Economic news(2023/12/05)
Proposal to reduce deduction for dependents such as high school students, government and ruling party exceed increase in child allowance
2023-12-05 20:59:00
In next fiscal year's tax reform, the focus will be on the treatment of deductions for dependents due to the expansion of child allowance eligibility, and the government and ruling party will increase the amount of income tax deductions for parents who support high school students from the current 380,000 yen to 250,000 yen per year. We have decided to proceed with consideration based on a proposal to lower the tax rate to . Even if the deductions are reduced in consideration of the burden of education costs, the increase in child allowances will still exceed the amount for all income groups.
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The Ministry of Economy, Trade and Industry proposes a new system for carbon capture and storage to start safe business operations
2023-12-05 20:52:00
The Ministry of Economy, Trade and Industry is seeking prior government approval for CCS, a carbon capture and storage technology that aims to start operations by 2030 in order to realize a decarbonized society, in order to ensure safety. We have put together a proposal for a new system that would make it mandatory for people to receive medical insurance.
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Yen market: Small price movements 1 dollar = high 146 yen range
2023-12-05 20:16:00
On the 5th, in the Tokyo foreign exchange market, the yen exchange rate showed slight price movements against the dollar.
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Next year's tax reform: Proposal to reduce deduction for dependents such as high school students, government and ruling party considering
2023-12-05 19:05:00
In next fiscal year's tax reform, the focus will be on the handling of deductions for dependents due to the expansion of child allowance eligibility, and the government and ruling party will increase the amount of income tax deductions for parents who support high school students from the current 380,000 yen to 250,000 yen per year. We have decided to proceed with consideration based on a proposal to lower the tax rate to . Even if the deductions are reduced in consideration of the burden of education costs, the increase in child allowances will still exceed the amount for all income groups.
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The Ministry of Economy, Trade and Industry proposes a new system for carbon capture and storage to start safe business operations
2023-12-05 18:01:00
The Ministry of Economy, Trade and Industry is seeking prior government approval for CCS, a carbon capture and storage technology that aims to start operations by 2030 in order to realize a decarbonized society, in order to ensure safety. We have put together a proposal for a new system that would make it mandatory for people to receive medical insurance.
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Stock price temporarily fell by more than 500 yen, following the trend of falling prices in the NY market
2023-12-05 15:54:00
On the 5th, the Tokyo stock market and Nikkei average stock price fell by more than 500 yen at one point.
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Number of Rakuten Securities accounts exceeds 10 million; interest grows before NISA expansion
2023-12-05 14:24:00
Ahead of the expansion of NISA tax incentives starting next year, interest in investment and asset formation is increasing, and the number of accounts at Rakuten Securities, the second largest online securities company, has exceeded 10 million, following only the largest SBI Holdings. I found out that
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NVIDIA CEO meets with Minister of Economy, Trade and Industry to consider research and development bases in Japan
2023-12-05 13:44:00
Jensen Huang, CEO of NVIDIA, a major American semiconductor manufacturer, who is visiting Japan, met with Minister of Economy, Trade and Industry Nishimura on the 5th, and revealed that the company is considering establishing an R&D base in Japan. Did.
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Stock price temporarily fell by more than 500 yen, following the trend of falling prices in the NY market
2023-12-05 12:14:00
On the 5th, the Tokyo stock market and Nikkei average stock price temporarily fell by more than 500 yen due to sell orders for many stocks including semiconductors.
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Consumer price index for November in Tokyo's 23 wards increased by 2.3% from the same month last year
2023-12-05 11:42:00
Last month's consumer price index for Tokyo's 23 wards was preliminary, and the index, which excludes fresh food, which is subject to large fluctuations due to weather, rose 2.3% from the same month last year. According to the Ministry of Internal Affairs and Communications, the rate of increase has been slowing since January this year, and it was 2.3% for the first time since July last year.
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Stock price temporarily fell by more than 500 yen, following the trend of falling prices in the NY market
2023-12-05 11:02:00
On the 5th, the Tokyo stock market and Nikkei average stock price fell by more than 500 yen at one point. As long-term interest rates in the United States rose, stock prices fell in the New York market on the 4th, and sell orders were placed in many stocks such as semiconductors in the Tokyo market.
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Consumer price index for November in Tokyo's 23 wards increased by 2.3% from the same month last year
2023-12-05 09:11:00
The consumer price index for November in Tokyo's 23 wards is preliminary, and the index, which excludes fresh food, which is subject to large fluctuations due to weather, rose 2.3% from the same month last year. The rate of increase decreased by 0.4 points from October's 2.7%, marking the fourth consecutive month in the 2% range.
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Interview with Mizuho Trust and Banking President Umeda
2023-12-05 07:45:00
Kei Umeda, president of Mizuho Trust and Banking, whose mainstay is the real estate business, responded to an interview with NHK regarding the rise in land and housing prices mainly in the city center, and said that prices were based on actual demand, and that prices rose more than they actually did in 1990. He expressed the view that the situation was different from the bubble period around 2007.
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Ministry of Economy, Trade and Industry plans to request giant IT companies to make corrections to improve transaction transparency
2023-12-05 07:37:00
In order to increase the transparency of transactions by giant IT companies, the Ministry of Economy, Trade and Industry will request that companies such as Apple and Amazon Japan take corrective action to proactively disclose standards regarding handling of complaints and consultations from business partners, fees, etc. I showed you the idea.
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Ministry of Economy, Trade and Industry to review subsidies for the spread of EVs and evaluate initiatives such as infrastructure development
2023-12-05 07:25:00
In order to accelerate the spread of electric vehicles (EV), the Ministry of Economy, Trade and Industry will review the subsidy system provided to car buyers. It is expected that manufacturers' efforts to maintain charging equipment will be added to new evaluation items, which could make a difference in the amount of subsidy.
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Toyota to make EVs account for more than 20% of new car sales in Europe by 2026
2023-12-05 07:21:00
On the 4th, Toyota Motor Corporation announced a new goal of having at least 20% of new cars sold in Europe be electric vehicles by 2026.
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NY Commodity Exchange “Gold” futures price temporarily exceeds $2,100, new high
2023-12-05 05:52:00
On the New York Mercantile Exchange, the futures price of gold, which is considered a safe-haven asset, temporarily exceeded $2,100 per ounce, marking the highest price since the first day of last week. Amid widespread speculation that the Federal Reserve Board will cut interest rates as early as next year, there has been a growing movement to buy gold, with the view that it will be less affected by interest rate cuts.
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