"Rapidus" enters business partnership with Canadian company to jointly develop semiconductors for AI
Amidst the need to improve the performance of AI (artificial intelligence), which is essential for autonomous driving, Rapidus aims to domestically produce cutting-edge semiconductors. We have decided to work together for joint development.
US consumer price index rises 3.2% in October, lower than expected, yen temporarily rises
The consumer price index for October in the United States has been released, showing an increase of 3.2% compared to the same month last year. The rate of increase was below the previous month's rate for the first time in four months, indicating that inflation is on the decline.
US consumer price index rises 3.2% in October, rate of increase is lower than the previous month
The consumer price index for October in the United States has been released, showing an increase of 3.2% compared to the same month last year. The rate of increase was lower than the previous month, indicating that inflation is on the decline. There is a growing view in the market that the Federal Reserve, the central bank, will hold off on raising interest rates at its monetary policy meeting in December.
Mitsubishi UFJFG President Kamezawa “We are returning to a world with interest rates”
With the rise in long-term interest rates, there has been a series of moves among banks to raise interest rates on time deposits, but Hiroki Kamezawa, president of Mitsubishi UFJ Financial Group, believes that the current situation shows that the trend is finally overcoming deflation. He expressed the view that we are on the verge of returning to a world with interest rates.
Slight price movements in the yen market. There is also a sense of caution about foreign exchange intervention by the government and the Bank of Japan.
On the 14th, in the Tokyo foreign exchange market, there was a movement to sell the yen due to the difference in interest rates between Japan and the United States, and as the yen was about to weaken to the dollar for the first time in about 33 years, there was also a sense of caution about foreign exchange intervention by the government and the Bank of Japan. As the situation spread, the yen exchange rate became slightly volatile.
World semiconductor giant KIOXIA's interim financial results record largest deficit ever
KIOXIA Holdings, the world's leading semiconductor and flash memory manufacturer, posted a net loss of over 180 billion yen due to the deterioration of global market conditions in its financial results for the six months from April to September this year. This is the largest deficit ever recorded for this period since the company's inception.
Minister of Economy, Trade and Industry Nishimura exchanges opinions with heads of Japanese and American companies related to AI and semiconductors
As cooperation between Japan and the United States progresses in the fields of AI (artificial intelligence) and semiconductors, Minister of Economy, Trade and Industry Nishimura, who is visiting the United States, exchanged opinions with the heads of related companies in Japan and North America. Among these, Rapidus, which aims to mass produce cutting-edge semiconductors in Japan, announced plans to establish a sales office in Silicon Valley.
Stock price rises slightly
Stock prices rose slightly on the Tokyo stock market on the 14th.
New semiconductor factory in Ohira Village, Miyagi: Agreement between factory management, prefecture and village
In response to the joint construction of a new semiconductor factory in Ohira Village, Miyagi Prefecture by SBI Holdings, a major online financial company, and a major Taiwanese semiconductor company, the management of the new factory, the prefecture, and the village announced on the 14th. We have concluded a location agreement at the Miyagi Prefectural Office.
Yen exchange rate 1 dollar = high 151 yen level Nervous trading
In the Tokyo foreign exchange market on the 14th, there was a movement to sell the yen due to the difference in interest rates between Japan and the United States, and as the yen weakened to the dollar level for the first time in about 33 years, there was also a sense of caution about foreign exchange intervention by the government and the Bank of Japan. As a result, the yen exchange rate is trading nervously at the high 151 yen level to the dollar.
Stock prices rise Buy orders mainly for export-related stocks
Stock prices are rising on the Tokyo stock market on the 14th.
“We plan to dispose of it to Big Motor on the 30th of this month” Finance Minister Suzuki
Concerning the issue of fraudulent insurance claims by Big Motor, Financial Affairs Minister Suzuki said at a press conference after the cabinet meeting on the 14th that the Kanto Local Finance Bureau will issue a disposition against Big Motor to cancel its registration as a non-life insurance agency, effective the 30th of this month. We made it clear that we had communicated the policy.
Finance Minister Suzuki ``We will continue to take all possible measures'' as the yen continues to weaken
Regarding the recent depreciation of the yen in the foreign exchange market, Finance Minister Suzuki said at a press conference after the Cabinet meeting on the 14th, ``The exchange rate should remain stable by reflecting the fundamentals = basic conditions of the economy.'' "The basic idea is that excessive fluctuations are undesirable. The government will continue to take all possible measures," he said, keeping a check on market movements.
IPEF ministerial meeting begins, no agreement reached in the field of "trade"
A ministerial meeting of the Indo-Pacific Economic Framework (IPEF), an economic partnership framework in which Japan, the United States and others participate, began on the 13th in the United States. Although progress was made in the area of trade, which was the goal of the first day's discussions, no real agreement was reached.
Yen exchange rate: 1 dollar = 151 yen, 92 sen This year's lowest price updated
On the 13th, in the New York foreign exchange market, the yen's depreciation accelerated due to interest rate differences due to the difference in the direction of monetary policy between Japan and the United States, and the yen exchange rate temporarily fell to 151.92 yen to the dollar. The lowest price has been updated. The yen's depreciation reached its highest level against the dollar for the first time in about 33 years, but since then there have been moves to buy back the yen, resulting in rough price movements.