yen continues to weaken. The price has finally dropped to the 151 yen level. In the Tokyo foreign exchange market on the 1st, the yen-selling and dollar-buying movement intensified in response to the results of the Bank of Japan's monetary policy meeting held on October 31st. The market view that the Bank of Japan's decision to make monetary policy more flexible has spread that it is not a major correction, and people are becoming aware of the difference in interest rates between Japan and the United States, and they are selling the yen to expect higher yields. The movement to buy dollars strengthened, and the yen depreciated. How fast will this movement accelerate? What is the impact on the Japanese economy?
Business community and Osaka Prefecture/City acceptance policy to bear the increased cost of Expo construction costs
The construction costs for the venue for the Osaka/Kansai Expo next year are expected to rise to a maximum of 235 billion yen, an increase of 50 billion yen from the previous year, and the business community, including Keidanren and the Kansai Economic Federation, announced that The company has announced that it will accept one-third of the burden. Osaka Prefecture and Osaka City have also decided to accept one-third of the increased amount, saying it is unavoidable mainly due to higher-than-expected price increases.
Sumitomo Chemical significantly downwardly revisions this year's earnings forecast; chairman and others voluntarily return remuneration
Sumitomo Chemical announced that its chairman and president will voluntarily return their executive remuneration, as the company has significantly revised its business forecast for this fiscal year downward due to the worsening global market conditions for petrochemical products.
Mitsubishi UFJ Bank 10-year fixed deposit interest rate increased to 100 times the highest level since 2012
Mitsubishi UFJ Bank has announced that it will raise interest rates on yen time deposits starting from the 6th of this month. In the case of a 10-year fixed deposit, the interest rate will increase from the current 0.002% to 0.2%, a 100-fold increase. In response to the recent rise in long-term interest rates, interest rates are at their lowest level since 2012.
Gasoline retail price: National average 173.4 yen per liter, unchanged from last week
The national average retail price of regular gasoline as of October 30 was 173.4 yen per liter, unchanged from last week.
Toyota Group's April-September Financial Results Revised Upward Forecast with Record-Highest Profits
Toyota Motor Corporation's group-wide financial results from April to September this year showed that its operating profit and final profit more than doubled compared to the same period the previous year, and both exceeded 2 trillion yen. , which was the highest ever for this period. We have also revised our operating income forecast for this fiscal year upward to 4.5 trillion yen.
Mortgage loan “Flat 35” Interest rate hike applied this month for 3 consecutive months
As long-term interest rates continue to rise, the Japan Housing Finance Agency has raised the lowest interest rate applicable this month for the long-term fixed mortgage "Flat 35" for the third consecutive month.
Bank of Japan announces “extraordinary open market operations for government bonds” Long-term interest rates continue to rise
As long-term interest rates continue to rise due to the Bank of Japan's decision on October 31st to allow long-term interest rates to exceed a certain level of 1%, the Bank of Japan temporarily purchased government bonds on November 1st to raise interest rates. announced that it would conduct open market operations to suppress the
Toyota Group Financial Results for April to September Operating profit and final profit record high
Toyota Motor Corporation announced the financial results of the entire group from April to September this year, ▼Operating revenue, which is sales, was 21,981.6 billion yen, and ▼Operating profit, which is profit from the main business, was 2,559.2 billion yen. This was the highest ever for this period. The final profit was 2,589.4 billion yen, the highest ever for this period. Operating profit and bottom line more than doubled compared to the same period last year. The main factors were strong sales in the United States and other countries, as well as a boost to profits due to the weaker yen. Furthermore, regarding the forecast for this fiscal year, operating revenue has been revised upward from 38 trillion yen to 43 trillion yen, and operating income has been revised upward from 3 trillion yen to 4.5 trillion yen. .
NTT self-developed domestically generated AI service to be launched for companies from March next year
NTT has announced that it will begin offering a domestically produced generative AI service to businesses from March next year. It is said that it competes with major American IT companies and is characterized by significantly reducing installation costs.
The yen continues to weaken, trading at the low 151 yen level to the dollar, and the dollar-buying movement intensifies.
In the Tokyo foreign exchange market on the 1st, the Bank of Japan's decision to make monetary policy more flexible on October 31st was perceived as not being a major revision, and the interest rate differential between Japan and the United States became conscious, leading to yen-selling and dollar-buying movements. The currency has strengthened, and the yen is trading at the low 151 yen level to the dollar.
Long-term interest rates rise to 0.97%, the highest level in about 10 years and 5 months
In the bond market on November 1, there was an intensification of selling of Japanese government bonds, and long-term interest rates hit 0.97% in morning trading, the highest level in about 10 years and 5 months since May 2013.
New economic measures adjusted towards low 17 trillion yen range
On the 2nd, the government announced new economic measures to be compiled, including benefits for low-income households and an extension of subsidies to curb gasoline prices, as well as a fixed tax cut that it plans to implement next fiscal year. It turns out that the market is being adjusted to be in the low 17 trillion yen range.
Stock prices rise by more than 700 yen, buying orders gather for export-related stocks, etc.
On the 1st, against the backdrop of the yen's depreciation in the Tokyo stock market and the foreign exchange market, a wide range of stocks including those related to exports attracted buying orders, and the Nikkei Stock Average rose by more than 700 yen at one point.
Yen exchange rate 1 dollar = trading in the low 151 yen range, yen selling and dollar buying are accelerating
In the foreign exchange market, yen selling and dollar buying accelerated due to the perception that the flexibilization of monetary policy decided by the Bank of Japan was not a major adjustment, and interest rate differentials between Japan and the US accelerated, and the yen exchange rate fell to 1 in the Tokyo market. The dollar is trading in the low 151 yen range.
Toyota Motor Corporation will make an additional investment of approximately 1.2 trillion yen in a battery factory under construction in the US
Toyota Motor Corporation has announced that it will invest an additional 1.2 trillion yen in a battery factory currently under construction in the southern state of North Carolina in order to strengthen production capacity for batteries for EVs (electric vehicles) in the United States.
Finance Minister ``does not exclude all means'' to check market movements as yen depreciation accelerates
Regarding the accelerating depreciation of the yen in the foreign exchange market, Finance Minister Kanda told reporters, ``We are concerned about unilateral and sudden movements, and we are taking all possible measures to prevent excessive fluctuations.'' I would like to take appropriate action without excluding them,'' he said, putting a check on market movements.
The Bank of Japan is making monetary policy more flexible, but the focus is on how much it will allow interest rates to rise
On October 31st, the Bank of Japan decided to allow long-term interest rates to exceed 1% to a certain extent, changing from its previous policy of strictly capping long-term interest rates at 1%. Governor Ueda has expressed the view that long-term interest rates will not rise significantly above 1%, but the focus will be on how far the Bank of Japan will allow interest rates to rise.
Keisei Electric Railway to absorb subsidiary “Shin-Keisei Electric Railway” next year
In order to strengthen its business foundation, Keisei Electric Railway has decided to absorb Shin-Keisei Electric Railway, a subsidiary that connects Matsudo City and Narashino City in Chiba Prefecture, next year.
NY market price drops to 151 yen to $1 for the first time in about a year since October last year
On the 31st, in the New York foreign exchange market, yen-selling and dollar-buying accelerated due to the perception that the Bank of Japan's decision to make monetary policy more flexible was not a major revision, and interest rate differentials between Japan and the U.S. accelerated, with the yen rate approx. For the first time in a year, the price temporarily fell to the low 151 yen level to the dollar.